Circuit City, not content with merely closing a billion stores and filing for bankruptcy, has decided that the best place for itself is on the auction block. It boasts of two tall, handsome suitors, each champing at the bit to buy the electronics retailer. The company is not averse to selling itself as-is, or splitting itself off and perhaps separately selling some of its units such as its Geek Squad knockoff Firedog.
This announcement comes with some urgency, as the company is facing possible liquidation if it does not complete a sale by next Friday. If that happens, you can look forward to the liquidation company marking up merchandise before marking it down, so you could buy a TV on sale for more than it cost full price from Circuit City itself.
alyx // Jan 9, 2009 at 1:48 pm
I felt the need to make the logo slightly more morbid:
TonyS // Jan 9, 2009 at 1:54 pm
Poor Rover… *sniff*
Jason // Jan 9, 2009 at 2:00 pm
I think I’ll swipe that around 5PM next Friday when nobody has bought CC.
LOLFed » ShortCircuit City - Chapter 7 // Jan 16, 2009 at 10:39 am
[...] City fails to find a buyer, files chapter 7, will be liquidated. 35,000 job losses. Jason saw it coming last week, and it’s finally apropos of the Morbid [...]