567 Stores. $1.8 Billion in Inventory.
One of the Largest Retail Liquidations in U.S. History.

The Engagement

When Circuit City filed for Chapter 11 bankruptcy in November 2008 after failing to find a buyer or refinancing deal, a U.S. Bankruptcy Court appointed four liquidation firms to manage the complete wind-down. Hudson Capital Partners, led by James Schaye, served alongside Great American Group, SB Capital Group, and Tiger Capital Group as joint liquidators. The consortium paid approximately $800 million for the rights to liquidate inventory with a retail value of approximately $1.8 billion. Liquidation sales began in January 2009, starting at up to 30% discounts and adjusting as the process continued.

This engagement was led by Eaton Hudson founder James Schaye through Hudson Capital Partners, the predecessor firm whose institutional track record is now represented under the Eaton Hudson banner.

Scope of Work

• Court-appointed inventory liquidation across all 567 U.S. store locations
• Management of going-out-of-business sales across multiple states simultaneously
• Payroll, rent and store operating cost management during the liquidation period
• Pricing strategy and discount management to maximize recovery against retail competition
• Coordination with co-liquidators Great American Group, SB Capital Group, and Tiger Capital Group

The Eaton Hudson Advantage

The Circuit City liquidation required a firm capable of executing at unprecedented scale, competing directly against major electronics retailers while clearing billions in inventory across hundreds of locations simultaneously. James Schaye's leadership through Hudson Capital Partners — now reflected in Eaton Hudson's institutional approach to large-scale asset disposition — demonstrated the operational discipline required for Tier-1 retail liquidations.