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After Circuit City announced that it's closing this week, I heard more than one person contemplate stopping by to see if there are any bargains to be had. The Sunday ad circulars came out in the ...
Circuit City Corporation, Inc., formerly Circuit City Stores, Inc., is an American consumer electronics retail company, which was founded in 1949 by Samuel Wurtzel as the Wards Company, operated stores across the United States, and pioneered the electronics superstore format in the 1970s.
The closing locations were chosen based upon their overall performance, profitability, and proximity to competitors such as Best Buy, Fry's Electronics, Micro Center, and Circuit City. This first round of closings reduced the number of stores to less than half of its previous number.
A closeout or clearance sale (also called a closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy . [ 2 ]
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Circuit City was later closed and replaced with Ultimate Electronics in 2010, although the chain soon went out of business the following year. [6] Steve & Barry's became Jo-Ann Fabrics that same year. [7] In 2013, the mall was sold once again, this time to California-based Vintage Real Estate for an undisclosed price. [8]
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