The troubled 60-year-old electronics chain tried its best to survive bankruptcy, but to no avail; now, it will liquidate its merchandise and close all 567 remaining stores.Bloomberg reports that Circuit City Stores Inc. has hired a quartet of liquidators to sell off its existing merchandise, pending a green light from the courts. If everything goes [...]
Posts Tagged ‘Circuit City Report’
Circuit City Liquidation May Be Hard For Co,Mixed For Rivals
January 16th, 2009 |
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NEW YORK -(Dow Jones)- The liquidation of Circuit City Stores (CCTYQ) may end up being a tough sell for the company itself and is sure to carry impacts for its competitors, retail consultants said.
The second largest electronics retailer behind Best Buy Co. (BBY) may not be able to draw foot traffic even with going-out-of-business sales [...]