Circuit City Going Out of Business

A year ago I would've been floored that Circuit City would go completely dead. After all, the "distant third" CompUSA had gone dead, and they were clearly suffering. With Best Buy at the top, what will compete? Will anything?

I just can't help but compare it to Montgomery Ward.

1) Highly damaging to retail, many stores closed
2) Last ditch remodeling/rebranding ("The City" vs. "Wards")
3) A distant second place
4) "Reborn" as online only marketplace