Terry Olaes
I Used to be the [H] News Guy
- Joined
- Nov 27, 2006
- Messages
- 4,646
Will the last person out please turn off the lights? Circuit City officially ends its existence today as the liquidation firms that have been clearing the shelves get rid of their last few items (some locations are already closed due to selling off all the inventory) and shut the doors permanently. Bye bye, big red box.
So far, the massive liquidation sale that began in mid-January 2008 has moved $1.7 billion in inventory. Scott Carpenter from Great American Group said in a statement, "Thanks to record shopper turnout at many of the store locations and the attractive discounts offered on all merchandise, the sales actually went quicker than we expected."