U.S. consumer electronics retailer Circuit City, one of the nation's best known retail names, announced today that it will officially have to liquidate its assets, having failed to find a buyer to keep it afloat after more than two years of flagging sales.

Going-out-of-business sales will launch Saturday at Circuit City's 567 remaining stores, so be sure to go out and find yourself a good deal, and remind any employees you speak with (Circuit City employs over 30,000 people) to come join our little powwow here on Pink Slipped!

--Posted by Steven Schiff, Vault News & Commentary