Which circuit city stores are liquidating

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[More] Back in 2009, the medium-box consumer electronics chain Circuit City closed.Systemax, the owner of Tiger Direct, acquired the brand’s website and customer list, and kept it going until 2012.It filed for bankruptcy and liquidated in 2009, then returned as an online-only brand just a few months later.When the new owner liquidated in turn, the new owners made a shocking announcement: they planned to revive the brand as a retail chain of brick and mortar stores.The Dallas-based movie-rental chain made a takeover bid of more than

[More] Back in 2009, the medium-box consumer electronics chain Circuit City closed.Systemax, the owner of Tiger Direct, acquired the brand’s website and customer list, and kept it going until 2012.It filed for bankruptcy and liquidated in 2009, then returned as an online-only brand just a few months later.When the new owner liquidated in turn, the new owners made a shocking announcement: they planned to revive the brand as a retail chain of brick and mortar stores.The Dallas-based movie-rental chain made a takeover bid of more than $1 billion with plans to create a 9,300-store chain to sell electronic gadgets and rent movies and games, but then withdrew the bid in July because of market conditions. Bankruptcy Judge Kevin Huennekens had given the company permission to liquidate if a buyout was not achieved.In recent days, it was suspected that Golden Gate Capital, a San Francisco private equity firm, may have purchased the retailer, but it was unable to raise funds for the purchase, sources told CNBC. Just as more and more homes have wound up in foreclosure, more and more companies are being liquidated.Virtually every large company that filed for Chapter 11 in the past year intended to reorganize.

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[More] Back in 2009, the medium-box consumer electronics chain Circuit City closed.

Systemax, the owner of Tiger Direct, acquired the brand’s website and customer list, and kept it going until 2012.

It filed for bankruptcy and liquidated in 2009, then returned as an online-only brand just a few months later.

When the new owner liquidated in turn, the new owners made a shocking announcement: they planned to revive the brand as a retail chain of brick and mortar stores.

billion with plans to create a 9,300-store chain to sell electronic gadgets and rent movies and games, but then withdrew the bid in July because of market conditions. Bankruptcy Judge Kevin Huennekens had given the company permission to liquidate if a buyout was not achieved.In recent days, it was suspected that Golden Gate Capital, a San Francisco private equity firm, may have purchased the retailer, but it was unable to raise funds for the purchase, sources told CNBC. Just as more and more homes have wound up in foreclosure, more and more companies are being liquidated.Virtually every large company that filed for Chapter 11 in the past year intended to reorganize.

The electronics retailer has been on a downward spiral since filing for Chapter 11 in November. A joint venture group consisting of Great American Group, SB Capital Group, Tiger Capital Group and Hudson Capital Partners will conduct going-out-of-business sales.Late last year, Systemax decided to shut down its technology business, and that included selling the twice-defunct Circuit City brand.Knowledge, experience, and a commitment to excellence.Here are 10 other retailers that recently announced store closings or declared bankruptcy.Macy's: The nation's largest department store chain plans to shutter 11 underperforming stores in nine states. Macy's December same-store sales declined 4 percent in December and 4.6 percent year-to-date.Calls to the Richmond, Va.-based company and the liquidators were not immediately returned.

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