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Many locations are reportedly closed already after running out of inventory

The saga of Circuit City trying to save itself from extinction has been rather long and drawn out. The company first tried to sell to Blockbuster, which didn’t work out. The company then said it would close select stores around the country and proceeded to do so.

However, it took little time for the electronics retailer to come back and announce that it was in fact going to be closing all of its locations around the country. The employees were let go and liquidation firms came in to attempt to move the massive inventory left over by the defunct retailer prior to finally closing the doors of all locations.

According to the liquidation firms, the final day for operation of any Circuit City location will be Sunday March 8. Some locations are already shuttered up after running out of inventory to sell. So far, the massive liquidation sale that began in mid-January 2008 has moved $1.7 billion in inventory.

Scott Carpenter from Great American Group said in a statement, "Thanks to record shopper turnout at many of the store locations and the attractive discounts offered on all merchandise, the sales actually went quicker than we expected."

Some locations may be operating throughout the weekend making for the best deals you will find before Circuit City is nothing but a memory.

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By mmntech on 3/8/2009 10:50:24 AM , Rating: 3
The store is going to continue operating in Canada under "The Source by Circuit City" label. It's been bought out by Bell Canada. It will put a heavier emphasis on Bell's wireless products but will keep selling what it currently does. For those who don't know, The Source is similar to Radio Shack.

RE: Canada
By Flunk on 3/8/2009 1:31:47 PM , Rating: 2
"The Source" used to actually be Radio Shack Canada up until a few years ago when Radio Shack decided that they didn't want to license the name to the operations new owners (Circuit City) any longer.

Bell secretly buying a well known retailer to try to move their inferior wireless products is exactly what I'd expect from them. They don't seem to know the meaning of the word ethical.

RE: Canada
By TomZ on 3/9/2009 8:22:24 AM , Rating: 2
How is that unethical?

RE: Canada
By gmyx on 3/9/2009 11:11:43 AM , Rating: 2
It gets better: The Source sells their competitor products, Star Choice, Videotron (Quebec) and Rogers.

If found it amusing that Bell would buy this company shortly after their own buyout failed and are facing HUGE costs in that. I guess they are looking at another way to provide bad service at high cost

I hate Bell! Never like RadioShack - The Source. Both have bad service and cost alot. Unfortunately, Bell has a monopoly in telephone infrastructure and uses it to suppress others. (i.e. DSL providers being throttled).

RE: Canada
By mmntech on 3/9/2009 1:41:14 PM , Rating: 2
My mom's best friend works for Bell. Yep, they're in a lot of trouble. They were trying to push their older employees into early retirement, including my mom's friend. She's not even 50 yet. Remember they bought all those TV stations last year? Now CTV (owned by Bell) is laying off a whole bunch of people. Of course they're still in better financial shape than Global. oof. Bell's biggest problem is their customer service, or lack there of. Their DSL is trash too.

I usually buy stuff like flash cards and USB keys at The Source because they're the cheapest and I don't have to go out of town. I'd never buy something like a cell phone there though. I'm with Rogers/Fido anyway. Bell doesn't carry the iPhone. Thank god. :p

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