The chain was in dire straits by 1984 and the Chan family decided that they needed to close most of the stores with the goal of saving the remainder. In October 1984, Akron negotiated with Circuit City to sell the leases for up to 17 of its 20 stores. Alternate Link via ProQuest. Alternate Link via ProQuest. In February 1985, Akron told its employees, many of whom had been with the company for more than 20 years, to take a 50% cut and give up most of their fringe benefits in an attempt to keep the company operating. Many of the stores were closed by Spring 1985. There is no record of any stores remaining open beyond this point.
