Friday, January 16, 2009

Circuit City Gives Up

Circuit City, who recently filed for bankruptcy, is seeking permission to liquidate all assets. The company was hoping for a buy-out, but no firms have emerged. Circuit City finds it impossible to pay off creditors. The company will permanently close all remaining 567 stores and cease operations. The sale is expected to start tomorrow and will run until March 31. I would start scoping out your local Circuit City now for some possible deals.

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