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Circuit City to sell furniture, fixtures

Associated Press / February 19, 2009
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RICHMOND - Circuit City Stores Inc., once the nation's second-largest electronics retailer, is selling the furniture, fixtures, and equipment from its headquarters and distribution and service centers to help pay down its debt.

Bankruptcy Court Judge Kevin R. Huennekens yesterday approved an agreement between the Richmond-based company and Michigan's Liquid Asset Partners LLC to sell the assets. They include warehouse and office equipment and electronics from seven distribution centers, four service centers, two corporate offices, and other facilities.

Also yesterday, Hilco Merchant Resources LLC, a Northbrook, Ill., retail consulting and liquidation firm, said it hopes to buy the Circuit City brand name and its website.

Richard L. Kaye, Hilco's executive vice president, did not provide details.

Circuit City spokesman Bill Cimino did not return a phone message seeking comment.

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