Circuit City to Liquidate
Circuit City's bankruptcy auction will result in full liquidation, the Associated Press reported Friday. The company has appointed four liquidators: Great American Group LLC, Hudson Capital Partners LLC, SB Capital Group LLC and Tiger Capital Group LLC.
The decision marks the end of the road for the second-largest brick-and-mortar CE retailer in the U.S., which was established as a national brand in 1984. The company had been in Chapter 11 bankruptcy since November.