Circuit City Liquidation

Although they are accepting offers from buyers who intend to keep the retail operation going — Bloomberg reports that Circuit City is taking bids from liquidators — including the notorious Gordon Brothers (of CompUSA fame.)

Circuit City Stores Inc.s assets may be bought by companies that would sell off remaining merchandise and shut down the second-largest U.S. consumer-electronics chain, according to two people familiar with the planned bids.

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Hilco Merchant Resources LLC, Great American Group LLC and Hudson Capital Partners are part of two separate groups of liquidators that planned to submit offers for the retailer, said the people, who declined to be identified because the auction process isnt public. ... Gordon Brothers Retail Partners LLC and Tiger Capital LLC also are among potential buyers that would liquidate Circuit Citys assets, the people said. Liquidators buy the assets of distressed companies, which can include unsold merchandise, store displays and shelving, computer systems and other technology. Circuit City leases most of its stores.
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Category:

News & Politics

Tags:

• circuit
• city
• death
• watch
• gordon
• brothers
• liquidation
• liquidators
• bankruptcy
• top
• retail
• electronic

[helliott25]

Its pretty cut and dry. You go into best buy and tell them i need a cable and they send you to a certin part of the store. You go into circuit city and they ask well what kind of cable and what will it be used for and direct you to the proper one. Best Buy is a fucking joke!

[emforty2]

CC suck

[tangel476]

@jakesports10

That's the fair price of capitalism!

[Fox5NewsDC]

I Miss My Old Store..

I fucking hate working a best buy....

Every time some asswhole co worker has to go like:

Hahaha We Beat Your Store :P

So basicly im working in a fucking mc donalds now.

[cszkirka]

hey BEST BUY felt so bad that they had on there doors, DO TO THE TRAGIC LOSS OF CIRCUIT CITY WE WILL NO LONGER TRY TO MATCH ANY OTHER STORES PRICES!!!!!! BEST BUY YOU THINK THAT YOU PUT CIRCUIT CITY OUT OF BUSSINESS????????? AND ALL THIS TIME I THOUGHT IT WAS AN ACT!!!!!!!!!! !@#$%^&* GET OVER IT BEST BUY!!!!!!!!!!!!!!

[jakesports10]

Best Buy sucks. More than circuit city! They actualy used to give you good deals!

[KurtSam02]

I miss my Circuit City...haha....not really.

[452ridgewood]

curcuit city will be missed

[adejesus212]

this sucks circuit city is so awesome i know people will come in on this and say best buy this best buy that when u go into the store i work in they help u and dont sell u things u dont need but things u need im sorry for those who getting laid off stay up