Circuit City has had a really rough 2008. First it saw a bid from Blockbuster, then some Sony trucks turned around on them failing a delivery due to bad credit, then they closed 155 of their stores, and finally, filed for Chapter 11 bankruptcy protection. There's one final note to this sad tale: the chain is now shutting down completely. In retrospect, maybe a Blockbuster acquisition would've been a good idea.
They announced today they will be liquidating their remaining 567 U.S. stores after failing to find a buyer or figure out a refinancing deal. At the time CC filed for bankruptcy protection, they held 5-10% of the US video game sector. Circuit City was the nation's second biggest electronics retailer.
There doesn't seem to be any specific liquidation sale on their website, as one might expect, though its Canadian subsidiary The Source has an up to 70% off event.
