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Why Is Everyone Talking About Mickey Shorr Grand Rapids? | Mickey Shorr Grand Rapids

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The Circuit City at 4535 Canal Ave. SW in Grandville is one of 567 food that will be liquidated.

GRAND RAPIDS — Alike afore Circuit City Food Inc. threw in the anhydrate Friday, the cyberbanking retailer’s woes are proving to be a benefaction to added stores.

“It’s sad to see a business go, but it’s abundant for us. We’ve been accepting a lot of their customers. We’ve additionally assassin a lot of their installers,” said Blake Banaszak, administrator of Mickey Shorr car audio abundance at 4061 Plainfield Ave. NE.

The abundance is allotment of a Pontiac-based, family-owned alternation that includes sister stores, ABC Warehouse.In West Michigan, Circuit City has food in Grandville, Holland, Kentwood, Walker, Muskegon, and Portage.

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Tips, warnings on Circuit City deals

Circuit City is the additional retail alternation in the Grand Rapids breadth to abutting its doors. In July, acclaim issues triggered the brusque cease of Classic Stereo’s Grand Rapids and Portage stores.

Circuit City, the nation’s second-largest customer electronics retailer, said Friday it had run out of options and will be affected to cash its 567 U.S. stores. The closures could accelerate addition 30,000 bodies into the ranks of the unemployed. The aggregation said advisers will accept 60 canicule apprehension of the termination.

Employees who are laid off beforehand will get pay and allowances for the 60-day aeon alpha Friday, the banker said.

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“This is the alone accessible aisle for our company,” James Marcum, acting arch executive, said in a account Friday. “We are acutely aghast by this outcome.”

The aggregation had been gluttonous a client or a accord to refinance its debt, but the hobbled acclaim bazaar and customer worries accepted insurmountable. Bleak anniversary sales after-effects added attenuated alike the stronger retailers.

Last time, there was a adventurous of retailers activity out of business was added than 20 years ago during a 1980s recession, but those were locally endemic operations, recalls Terry Sommers, administrator of Decker Appliance at 430 Fuller Ave. NE.

When barter buy electronics, they are attractive for a abundance that will be about if there is a problem, Sommers added.

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TV sales were up over the anniversary division at Nawara Brothers Appliances at 1030 W. Fulton St. in Grand Rapids.

“We had a few barter who said they weren’t activity to Circuit City because they heard (the store) was branch to bankruptcy,” said Dave Nawara, who works in the ancestors business started by his grandfathering Frank Nawara Sr.

The affairs off of Circuit City account will activate today and run until March 31, awaiting cloister approval. The banker said in cloister affidavit it has appointed Abundant American Group LLC, Hudson Capital Partners LLC, SB Capital Group LLC and Tiger Capital Group LLC as liquidators.

Shareholders are acceptable to accept nothing, as is archetypal in defalcation cases. It was cryptic what would appear to the company’s 765 food and banker outlets in Canada.

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Circuit City filed for Chapter 11 defalcation aegis in November.

— The Associated Press contributed to this report.

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