Circuit City Shutting Down Remaining 567 Stores

By Nick Breckon, Jan 16, 2009 12:31pm PST After filing for bankruptcy last year, electronics retailer Circuit City will close the doors of its last 567 stores, putting 30,000 employees out of work, according to the AP.

Circuit City had been looking for a buyer, with two parties looking to acquire either 350 stores or 180 stores, but the deals eventually fell through.

"This is the only possible path for our company," said Circuit City acting CEO James A. Marcum. "We are extremely disappointed by this outcome."

Close-out sales will begin as early as Saturday.

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  • They opened a Circuit City in my town directly across the street from the largest electronics/furniture/appliance store in a 200 mile radius. It was the most stupid thing I have ever seen. They open this store with 2-3 cash registers, less then half the floor space/selection, and every time I went in there, there were like 3-4 people people.

    Meanwhile the store across the street(Nebraska Furniture Mart), the store thats been around for decades, you've got at least 10-15 registers and an army of personnel(bout 4 warehouses on site). On top of that, people drive miles and miles just to shop here it's so popular.

    And some moron at CC thought it would be a good idea to build a freestanding/costly building in there front lawn! I think they lasted about 2 years, maybe more. Maybe 3-4 cars in the parking lot at any given time.