Circuit City

[wvjules]

Anyone disappointed in the sale Circuit City is having?

Not only are the TV's only 15% off but ones that were on sale are now full price (less the 15%.) (Can't explain myself well on that one. lol) Most other electronics are only 10% off. I thought for sure there would be bigger discounts.

I'm also confused the the sign that reads "Merchandise Arriving Daily". Why are they still ordering stuff when they're closing? Heck, what vendor is still stupid enough to be selling to them?

 

[JoiseyMom]

Yes..this was how it was at my store before it closed. Store was practically empty...and 50% off most of the store..except the expensive tvs and computers and other electronics... I got some semi decent deals on some blu ray movies. The stock coming in is probably from other stores. Or it is stuff the liquidators have. Realize something...the sale is being run by an outside company. They will bring in "stuff" from other places just to sell.

 

[wvjules]

Yes..this was how it was at my store before it closed. Store was practically empty...and 50% off most of the store..except the expensive tvs and computers and other electronics... I got some semi decent deals on some blu ray movies. The stock coming in is probably from other stores. Or it is stuff the liquidators have. Realize something...the sale is being run by an outside company. They will bring in "stuff" from other places just to sell.

There was a circa 1980's dusty VCR on the shelf for sale. I guess that explains that.

 

[Anewman]

Items in the distribution centers and Items that were ordered b4 the official closures still need to be liquidated.

 

[corndog]

The "good stuff" goes back to the manufacturer. Stuff coming in is most likely coming in from stores that are closing.

 

[JimB.]

I stopped in on saturday.

Armed with my trusty iPhone with it's "Amazon.com for iPhone" feature, I checked CC's prices against Amazon's & they (in their huge blowout sale!!) were still 10-20% MORE expensive than Amazon.

I walked out without spending a cent. And I had every intention of refusing to participate in the recession while I was there.

 

[RitaE]

The final sales have been contracted out to a Professional Liquidator.

http://money.cnn.com/2009/01/23/news/companies/dirtysecrets_sales/index.htm

I was in there one of the first weekends and frankly the prices in their "going out of business" mode were higher than right before Christmas and higher than comparable items on Amazon.

I saw the same thing from Linens and Things. I waited forever for the prices on some of their inventory to come down to a reasonable level, then I finally gave up and just quit looking.

 

[*Fantasia*]

their sale are so lame. what is 10%? that's nothing! give us at least 30%, then maybe we'll buy. we checked it out, it was dissapointing.

 

[Michelina]

I agree, liquidation "sales" are a joke! Our Linens n Things (which was in the same plaza as CC) had prices blanked out in black marker that were cheaper than their liquidation prices!

 

[debster812]

Having recently lived through this with my former employer, and another A/V Retailer, maybe I can shed a little light.

When the decision is made to liquidate, there are two ways it can work.

1.) CC decides to self-liquidate, basically, sending all the new in box, current, highly saleable items to stores that are not closing, and putting discontinued, open box, and refurbished items to the stores that are being liquidated.

2.) All inventory and store fixtures are sold to a liquidation company at a set, bulk price. The liquidators then run the sale, and are free to sell the goods for as much (or little) as they can. Obviously, the liquidators want to sell the items for as much as they can, which is why the initial prices are not always great. Usually 10-15% off of full retail. As the sale goes on, the price goes lower.

This is obviously an oversimplification, but in a nutshell that's how it works. It's a highly competitive business, and much more cutthroat than I ever imagined.

 

[Colfireman]

Anyone disappointed in the sale Circuit City is having?

Not only are the TV's only 15% off but ones that were on sale are now full price (less the 15%.) (Can't explain myself well on that one. lol) Most other electronics are only 10% off. I thought for sure there would be bigger discounts.

I'm also confused the the sign that reads "Merchandise Arriving Daily". Why are they still ordering stuff when they're closing? Heck, what vendor is still stupid enough to be selling to them?

Sorry but let's not lose focus on the fact that thousands and thousands of people are losing their jobs!

 

[diz4ever]

My mom went in to CC to get a DVD player. It was $79 and then 10% off. SAME DVD player was $39 at walmart. She went to Walmart.

 

[Golf4food]

Liquidation sales are generally rip-offs aimed at duping unsuspecting consumers into buying things they think are "UP TO 100% OFF!!!!!" when in reality they are closer to normal retail (or sometimes higher). Be very careful with such sales, especially on big items. I normally only really consider buying DVDs, CDs, etc. unless I know for sure something else is a true deal and have checked it against Amazon and other online sites.

Take an iPhone or Blackberry or something similar with you, or write down the items you are interested in, take the list home, look them up online, and then decide if you need to go back to the store to buy.

 

[wvjules]

Sorry but let's not lose focus on the fact that thousands and thousands of people are losing their jobs!

OK but this thread is about the crappy liquidation "sale" they are having.