Breaking: Circuit City will Liquidate All Stores

All those gamers who have hoarded their Circuit City giftcards, you may have waited too long to use them.

Circuit City Stores Inc. says it has reached an agreement with liquidators to sell the merchandise in its 567 U.S. stores after failing to find a buyer or a refinancing deal.

The second-biggest electronics retailer in the nation says in court papers it has appointed Great American Group LLC, Hudson Capital Partners LLC, SB Capital Group LLC and Tiger Capital Group LLC as liquidators.

Calls to the Richmond, Va.-based company and the liquidators were not immediately returned.

Circuit City filed for Chapter 11 bankruptcy protection in November. U.S. Bankruptcy Judge Kevin Huennekens gave the company permission to liquidate if a buyout was not achieved

Via Press Release

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4 responses to “Breaking: Circuit City will Liquidate All Stores”

  1. Will Snizek says:

    Circuit City was lame anyway. This should mean some cheap game deals though 🙂

  2. Juan Perez says:

    Until Sunday Online. That’s supposed to be the last day the site will be up.

  3. Aaron says:

    I’m hoping to find some good deals before they go belly up. There’s a couple games I wouldn’t mind buying at the right price =Þ

  4. Will Snizek says:

    I bet they don’t discount consoles, but you never know. I bought a Nintendo DS for $60 at another chain that went out of business last year.

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