Saturday, January 17, 2009

Circuit City, Lacking a Buyer, Will Shut Down - NYTimes.com

Yikes

The company, which filed for bankruptcy protection in November but had hoped to emerge in a slimmed-down form, said instead that it would liquidate all its stores and assets.

Most of the chain’s 34,000 store employees will be laid off. Closing sales will begin as early as Saturday and will last until the merchandise is gone or about the end of March.

Circuit City, Lacking a Buyer, Will Shut Down - NYTimes.com

Post a Comment