Circuit City is liquidating. No buyer, no merger, no "reorganization"; they're throwing their stuff on the curb and selling it. 30,000 people will lose their jobs. I didn't even like the store, and I feel bad for them.
Liquidators will now sell off the firm's assets. The announcement comes two months after the firm was forced to seek bankruptcy protection.
Some 567 Circuit City stores will now shut for the last time. About 155 stores had already closed in December.
Circuit City vice chairman James Marcum said the decision was "regrettable".
More detail here.
Bookmarks