Liquidation Sales at Circuit City
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For the general public, there may be some unexpected bargains at the Circuit City liquidation sales. The store will try to move all of its stock:
“The liquidation sale starts today at Circuit City, the largest retailer to be upended by the widening financial crisis, yet another hit to a local economy pounded by the bankruptcies of two department stores — Mervyns and Gottschalks.
The company announced Friday it would close its 567 stores in the U.S., including one in Santa Cruz County, after attempts to sell the business failed.”
link: Circuit City liquidation sale to start today
For thousands of employees, this means seeking new jobs in a poor economy. There is no government bailout for this retailer and it becomes listed as another failed business.
Catherine Forsythe
One Comment
Allin Bond
January 17th, 2009
at 8:52am
It is a shame. However, Look at the bright side. They will have Good deals and maybe their misfortune can help spark some consumer spending.