Ultimate Electronics to liquidate all stores nationwide

http://www.9news.com/news/article.aspx? ... &catid=339

Thornton-based Ultimate Electronics is making plans to liquidate all 46 of its stores nationwide, including nine stores in Colorado, according to an email from the company's Chief Executive Officer, and documents filed in a federal bankruptcy court.

Liquidation sales at stores nationwide will start as soon as Wednesday, a liquidator inside the Thornton store told 9NEWS Sunday afternoon.

Ultimate Acquisition Partners LP, Ultimate Electronics parent company, filed for Chapter 11 bankruptcy on Jan. 26, hoping to save some of its stores, but the company could not meet its obligations to pay creditors and keep all stores operating.

Maybe Obama could bail them out as well. Why stop at Government Motors? Doesn't Obama care?

Am I shocked that they are going under? No. Compared to other retailers I found their prices to be high and their sales people to be dishonest or not very educated on the products they sell.

Personally I was suprised they didn't go under a long time ago. I thought it was a bad business model.

Never shopped there.

This isn't the first time they've gone bankrupt. It's about time they threw in the towel.

What's Ultimate Electronics?
(I think that's their problem)