Circuit City to shut down
News | January 17, 2009 1:37 pm
By Shockwave
Bankrupt electronics retailer Circuit City Inc. said Friday it has asked for court approval to close its remaining 567 stores and sell all its merchandise.
The company said it has 30,000 employees.
In a filing with the U.S. Bankruptcy Court for the Eastern District of Virginia, Circuit City - the No. 2 electronics retailer after Best Buy - said it had reached an agreement with four companies to start the liquidation process.
The company said it the sale would begin Saturday and run until March 31, pending court approval.
Sad to see them go they had better deals the best buy ever does!
The company said it has 30,000 employees.
In a filing with the U.S. Bankruptcy Court for the Eastern District of Virginia, Circuit City - the No. 2 electronics retailer after Best Buy - said it had reached an agreement with four companies to start the liquidation process.
The company said it the sale would begin Saturday and run until March 31, pending court approval.
Sad to see them go they had better deals the best buy ever does!
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