news.cnet.com - 1/18/2009
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After Best Buy mega-stored Circuit City to oblivion, the hapless retailer has quickly gone to pieces.
On Friday, Circuit City said it was liquidating all of its stores . Then, on Saturday there was a big liquidation sale at my local Circuit City--up to 30 percent off. The checkout line was ...
circuitcity.com - 1/16/2009
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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
newsroom.circuitcity.com - 1/16/2009
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newsroom.circuitcity.com —
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to briefcase File is in Briefcase Add to briefcase Previous Release Circuit City Stores, Inc. to Liquidate RICHMOND, Va., Jan 16, 2009 /PRNewswire-FirstCall via COMTEX ...
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Circuit City Stores, Inc. to Liquidate
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Blog Reactions
Linkpost | 1.18.2009
TechBlog —
... • Bedlam breaks out at Circuit City - On Saturday, liquidators took over Circuit City stores, with big sales and bigger lines at the checkout. • ...
The Scene Inside Circuit City: "Close to Pandemonium" [Circuit City]
Kotaku —
... (about 15 minutes) pleading ignorance and searching for a manager who never (apparently) materialized." Anyone been out to their local Circuit City? I hear the deals they're offering aren't as awesome as you might expect from a liquidation. That and, frankly, the fact they're getting rid of everything a month after everyone blew out their credit cards on Christmas makes me wonder just what they'll manage to get out of this. But people are showing up to pick over the bones at least. Bedlam Breaks Out at Circuit City [CNET]
Circuit City Mania: Shoppers Rush Liquidation Events (CC)
Silicon Alley Insider —
... CNET: Consumers swarming everywhere: every one of them with at least a few breathless questions and scant employees to provide answers. And consumers seemingly snapping up anything that wasn't nailed down. ...
Liquidation Overlords, Utter Chaos Have Taken Over Circuit City [Circuit City RIP]
Gizmodo —
... everywhere," breathless with questions for employees who were not there to answer them • Questions for managers were directed to the liquidators; they had no power there anymore • • "One male employee in the section I was browsing, spent most of the time I was there (about 15 minutes) pleading ignorance and searching for a manager who never (apparently) materialized," said a source at CNET. Deals were reportedly about 10% off, 20% on movies. Hellish. [CNET via Kotaku — Thanks, Vince!]
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Circuit City Under Siege
Technologizer —
... saw lines like it when CompUSA, Good Guys, and other defunct chains held their liquidation sales–but perhaps today’s economic climate is leaving shoppers obsessed with finding bargains.) I joined the line, and got the impression that other folks had joined it in part because they saw a line and figured it was worth joining. (Or at least the woman behind me seemed unclear on the concept–she asked what was going on in the store, and why were were all queuing up.) A CNet reporter said he found “pandemonium” inside a Southern California Circuit City ; this one, just to the south ...
Long lines, few bargains as Circuit City fire sale begins
Yahoo! Tech Advisors —
... after 60 years of business. (Based on the 600-plus comments on my Circuit City post Friday, many disgruntled shoppers are more than happy to see the chain go under.) Reports from the various shopping fronts detail long lines at the more than 500 remaining Circuit City stores over the weekend, with CNET News.com witnessing "pandemonium" at a southern California stores ("consumers swarming everywhere … seemingly snapping up anything that wasn't nailed down"), while ...
Related: Circuit City
Circuit City in talks for self-sale
electronista.com 1/9/2009 — Circuit City on Friday morning made public that it's currently in talks with an unnamed company to potentially sell off its assets following its bankruptcy. The retailer declines to provide any more details than required by a hearing pushing the ...
Circuit City To Close All Stores; More Than 35,000 Jobs Lost
blogs.barrons.com 1/16/2009 — So long, Circuit City (CC) .
In a bankruptcy court filing, the electronics retailer disclosed that it has reached a deal with liquidators to sell the remaining merchandise in all 567 of its U.S. stores after failing to find a buyer or a ...
Circuit City Liquidates Remainder of Stores
gearlog.com 1/16/2009 — Things just went from bad to worse for Circuit City. The electronics retail chain announced today that it will begin liquidating its assets. The news follows a declaration of chapter 11 in November, and a subsequent failed attempt to sell itself off ...
Circuit City to Liquidate, Prices May Go Up to MSRP [Circuit City]
i.gizmodo.com 1/16/2009 — After failing to find a buyer or a refinancing deal, Circuit City will be liquidating the merchandise in its 567 US locations. This is the end. A source in the know informs us that no matter how exactly things move forward from here (it's still ...
Circuit City Liquidation Madness
gadgetreview.com 1/19/2009 —
I was cruising around Santa Monica today running a few errands when I crossed paths with the now defunct Circuit City . As you can see they’re making people stand outside even though the store itself isn’t very busy. I didn’t ...
If every day were a Circuit City liquidation sale…
blogs.zdnet.com 1/19/2009 — Circuit City stores are a bit busy as the company liquidates its inventory.
Perhaps if there were a liquidation sale every day Circuit City would have survived.
Circuit City said Friday it would liquidate and a day later its stores were ...
Circuit City Closeout Deals Aren't Deals At All [Circuit City]
i.gizmodo.com 1/19/2009 — Those poor saps who bumrushed Circuit City this weekend thinking they'd save money on a TV were paying more—before sales tax—for than most online stores, according to HDGuru and our own quick survey. Gary at HDGuru checked out a store in ...
Bedlam breaks out at Circuit City —
CNET News - Business Tech
After Best Buy mega-stored Circuit City to oblivion, the hapless retailer has quickly gone to pieces.
On Friday, Circuit City said it was liquidating all of its stores . Then, on Saturday there was a big liquidation sale at my local Circuit ...
Circuit City goes titsup —
The Register
Seeks court approval to liquidate assets The bankrupt US retail giant Circuit City will be fully liquidated after the company failed to find a buyer in time.…
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