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 - 1/16/2009
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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
news.cnet.com - 1/18/2009
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news.cnet.com —
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 ...
(more)
Bedlam breaks out at 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
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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 ...
Related Content
Best Buy Says Goodbye to Circuit City [Circuit City]
i.gizmodo.com 3/9/2009 — Reader Sean sends in these photos taken outside his local Circuit City store in Almherst, as Best Buy 's Geek Squad pay their final respects to Circuit City. And by that, I mean they bought stuff. Sean tells us that the store was empty down to 3 ...
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 to rise from the ashes to the web?
tgdaily.com 4/8/2009 — Despite its rather dramatic departure earlier this year, Circuit City
may not be entirely gone. An eagle-eyed TG Daily reader told us that
there is a new message on the circuitcity.com website, stating that the
site is only temporarily closed and ...
Electronista | Circuit City files for bankruptcy
macnn.com 12/9/2008 — Circuit City on Monday filed for Chapter 11 bankruptcy in a last-stage bid to remain in business. The move follows an already drastic step to shutter 155 stores and requires the retailer to reorganize the company and its finances to more readily pay ...
More than $1 billion sold at Circuit City fire sales
crunchgear.com 2/19/2009 —
While we failed to find much of anything at the Circuit City liquidation sales, apparently a whole bunch of other people did. The liquidator overloads are reporting that they managed to sell more than $1 billion of Circuit City’s inventory ...
Circuit City files for Chapter 11 bankruptcy
| U.S.
reuters.com 11/10/2008 — NEW YORK (Reuters) - Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy protection on Monday just a few weeks before the start of the key holiday shopping season, becoming the largest retailer to file under ...
Circuit City files for bankruptcy as creditors circle
slashgear.com 11/10/2008 — Circuit City has filed for Chapter 11 bankruptcy protection , in a move to reduce pressure from suppliers and in what could be a final, last-ditch attempt to ride out the ongoing credit crisis. The company, which is the number two electronics ...
Circuit City goes titsup —
The Register 1/16/2009
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.…
Circuit City to liquidate remaining US stores —
SFGate: Technology 1/16/2009
Bankrupt Circuit City Stores Inc., the nation's second-biggest consumer electronics retailer, said Friday it failed to find a buyer and will liquidate its 567 U.S. stores. The closures could send another 30,000 people into the ranks of the unemployed. ...
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