Circuit City Store Closing Sales Now Underway At 154 U.S. Locations

Prices Slashed on Over $300 Million of Famous Brand Consumer Electronics Products for the Home and Office, Just in Time for the Holiday Shopping Season. [The following is a release from Hilco Merchant Resources and Gordon Brothers Group]

November 6, 2008

Circuit City store closing sales have begun, where permitting allows, at 154 locations in the U.S. Over $300 million of high quality, name brand consumer electronics and related products for the home and office are being sold at discounts up to 30%. Consumers can take advantage of outstanding savings on a tremendous selection of merchandise, from TV and home entertainment equipment, to computers and accessories, MP3 and other audio products, cameras and camcorders, video gaming, music and movie media, and more. In addition, store fixtures, furniture and equipment are also being sold. The store closing sale is being conducted by a joint venture partnership comprised of Hilco Merchant Resources and Gordon Brothers Group. Michael Keefe, President and CEO, Hilco Merchant Resources, said, “This sale comes at a perfect time for everyone to enjoy large savings on many of their holiday gift purchases. Consumers who arrive at the start of the sale will certainly have the best selection of products from which to choose and will find great values on everything in the store.” “Merchandise will be marked down to sell fast. Everything must go,” said Stephen Miller, Principal and Managing Director, Gordon Brothers Group. “The timing couldn’t be better for consumers. We don’t expect this sale to last very long.” All sales at the 154 stores being closed are final on items purchased during the store closing event, but normal refund policies will apply to merchandise purchased prior to the sale commencement date. Circuit City gift cards purchased prior to the sale commencement date will be honored, but no gift cards will be sold at the 154 closing stores. Cash and all major credit cards will be accepted. No checks. A complete list of the 154 Circuit City stores being closed at available at: www.hilcomerchantresources.com/circuitcity.asp.

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