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Tweeter Is Shutting Down

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Nov 4, 2008 9:12 am US/Eastern

Tweeter Is Shutting Down

BOSTON (WBZ) ―

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Tweeter has notified the state it is closing its Canton headquarters as part of a "permanent entire company closing."

The company's letter received Monday by the Massachusetts Executive Office of Labor and Workforce Development said the headquarters facility will close by Dec. 31.

Tweeter filed for Chapter 11 bankruptcy protection in June 2007.

A month later, it accepted Schultze Asset Management LLC's $38 million bid.

The Boston Globe reports that liquidators Hudson Capital Partners and Tiger Capital have bought Tweeter, and said Jim Schaye, president of Hudson, confirmed the liquidation.

Tweeter has 94 stores in 17 states. There are 13 stores in Massachusetts and New Hampshire.

The struggling consumer electronics chain is offering products for at least 10-percent off. There are no returns and stores will not accept checks.

The Massachusetts Attorney General's office recommends using any Tweeter gift cards right away.

Consumers who have concerns about their Tweeter purchases can call the A.G's hotline at 617-727-8400.