The ripple effects initiated by today’s announcement that Circuit City was filing for Chapter 11 bankruptcy protection are just beginning.

Circuit City’s vendors are scrambling to minimize the damage.    Not only must they calculate potential losses, they also need to find a way to increase sales elsewhere.

Competitors including Best Buy, Amazon.com and Wal-Mart stand to benefit from Circuit City’s misfortune.  It also represents a major opportunity for independent electronics dealers.

What’s your contingency plan?  How will you reach out to customers, vendors and end-user consumers in these increasingly common scenarios?

Locker Partner can assist.