Saturday, November 7, 2009
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Meltdown 101: Shuttered stores' sites still sell

Published 07/05/09

Circuit City. Linens 'N Things. Bombay Co. They're all out of business, their stores shuttered, many employees laid off.

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But according to their old Web sites, they're all still selling, or planning to sell, the same stuff they always did - everything from digital picture frames to leopard-print rugs.

How can this be? Didn't these companies shut down?

Typically, when a company goes out of business by way of bankruptcy, other companies buy its assets - everything from cash registers and furniture to unsold merchandise. Also for sale are assets like the company's name, logo and Web site - some experts...

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