Liquidating circuit city

In Monday’s filing, Chief Financial Officer Bruce Besanko said the company hoped to secure financing to continue its turnaround.The company expressed hope it would be able to emerge from Chapter 11 in the first half of 2009."The Source stores have a role to play in the market.They're perhaps not as strong as they were when it was Radio Shack."This is the only possible path for our company," James A.Marcum, acting chief executive, said in a statement.Great American Group LLC, Hudson Capital Partners LLC, SB Capital Group LLC and Tiger Capital Group LLC to start liquidating all of its stores.Sha na na na, na na na, hey hey hey, goodbye, to the dirty, the poorly stocked, the indifferent, the incompetent, the irrelevant.

“Don’t rule anything out yet,” said Jefferies & Co analyst Dan Binder.It also said retail sales at Source stores over the holiday period were above forecast and that the Canadian business remained strong.The Source stores were run independently for many years under the Radio Shack brand until Circuit City bought Inter Tan, which operated much smaller stores mostly in shopping malls and plazas.“Right now, customers are cutting back on spending.” U. home-goods retailer Linens ‘n Things tried to maintain operations by closing a portion of its stores after its May Chapter 11 filing, but finally liquidated altogether.Last week, smaller electronics chain Tweeter filed Chapter 11 and said it was holding store-closing sales.

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