Circuit City, the US retailer of consumer electronics, appliances and PCs, has completely gone out of business as company closed its doors on March 8, 2009 (Sunday).

It should be noted that the closing comes earlier than expected - the company originally projected March 31 as its last day.

According to a company official, the decision has been come early because most of its merchandise either has been sold, or not enough inventories has been left after customers' tremendous reaction to their discounted prices.

On Jan. 16, Circuit City announced it was going out of business and liquidating its assets.

The large retailer, once the second largest electronics chain in the United States, had filed for bankruptcy protection in November after suppliers cut off credit.

The company lost $321.4 million in fiscal 2008 and lost $10.2 million the year before on declining sales, despite a strong holiday season.

The latest move is expected to layoff approximately 34,000 jobs nationwide. Other major U. S. retailers that have closed in recent months include Mervyns, Steve & Barry's, KB Toys, Shoe Pavilion, and Linens 'N Things.