An auction on the leases of 154 closing Circuit City stores thatwas scheduled for today is canceled due to a lack of bidders, saysa Reuters report.According to a Circuit City spokesperson, theelectronics chain might be able to reject the leases by the end ofthe month, due to the lack of offers.We guess this isn'tsurprise to anyone. Who is out there expanding?Earlier this week,we spoke with Ivan Friedman, the CEO RCS Real Estate Advisors,which is handling the Steve & Barry's leases. The interviewwill be posted as a Q&A next week on GlobeSt.com, but we doubtwe're giving much away by telling you that his outlook on theindustry is far from upbeat.

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