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Circuit City can auction its stores

February 14, 2009|Times Wire Reports

Circuit City Stores Inc. received court approval to auction leases or to break them for its remaining properties, including 567 U.S. stores.

The Richmond, Va.-based company announced in January that it would liquidate and cut more than 34,000 jobs after it failed to find a buyer for what was the nation's second-largest consumer electronics retailer.

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