Circuit City Officially Announces Total Liquidation


circuit_cityIf you’re looking to pick up some electronics, tomorrow may be a good day to get a few good deals provided you can get your hands on them. 

This is what is currently posted on Circuit City’s website:

Circuit City would like to thank all of the customers who have shopped with us over the past 60 years. Unfortunately, we announced on January 16, 2009, that we are going out of business.

Please check back later for updates about the status of our website. In the meantime, we hope the information below will help answer most of your questions.

A few months ago Circuit City announced it was going to be filing bankrptcy, shutting down many of their stores and reorganizing but staying in business.  Apparently they forgot about the recession.

We had hoped to be able to emerge from Chapter 11 bankruptcy protection as a stronger, more competitive company and we made significant progress during the reorganization to improve our business.  Unfortunately, the economic climate is so poor that we have no choice other than liquidation.

Total liquidation.  Employees are getting 60-days pay and a thank you.  This is going to put a lot more people out of work.  

I wasn’t the biggest fan of Circuit City, mainly because their customer service sucked since they made the decision to fire all of their employees who had been with the company for a while and were “making too much money” and replaced them with minimum wage dolts that do nothing but crank up the music in the home entertainment section, which is probably why they’re in this position in the first place, but it’s never good to see a chain this big go out of business.  Best Buy has a virtual monopoly now and less competition will mean less deals.

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