Electronics retailer Circuit City received approval to auction or break its leases on Friday. A bankruptcy judge gave the failing chain of 567 U.S. stores "permission to begin the auction process," the AP reports.
Circuit City filed for bankruptcy in November and announced it would liquidate last month. Circuit City lawyer Gregg Galardi said the stores' liquidation sales were going "much faster and better than originally thought." The sales are expected to continue through March, and then the stores will be closed. The chain also got approval to "sell defective or damaged merchandise through online auctions or to seek an agreement with another company to sell the merchandise."
Here's Consumerist's FAQ on dealing with Circuit City during its bankruptcy. And we visited a store recently—the liquidator-set prices weren't that great! In fact, Best Buy and Amazon seemed to have better deals.
