We've just learned of some sad and all out depressing news coming from Circuit City. It was just revealed that all of the remaining 567 U.S. stores will be closing and all of the company's 30,000+ employees are expected to be jobless after Circuit City was unable to find a buyer after filing for Chapter 11 bankruptcy last November. Major bummer ...

The silver lining to this corporate travesty is that all Circuit City stores will be liquidating merchandise including (of course) Xbox 360 hardware and software. The liquidation could start as soon as this Saturday, January 17th, pending court approval. They may not have been the best electronics retailer, but we still loved our Circuit City and their free gift cards. What a craptacular economy.

[Via Game Stooge]

This article was originally published on Joystiq.

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