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Hoping to scoop up some last-minute deals from the soon-to-be-defunct retailer? Better hurry up, because Circuit City's final weekend is nigh. Just remember: buyer beware. The liquidators behind the massive Circuit City fire sale have announced that the remaining 567 stores will close for good on Sunday, March 8, at the end of the business day. So far, liquidators have sold off more than $1 billion in Circuit City's remaining inventory, according to CrunchGear, with "deeper discounts" expected through the final days. Those who've gone to take a long, last look at the remaining, tattered Circuit City stores have reported...

Circuit City will finally flicker out when its last 567 stores close this year, but the bankruptcy of the nation's second-largest electronics retailer will ripple across the U.S. economy for years. In its wake will be 18.71 million square feet of vacant space in a faltering real estate market. More than 40,000 workers will be jobless, including 7,000 laid off last year. Shopping centers will lose rental income. Suppliers will lose display space. Newspapers already struggling with falling ad revenues will have one less glossy insert in their Sunday editions. Circuit City is bigger by far than any other retailer...

Marked-down merchandise attracts throngs to L.A.-area stores as the bankrupt electronics chain prepares to close. Shoppers eager to grab their share of discounted plasma TVs and Blu-ray DVDs lined up in droves today as Circuit City stores began liquidating inventory. Bankrupt electronics retailer shutting down 567 U.S. stores, laying off 34,000 workers. By late morning, the line outside the Circuit City in Hollywood was almost 100 people long. Carlos Reyes, 24, and girlfriend Diana Anzora, 22, of Los Angeles, lined up to buy video games and DVDs. "We don't want to get anything too big," he said. "You don't want...

NEW YORK (CNNMoney.com) -- Bankrupt electronics retailer Circuit City Inc. said Friday it has asked for court approval to close its remaining 567 U.S. stores and sell all its merchandise. The company said it has 34,000 employees. "We are extremely disappointed by this outcome," James Marcum, acting CEO for Circuit City, said in a statement. "We were unable to reach an agreement with our creditors and lenders to structure a going-concern transaction in the limited timeframe available, and so this is the only possible path for our company." In a filing with the U.S. Bankruptcy Court for the Eastern District...

Circuit City Stores Inc. says it has reached an agreement with liquidators to sell the merchandise in its 567 U.S. stores after failing to find a buyer or a refinancing deal.

Bankrupt electronics retailer Circuit City Stores Inc., after failing to secure financing from its creditors and lenders, said Friday that it will liquidate, joining a list of other retailers like Linens N Things that set plans to fold their operations in the economic downturn.

Bankrupt Circuit City Stores Inc., the nation's second-biggest consumer electronics retailer, said Friday it failed to find a buyer and will liquidate its 567 U.S. stores. The closures could send another 30,000 people into the ranks of the unemployed. "This is the only possible path for our company," James A. Marcum, acting chief executive, said in a statement. "We are extremely disappointed by this outcome." The company had been seeking a buyer or a deal to refinance its debt, but the hobbled credit market and consumer worries proved insurmountable. The liquidation of Circuit City is the latest fallout from the...

Circuit City’s bankruptcy filing is causing concern among U.S. shopping center and mall property owners as they face the prospect of every Circuit City store turning into vacant space, Reuters reports (via Retailer Daily). The No. 2 consumer electronic retailer will continue to operate through the rest of the year, thanks to $1.1 billion of debtor-in-possession financing from existing lenders, led by Bank of America. However, that financing must be brought down to $900 million by Dec. 29, and Circuit City will be forced to use holidays sales proceeds to repay other outstanding loans. The liquidity will get them through...

Circuit City Stores Inc. filed for bankruptcy protection on Monday heading into the busy holiday season as analysts question whether the nation's second-biggest electronics retailer will be able to survive. The company said it decided to file for bankruptcy protection because it was facing pressure from vendors who threatened to withhold products during the holiday period. The company also said it cut 700 more jobs at its headquarters, after announcing a week ago that it would close 20 percent of its stores and lay off thousands of workers. Circuit City filed for Chapter 11 protection, which will allow it to...

NEW YORK (CNNMoney.com) -- Circuit City Stores Inc., the No. 2 electronics seller after Best Buy, filed for bankruptcy protection Monday, thus becoming the latest retailer hurt by a worsening economic downturn. According to the company's Chapter 11 filing with the U.S. bankruptcy court in Richmond, Va., Circuit City (CC, Fortune 500), which currently has 566 operating stores in the United States, will continue to do business and pay its workers while it restructures debt and its business operations. Circuit City said it decided to file for bankruptcy at this time to ensure that it would have "adequate merchandise flow...

Circuit City’s announcement Monday that it was closing 155 stores, or 21 percent of its 721 U.S. locations, and planning to start lease renegotiations for others, will be echoed by numerous retailers throughout 2009, with the total number of stores shuttered in the United States expected to double the figure predicted for this year. By the end of 2008, store closing announcements will total 6,100, according to an October forecast from ICSC. But that figure might reach 14,000 next year, according to industry insiders. Store closings are already projected to be up 25 percent in 2008 compared to 2007, according...

