Posted on 01/16/2009 8:02:28 AM PST by re_tail20
Circuit City Stores Inc. says it has reached an agreement with liquidators to sell the merchandise in its 567 U.S. stores after failing to find a buyer or a refinancing deal.
(Excerpt) Read more at finance.yahoo.com ...
good grief, they let this guy run them? I happen to like Radio Shack.
they are closer, they know what they are doing and are good for the replacement, secondary/accesory market. i haven’t bought a bigticket item there but when i do buy one, I usually have to visit a Radio Shack to pick up what I need to support an original purchase.
As for CC, I bought a lot from them 10-15 years ago. They were fine then, don’t knw what happened.
Apple can get me an ipod, have it custom e-ngraved and shipped to me within 48 hours, and Circuit City can’t send me an off-the-shelf digital camera in under 2 weeks. WTF?
I still liked my local CC way better than best buy, though.
I love the Onion. That article capture Radio Shack exactly. I visit there maybe once every 2 or 3 years and I have a technical background. I don't know how they stay in business either. Who do they sell that stuff to??
Uh, they're dead too Jim.
The company my wife works for used to supply a large amount of items that Circuit City stores used in their showrooms for display purposes (cables, assemblies, etc...). They have many hundreds of thousands of dollars in inventory now that they’ll have a hard time selling to anyone else.. on top of what Circuit City owed them... :(
The CC a mile from my houe closed in December . Their “up to 50% off sale” had items that were STILl more expensive than directly comparable items at the Best Buy across the parking lot. There will be few deals at their liquidation sale if it is conducted anything like the liquidation sale (Everything must go! Store fixtures included!)that this store went through whe nit closed half a dozen Chicagoland stores last month.
If you do go into a Circuit sh**ty go to Best Buy abefore you buy at CC nd make sure you can’t ge the same stuff for less. Hopefully CC’s liquidators will price their stuff BELOW that of stores who will remain ni business and have recourse with.
—PP
—PP
Best Buy has very high prices...
I do my electronic shopping primarily at newegg.com. I just bought a new 19” for $139 with free shipping. The last I looked they were 150 at CC.
Yep! And Wal-Mart picked up a lot of the flat screens they had on sale during Christmas from Circuit City.
I will miss them.
Along those lines, I love the sales that shoppers fall for that advertise Buy One, Get One 50% off! lolol
CC isn’t the first electronics chain to bite the dust, and won’t be the last.
Sun TV, Silo, Kelly and Cohen, the Appliance Store have all gone down that same path.
Something about that industry. But still, someone else will rise to take CC’s place.
“maybe this will help Compusa get stronger”
LOL! That Mexican chain is the worst! Hell, even they have had to close many of their flea markets of a store.
Do they no how to spell?
I bought a SHARP boom box from circuit city way back in 1983 when I was a young airman stationed in Charleston AFB S.C.
From the moment I pulled it out of the package it did not work correctly, playing cassette tapes.
I tried several times to get both Sharp and circuit city to fix the problem, SHARP flatly refused and circuit city *repaired* it but never fixed the problem, and eventually refused to try anymore.
I finally just gave up.
I personally have never bought a SHARP product since and the one and only time I’ve set foot in a circuit city store since 1983 was to get a verizon cell phone through my company for work.
Good riddance indeed!
A side note, a while later on the way to Korea that boom box was destroyed in the move and I got reimbursed and got a new one...a sanyo I think it was...played swell, still have it, obsolete as it is, but my wife uses the radio on it during the summer months in the back yard!
It’s a low margin high product turn over high competition industry. Burns through companies fast.
“What a horse’s butt to make those comments.”
Um, ... it’s The Onion, right? You know, ... satire ...
They sell commodity items that aren't usually impulse purchases. If I want a Samsung model XXXXX TV, it will be exactly the same at CC, Best Buy, HHGregg, Wally World, a ton of internet stores, etc. I have time to shop around and find either the best price or best service, and I didn't find either at CC unless they were having a good sale. The main thing I bought at CC in the past couple years were DVDs on sale, especially their $5 bin.
I'm glad I made it clear that I didn't want a CC gift card at Christmas because of their financial problems.
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