circuit city logoAfter only two months in bankruptcy protection, Circuit City has announced they will be closing their doors for good.

According to the New York Times, Circuit City is awaiting final approval from a federal bankruptcy judge, but they may begin liquidating their 567 stores as early as tomorrow, Saturday January 17th.  With those stores closing down, the company will also close out all 30,000 of their employees.

While it may be tempting to run out and partake in this liquidation sale, do use caution.  Remember there will be no returns, it is unlikely any warranties you bought through the company will be honored after they close and, if you have gift cards, make sure to use them as quickly as possible.

While Circuit City has had a spotty reputation, it is always sad to see this many people losing their jobs, and this many more empty store fronts across the United States.

Categories: News, Shopping   
 

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