Print 18 comment(s) - last by feba.. on Mar 16 at 3:44 PM

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.

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

Sorry toi see Circuit City go ..
By DatabaseMX on 3/12/2009 5:13:13 PM , Rating: 2
In the last 12 years, most of my electronic purchases were done at CC (excluding computers). And in EACH case, the sales people I dealt with were VERY knowledgable about the products I was interested in. And I ask a LOT of questions.

Now, maybe it helps to have an electronics degree with I do, but still ... I always got the information I needed to make decisions.

Most recently circa Dec 2007 ... when I purchased a Sony 40" HDTV at the CC store in Montclair CA ... a kid (~25) named Josh was literally a walking knowledge base on the the products and he was *not* on commission. Everything he told me to the MANY questions I asked turned out to be true. AND ... several months later going back to the store, this guy remembered my full name! This guy was very bright and I'm sure he has found work elsewhere now.


"Well, we didn't have anyone in line that got shot waiting for our system." -- Nintendo of America Vice President Perrin Kaplan

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki