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Circuit City fails to find buyer; will close all US stores

Found in: Bankruptcy, Store Openings & Closings
Friday
January 16, 2009
2 Comments

It is now reported the Circuit City has failed to find a buyer willing to take over their store operations and instead has reached a deal with a liquidator. The electronics retailer filed for Chapter 11 bankruptcy protection in November and closed 155 stores in Q4 of 2008. They will now close the remaining 567 stores in the United States. Adding to the growing US job loss numbers, up to 35,000 people will be affected by these store closings.

2 Comments

  1. rGuy
    #1

    What????? No Government Bailout???? Absurd!!!

    Comment left January 16, 2009 at 2:51 pm
  2. More Retail Layoffs - No Turn On Red
    #2

    [...] don’t forget that last week Circuit City announced that they are closing all US operations with job losses effecting up to 35,000 [...]

    Pingback left January 26, 2009 at 12:36 pm

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