Circuit City was unable to find a buyer for their company. So now they are going to have to liquidate all their remaining assets. There will be a huge sale starting this coming Saturday. Although they are going out of business, don’t expect great things necessarily. Remember you won’t be able to return or exchange them since the franchise will be no more. Also do some comparision shopping, because the prices may say 75 percent off, but could still be higher than competitive stores.

This is definitely bad news for the retail industry as less competition never helps prices. It’s also bad for the 30,000 workers who are soon to be unemployed.