Circuit City has take to their website to give everyone a better idea of what exactly their liquidation means to consumers that have been shopping with them.

As we reported yesterday, the major electronics retailer, started in 1949, has added information on their website to clarify how exactly their liquidation sale will be handled, what it means for people who bought extended warranties through them and more.  The most important point is that sales are beginning today in some stores, but each location will be handled seperately by the liquidation managers, so don’t be surprised if you walk in to one of their stores today and the sale has not yet begun.  If your nearest location has not yet started, it should any time now as all stores should be closed by the end of March.

Possibly the best news to come out of the information they posted was that their extended warranties they sold in the stores are actually handled by a third-party company, Assurant Solutions, and they are in no way involved with the closures.  They will continue to sell new plans through out the closure period for the stores, but make sure you weigh if they are really worth the extra amount you have to pay for them, as we have warned you before.

Not too surprisingly, all sales made during this time period will be final, so make sure you check over all purchases thoroughly before leaving the store.  You don’t want any nasty surprises a week or two down the road when you finally set up whatever it is you purchased.

Gift cards are being honored for their full amount, but if you do not use them by the time of the final closures, they will be worth nothing.  Make sure if you have any laying around that you use them immediately so that you don’t lose out.

All in all there weren’t too many surprises in what they said, but good to have some actual hard facts from the company since so many rumors have been running around since the announcement yesterday.