Circuit City RIP

This Sunday, Circuit City will finally shut its doors in the US. While in Canada, Circuit City's chain of more than 750 'The Source' electronics stores are being bought by Bell Canada.

The process of liquidating Circuit City's $1.7bn inventory has been undertaken by four firms in the US - Great American Group, Hudson Capital Partners, SB Capital Group and Tiger Capital Group. Firms like these have been dubbed the undertakers of the retail business by Time magazine. These four liquidators paid some $800mn for Circuit City's merchandise, less than 50% of their supposed value.