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WEDNESDAY, NOVEMBER 25, 2009
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Circuit City to Liquidate US Stores

Everything must go

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(AP) – Circuit City will liquidate all 567 of its US stores after failing to find a buyer or a refinancing deal, the AP reports. The nation's second-biggest electronics retailer employs more than 30,000 people. Calls to the Richmond, Va.-based company and its designated liquidators were not immediately returned. Circuit City filed for Chapter 11 bankruptcy protection in November and received court permission to liquidate if it couldn't be sold.

Brian Morgenstern talks on a telephone with a member of the media as he stands outside the Circuit City store where he works Tuesday Dec. 23, 2008, in New Jersey.
Brian Morgenstern talks on a telephone with a member of the media as he stands outside the Circuit City store where he works Tuesday Dec. 23, 2008, in New Jersey.   (AP Photo/Mel Evans)
In this Nov. 11, 2008 file photo, a worker holds an sign promoting the store-closing sale at the Circuit City store in Mayfield Heights, Ohio.
In this Nov. 11, 2008 file photo, a worker holds an sign promoting the store-closing sale at the Circuit City store in Mayfield Heights, Ohio.   (AP Photo/Amy Sancetta, file)
Passers-by and shoppers walk past the entrance to a Circuit City electronics store, in Boston, Thursday, Dec. 18, 2008. The Richmond-based electronics retailer was scheduled to auction leases on store locations Thursday as part of its Chapter 11 bankruptcy protection proceedings, but too few bids came in to hold the...
Passers-by and shoppers walk past the entrance to a Circuit City electronics store, in Boston, Thursday, Dec. 18, 2008. The Richmond-based electronics retailer was scheduled to auction leases on store...   (AP Photo/Steven Senne)
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