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Going-out-of-business sales at all of the electronics retailer's 567 stores across the US began January 17, 2009 and were initially expected to last up to eight weeks. The sales have continued daily since then in order to liquidate Circuit City's $1.7 billion in retail inventory, the company said.
Scott Carpenter, executive vice president, director of operations for Great American Group, which has been overseeing all the sales activity as part of a joint venture group, said: "Thanks to record shopper turnout at many of the store locations and the attractive discounts offered on all merchandise, the sales actually went quicker than we expected."
The other three companies partnering with Great American Group to handle the liquidation are SB Capital Group, Tiger Capital Group, and Hudson Capital Partners.
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