Circuit City has been one of the hardest hit electronic’s retailers in this economy. After announcing the closing of many of it’s stores in November and saying that they would not be shutting down additional stores in December, looks like they will be closing down more after all.
The company’s CEO admitted that liquidation might be a very real possibility if a sale of the company didn’t occur by January 16th, and well, time’s up. According to a report from the AP, the once giant electronics retailer will be forced to liquidate after all, which is good news for bargain hunters and bad news for employees.
Apparently it will liquidate 567 of its US stores after failing to secure a buyer or refinancing deal.
[iht]
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circuit city, liquidated, liquidation, out of business
Its not surprising to see this happen. When i go into Circuit City, Best Buy, etc.. prices are always way higher than if you buy the same thing online. Often i’ll go into the store, check out a product, and then buy it from Amazon and save 25-50% .. I’ve been using this site to find some good deals online:
http://www.zingsale.com
It’s a free service that tracks prices of products from online stores (like amazon) and sends you an email when the price drops.