news.prnewswire.com - 1/16/2009
—
RICHMOND, Va. , Jan. 16 /PRNewswire-FirstCall/ -- Circuit City Stores, Inc. announced today that it will seek Bankruptcy Court approval to begin the process to liquidate the assets of the company. "We are extremely disappointed by this outcome. The company had been in continuous negotiations ...
circuitcity.com - 1/16/2009
—
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
—
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
—
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
Comments
Blog Reactions
Circuit City ist kaput
Boing Boing Gadgets —
... continuous negotiations regarding a going concern transaction. Regrettably for the more than 30,000 employees of Circuit City and our loyal customers, we were unable to reach an agreement with our creditors and lenders to structure a going-concern transaction in the limited timeframe available, and so this is the only possible path for our company," said James A. Marcum, vice chairman and acting president and chief executive officer for Circuit City Stores, Inc.
Circuit City Stores, Inc. to Liquidate [PRNewsWire.com]
Image: *bri* ...
Circuit City Calls It Quits, Plans To Liquidate Assets; 30,000 Employees Let Go
paidContent —
... ) had tried to acquire Circuit City last year but the overtures were rejected. Although it eventually warmed to a deal, going to saf as to open up its books to Blockbuster, the talks between the two went nowhere. Release ...
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 ...
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 ...
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 fire over 3,400 workers - U.S. business- msnbc.com
msnbc.msn.com 1/16/2009 — RICHMOND, Va. - A new plan for layoffs at Circuit City is openly targeting better-paid workers, risking a public backlash by implying that its wages are as subject to discounts as its flat-screen TVs. The electronics retailer, facing larger ...
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 ...
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 ...
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 ...
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. ...
Follow TechBlips on Twitter
