First we told you aboutCircuit City filing for bankruptcy, with the closing 155 stores following that.Later we used that to our advantage, snapping up discounted games from those closing stores. Now it seems that the inevitable has happened, and all stores are now to be liquidated.
MSN Moneysays that everything goes after the company failed to attract a buyer. Three companies were looking to snap up the failing retailer, but the poor holiday performance must have scared them off.
Now Circuit City is closing all of its 567 stores and laying off over 30,000 workers. The shareholders? Fu*ked. They follow in the steps of several other American retailers to close their doors in 2008, but the first that is tied to the gaming industry. MSN Money points out that Best Buy, Amazon, Wal-Mart and others stand to benefit from their closure.
This probably isn’t the best time to point this out, but you’re sure to find a good deal on games, televisions, and other related goodies at your local liquidating Circuit City. Tell us if you see anything good.
Here’s what Bloomberg News says: Going-out-of-business sales at Circuit City’s remaining U.S. stores will start tomorrow and end by March 31. Go, go!
