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Circuit City Closes Today
By
Jen Chung
Published Mar 8, 2009
Modified Mar 8, 2009
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By
Jen Chung
Published Mar 8, 2009
Modified Mar 8, 2009
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Nearly two months after announcing its plan to liquidate—and four months filing for Chapter 11—electronics retailer Circuit City is closing its doors today. The AP reports, "Circuit City was slated stay open until the end of the month, but the final day came early because most of the remaining merchandise has been sold. One of the liquidators (four were handling the sale of CC's merchandise) told Bloomberg News, "Overall, we are pleased with the way things went." Some consumers, on the other hand, might not have been happy with the liquidation sales, such as a Minnesota family that claims they were prevented from opening a TV box to see if it was damaged...only to go home and see it was shattered. The chain leaves behind a number of locations (some rather large) in NYC; it's unclear what stores will fill them in this real estate market.
Tagged
bankruptcy
Circuit City
going out of business
real estate
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
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