Second largest us electronic retailer goes out of business
Economic downturn leading tightening of consumer spending has forced bankrupt second largest electronic retailer in the United States, Circuit City, to go out of business.
US supermarket giant Wal-Mart has retained its crown as the world's biggest retailer, with sales eclipsing those of its nearest rival, France's Carrefour, by a factor of more than three, according to an annual survey released yesterday by Deloitte Touche Tohmatsu.