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.