Electronics retailer Circuit City Stores reached an agreement with liquidators on Friday to sell the merchandise in its 567 U.S. stores after failing to find a buyer or a refinancing deal.
The company - which had been the nation's second-biggest consumer electronics retailer, employing about 35,000 employees - appointed Great American Group, Hudson Capital Partners, SB Capital Group and Tiger Capital Group as liquidators.
Calls to the Richmond, Va.-based company and the liquidators were not immediately returned.
Circuit City filed for Chapter 11 bankruptcy protection in November as vendors started to restrict the flow of merchandise ahead of the busy holiday shopping season.