Circuit City plans to move ahead with closures of 155 stores, the Web site Consumerist.com reported Sunday, citing company sources. In addition, the troubled retail giant will withdraw from 12 U.S. markets. According to a letter obtained by the site, some employees have been told they will be let go Dec. 31. In addition, employees told the Richmond Times Dispatch newspaper that the company would announce Monday which stores will close. The store closings plan, then in the planning stages, was first reported last month by the Wall Street Journal.

RICHMOND, Va. (AP) — Ignoring Alfred E. Neuman's mantra of "What, me worry?," Circuit City Stores Inc. temporarily banished the irreverent MAD Magazine from its store's shelves for poking fun at the consumer electronics retailer. But the Richmond-based company said Monday "some overly sensitive souls at our corporate headquarters" had the August issue removed from the 40 Circuit City stores that sell magazines after seeing the four-page spoof of "Sucker City."

Blockbuster Inc, the No. 1 U.S. movie rental chain, said on Monday it has offered to buy electronics retailer Circuit City Stores Inc in an all-cash offer in the range of $6 per share to $8 per share Blockbuster said it made the offer in a February 17 letter to Circuit City's Chief Executive Philip Schoonover on behalf of Blockbuster's board, but that Circuit City had so far failed to provide due diligence. Blockbuster said it was making its proposal public, "because it believes the shareholders of Circuit City should have the opportunity to participate in determining the destiny of...

Blockbuster Plans to Take $1 Billion-Plus Cash Takeover Bid to Circuit City Shareholders DALLAS (AP) -- Blockbuster Inc. said Monday it will take an unsolicited $1 billion-plus bid for Circuit City Stores Inc. directly to the consumer electronics chain's shareholders, saying Circuit City has not responded to repeated offers.......

Walk into the Circuit City in my town, and you'll suddenly get a strange sensation. Look around...you're the only person there. Wait, someone must work here. Hello? Anyone? Then head over to Best Buy, which is packed with customers and ringing up sales.

Circuit City Posts Wider-Than-Expected 3rd-Quarter Loss, Shares Tumble RICHMOND, Va. (AP) -- Shares of electronics retailer Circuit City Stores Inc. lost nearly a quarter of their value Friday morning as investors reacted to a wider-than-expected loss driven by lower extended warranty sales and business interruptions the company blamed on ongoing restructuring efforts. "Clearly we are very disappointed," Chief Executive Philip Schoonover told Wall Street analysts during a conference call. Schoonover said the company underestimated the financial impact of cost-saving initiatives on sales. "Our current focus is to rebuild our selling culture," he said. The results came three days after larger...

Hello Everyone, I am looking to buy a new computer. I have been out of the market for about 5 years now and I am way behind on current tech. I would appreciate any and all advice on what to get. I have included the system I am currently contemplating below. (CybertronPC AMD Gaming PC – AMD Athlon 64 3800+, 1GB PC5400 (667MHz) DDR2, 250GB SATA II, DL DVD±RW, 2 Asus nVidia 7300GT 256MB Video Cards, Gigabit LAN, NO OS, Silver/Black X-Plorer, Speakers) Here is a list of my requirements: Must be below $1,500.00, Video for 2 monitors, DVD Burner,...

<p>Some sales reps at brick-and-mortar retailers convince PC purchasers to buy unnecessary store-made backups.</p> <p>When Ian Griffith of Queens, New York, purchased an HP notebook from a Circuit City store in Brooklyn earlier this year, the salesperson urged him to have the chain's in-store Fire Dog technicians create Windows XP recovery discs in case Griffith needed to reinstall the OS.</p>

Brian Morganstern, the Circuit City clerk whose tip led to the arrest of the “Ft Dix Six” appeared on CNN’s American Morning today. I’ve edited the interview for length. Roberts: You’re being hailed as a hero. How do you feel about that? Morganstern: I don’t feel like a hero, to be honest with you. I feel like I did the right thing. But the real heroes are our men and women overseas, and the people in our law enforcement who handled this situation.

Circuit City fired 3,400 of its highest-paid store employees in March, saying it needed to hire cheaper workers to shore up its bottom line. Now, the Richmond electronics retailer says it expects to post a first-quarter loss next month, and analysts are blaming the job cuts. The company, which on Monday also revised its outlook for the first half of its fiscal year ending Feb. 29, 2008, cited poor sales of large flat-panel and projection televisions. Analysts said Circuit City had cast off some of its most experienced and successful people and was losing business to competitors who have better-trained...

Part of the Circuit City Web site was hacked and used in an attempt to install malicious code on PCs of unknowing visitors, the electronics retailer said Thursday. Cybercrooks were able to break in and modify a home theater message board on Circuit City's Web site, said Bill Cimino, a spokesman for Circuit City of Richmond, Va. Over an approximately two-week period, visitors to the board were subsequently sent to a site in Russia that attempted to install a "backdoor" on their PCs that gives the attackers remote access, he said. Circuit City was made aware of the attack on...

