Ultimate Electronics stores to be liquidated

Ultimate Electronics who is based out of Colorado that sells home electronics had filed for bankruptcy last month. They have now started liquidating its 46 locations nationwide, including six in the Twin Cities.
Stores are expected to remain open until stock becomes too thin, when they will then ship remaining merchandise to another location. The retailer is attempting to sell its merchandise immediately, so the value of its electronic products does not decrease. In Minnesota, besides the Minnetonka store. Ultimate Electronics has stores in Edina, Woodbury, Maple Grove, Burnsville and Roseville. According to the Minnetonka worker, who asked not to be named because workers were told not to talk the media, each store typically employs 17 to 20 people so closing the six locations in Minnesota could mean a loss of up to 120 jobs.