Circuit City announced that it will be going out of business,
leaving dozens of employees at the Highlands Ranch store out of
work.
The announcement Jan. 16 came on the heels of an attempted
restructuring after filing for Chapter 11 bankruptcy protection in
November, in which three Colorado locations, including one in
Parker, were liquidated. The Parker store closed just before the
end of last year.
The move means 34,000 Circuit City employees nationwide will
lose their jobs. The liquidation of the chain’s 15 Colorado stores
could begin as early as Jan. 17. Circuit City says it will honor
all gift cards with full redemptions during the liquidation.