MINNEAPOLIS (AP) -- Retailers who wondered where their customers went during a so-so holiday season might have tried looking in the TV aisles at Best Buy and Circuit City. The nation's two largest consumer electronics retailers both reported strong holiday revenue on Friday driven by surging sales of high-end televisions and larger average purchases. December sales jumped 5.8 percent at Best Buy Co. Inc. stores open at least 14 months. The increase was 10.8 percent at Circuit City Stores Inc. locations open at least a year, a key industry barometer of a retailer's health. Best Buy said fourth-quarter earnings would...

Gizmos land among CES 'mega-trends' as U.S. sales rocket It's all about portable music players and flat-panel TVs. One look around the floor of the Las Vegas Convention Center confirms that, with much of the space devoted to companies pitching all manner of MP3 devices and big- screen televisions. And no wonder - U.S. shipping revenues of portable MP3 players in the first 11 months of last year were up 224 percent over 2004. And sales of flat-panels - LCD and plasma sets - are expected to go from $6 million in 2005 to $10 million this year, helped by...

A national gay and lesbian activist group released a buyer's guide Wednesday that details which large companies have policies that are fair for gay employees. The guide, released by the gay, lesbian, bisexual and transgender civil rights organization Human Rights Campaign, aims to steer consumers away from some brands they say are unfair to gays. "LGBT Americans are changing the policies of corporate America at the checkout line," said Joe Solmonese, Human Rights Campaign president. "The buying guide helps fair-minded consumers make their best choices this holiday season." The 28-page pocket guide groups businesses into categories such as "electronics" and...

Wal-Mart is attacking the business model of the two largest U.S. consumer-electronics chains by offering lower-cost extended warranties. This holiday season, Wal-Mart Stores (WMT ) has made no secret that it's gunning for the nation's two largest consumer-electronics chains, Best Buy (BBY ) and Circuit City Stores (CC ). Wal-Mart has spiffed up the interiors of many of its electronics departments and added a slew of high-end products, from Sony (SNE ) liquid-crystal-display televisions and Toshiba (TOSBF ) laptops to Apple (AAPL ) iPods. It's backing the changes with an aggressive holiday marketing campaign and a big day-after-Thanksgiving sale. But...

DENVER -- Imagine receiving a phone call from a stranger who knew your most private thoughts, knew what you looked like, knew your Social Security number, and even knew how much you make and where you work. That happened to a Colorado woman after she took her computer to a major electronics store. Her situation may be surprising given all the warnings about identity theft. But it's not surprising if you think for a moment about what's on your personal computer. There may be files about your income, business records, taxes, personal e-mails, dirty jokes, pictures and more. It's all...

Just heard on KOA radio that a Cessna Citation crashed on approach to Pueblo Colorado, killing seven. They also mentioned that it was registered to Circuit City in Richmond VA. No other details at this time. It is bad weather along the front range today. This morning there was freezing rain/snow at my house near Colorado Springs, about 45 miles north of Pueblo.

NEW YORK (MarketWatch) -- Blue chips ended at a new high for the year Tuesday, and the Nasdaq posted modest gains as investors cheered better-than-expected data and sustained merger activity, with Circuit City the latest company to become the target of a takeover bid. The Dow Jones Industrial Average (^DJI - News) ended up 46.19 points, at 10,837.32. The Nasdaq Composite Index (NasdaqSC:^IXIC - News) was up 6.30 points, at 2,089.21, but off an intraday high of 2,103.45. Gains for semiconductor (Philadelphia:^SOXX - News) and Internet (CBOE:^GIN - News) stocks helped put a floor on declines. Computer hardware stocks...

On the morning of Feb. 5, Robert Wood waited outside his Circuit City store with a handful of other employees. They had been told to report for a quick meeting before the store opened. Aware that the company was beset with financial difficulties, Mr. Wood was relieved to see that the others waiting were, like him, among the store's top salesmen. A seven-year veteran of Circuit City Stores Inc., Mr. Wood was the second highest-paid performer at the Jensen Beach, Fla., store, moving more than $1 million in computers and consumer electronics last year, he says. He earned $54,000 in...

Va. (AP) - Circuit City Stores Inc., the nation's No. 2 consumer electronics retailer, will sell its private-label credit-card business to Bank One Corp. for $1.8 billion in cash. Circuit City said Tuesday that it is shedding the credit-card operation so it can focus on renovating and relocating aging stores, as well as opening new outlets. In November, the retailer sold a bank-card portfolio to FleetBoston Financial for $1.3 billion. The upcoming sale "further simplifies the investment picture for Circuit City shareholders and allows us to focus our attention on the needed improvements in our retail business," said W. Alan...

CHICAGO June 26 (Reuters) - The family of Mexican billionaire Carlos Slim said on Thursday that Circuit City Stores Inc. (NYSE:CC - News) had rejected a takeover offer, sending shares of the U.S. electronics retailer up sharply amid hopes of a higher price. The $8 per share offer from the Slim family, which owns computer retailer CompUSA and a large stake in upscale retail chain Saks Inc. (NYSE:SKS - News), comes as Circuit City struggles with slumping sales and losses in its credit card operations. The Slim family, whose holdings in Telefonos de Mexico (Telmex) and several other Latin American...