reuters.com - 1/16/2009
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ATLANTA (Reuters) - Bankrupt retailer Circuit City Stores said on Friday it will liquidate its assets after it failed to reach a deal with creditors and lenders regarding a potential sale of the company. Circuit City, the second-largest U.S. specialty electronics retailer, was due to present the ...
circuitcity.com - 1/18/2009
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circuitcity.com —
Due to challenges to our business and the
continued bleak economic environment, Circuit City is going out...
of business and the company's assets will be liquidated to pay off creditors. The process was extremely difficult and we were left with no other ...
(more)
Circuit City
money.cnn.com - 1/16/2009
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money.cnn.com —
NEW YORK (CNNMoney.com) -- Bankrupt electronics retailer Circuit
City Inc. said Friday it has asked for court...
approval to close its remaining 567 U.S. stores and sell all its merchandise. The company said it has 34,000 employees."We are extremely ...
(more)
Circuit City seeking to liquidate - Jan. 16, 2009
msnbc.msn.com - 1/16/2009
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msnbc.msn.com —
Circuit City Stores Inc. agreed with liquidators on
Friday to sell the merchandise in its 567 U.S....
stores after failing to find a buyer or a refinancing deal.
(more)
Circuit City to liquidate U.S. stores
Comments
Blog Reactions
Circuit City goes into liquidation: no buyer found in time
SlashGear —
... Rejection is a difficult thing, and for Circuit City it means liquidation. The ailing retailer had until today, January 16th, to find a buyer, but with none forthcoming it’s expected to inform the Richmond, Virginia, Bankruptcy Court that it has no option but to close down. That means 567 Circuit City stores will be liquidated, meaning plenty of new year bargains but also plenty of new year unemployment. ...
End of an era: Circuit City to close *all* its stores
CrunchGear —
We hardly knew you, Circuit City, but word today is that you’ll be completely liquidated. You will be missed, sorta.
Yeah, so even though Circuit City had already closed more than 150 stores—my local one remained open—it’s been decided that all of the stores are to be closed. I guess that leaves Best Buy as the only national electronics retailer, right?
I always used to go to Circuit City when I wanted to pick up a game or whatever, since there was hardly any line and there was never a shortage. (That’s ...
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