Sometimes bankruptcy works, and sometimes it's just time for a total liquidation. Borders, the big box bookseller who hit financial woes and began shutting down select locations recently, is throwing in the towel, and closing up all of their remaining 399 stores. more ›

In early November of last year, electronics retailer Circuit City announced they were filing for Chapter 11 bankruptcy and would be closing down some of their stores and launching sales to help bring in much-needed revenue. But yesterday the struggling chain revealed they were pulling the plug altogether, and shutting down all 567 of their US stores. more ›