Why did Circuit City fail?

Could you elaborate on the reasons behind Circuit City's downfall? Was it a lack of adaptability to the evolving retail landscape, such as the rise of online shopping? Or was it due to mismanagement and strategic missteps, like overexpansion and failing to keep up with consumer demands? Perhaps a combination of factors played a role? Understanding the underlying issues that led to Circuit City's demise can provide valuable insights for businesses operating in similar industries today.