If you need electronics: Circuit City

[eliza61]

Circuit City is going out of business (another 30,000 jobless) and having a liquidation sale if anyone is in the market for electronics.

http://abcnews.go.com/Business/Economy/wireStory?id=6662902

 

[The Mystery Machine]

Yea, we heard that before Christmas. DH did have a gift card he redeemed.

He said the selection was pretty awful and that was before Christmas. I can't imagine what is left.

I hate liquidators. They actually raise the prices of stuff.

 

[MinnieFan4ever]

Yikes. That's not good.

 

[java]

I hate liquidators. They actually raise the prices of stuff.

And bring in other junk they are trying to unload. I am not a fan of the liquidators either.
Sure glad I didn't buy the extended warranty on my tv several years back through Circuit City.

 

[chisnpeke]

That's a shame. I preferred Circuit City over Best Buy.

 

[Soarin08]

Not good. I hate to see all those people out of work.

 

[Michelle67]

Just my two cents' worth on this, FWIW. Keep in mind that if you buy electronics from a place that is going out of business, and you have any problem with the product you buy, you are going to have a really hard and dissatisfying time trying to get any resolution to your problem. BTDT, won't do it again.

 

[EpcotSweetHrts0512]

Yeah, it sucks. My husband works (worked) there part time, but we still relied on it a lot.

 

[edwardsfire]

We always use Walmart or Bestbuy for our tv's,electronics.
Maybe now, circuit city has some good deals.
Have to check one out.

 

[edwardsfire]

Just my two cents' worth on this, FWIW. Keep in mind that if you buy electronics from a place that is going out of business, and you have any problem with the product you buy, you are going to have a really hard and dissatisfying time trying to get any resolution to your problem. BTDT, won't do it again.

Thats a good point.

 

[RitaZ.]

I hate liquidators. They actually raise the prices of stuff.

Yes, they do. For anyone that's interested, check out the video in that same link ~'Everything must go', not so?

 

[Aimeedyan]

Ours closed shop a few months ago - there were no deals to be found. Sorta like other liquidation sales where the prices are jacked up, plus you don't have a store to back up their product anymore.

 

[bicker]

Yea, we heard that before Christmas.

Before Christmas, there were some individual Circuit Cities that were closing. It was just decided this week, however, that the entire company is going to liquidate. They couldn't find a buyer for any significant part of the chain or its remaining stores.

I hate liquidators. They actually raise the prices of stuff.

Seems silly, especially since so many folks now can just surf amazon.com from their cellphones. I've told my wife, though, every time we've walked into a store 'going out of business' that there is nothing in there worth buying.

 

[mmcguire]

Guess CC's idea of letting all their experienced employees go in lieu of poorly trained high schoolers didn't work out so well did it?

 

[java]

You know I am wondering in the little strip mall by us it was
Circuit City, Staples, Target, Michaels and Linens and Things.
2 down
3 to go.
It's sad.

 

[Keli]

I agree with everyone else, I won't bother going there looking for bargains, I'm sure there won't be any.

 

[*Fantasia*]

copied from yahoo

Circuit City, R.I.P.

"The troubled 60-year-old electronics chain tried its best to survive bankruptcy, but to no avail; now, it will liquidate its merchandise and close all 567 remaining stores.

Bloomberg reports that Circuit City Stores Inc. has hired a quartet of liquidators to sell off its existing merchandise, pending a green light from the courts. If everything goes according to plan, the fire sale will start Saturday and continue through the end of March, according to CNNMoney.com.

And unfortunately for Circuit City's 30,000+ employees, unemployment awaits.

The biggest consumer tech chain in the U.S. besides Best Buy, Circuit City filed for bankruptcy protection back in November. As Bloomberg notes, the struggling company had been looking for a buyer as late as Thursday, but failed to find any takers.

Of course, news of the Circuit City liquidation sale will draw plenty of bargain hunters, but (as I've blogged before), buyer beware.

Typically, closeout sales are final: no refunds or exchanges, so think twice before snapping up a big-ticket item like an HDTV. Also, keep in mind that closeout prices often aren't as rock-bottom low as you'd think; make sure to comparison shop online, and don't be fooled by big "75% OFF!" signs on items that have been marked up.

Finally ... a deep bow to Circuit City in general, where I've spent countless hours of browsing (and drooling)—and if nothing else, when it comes to tech retailers, less competition is never a good thing.

Update: Many of you are wondering what happens to the extended warranties you bought from Circuit City. I have an e-mail in to Circuit City's public relations department and will let you know as soon as I hear back. In the meantime, here's some general info straight from the Better Business Bureau:


The validity of any outstanding warranties varies for each bankruptcy. If a retailer goes out of business, the consumer may be able to rely on the manufacturer’s warranty. If a manufacturer goes out of business, the consumer may be able to rely on any warranties provided by the retailer. Many extended warranties and service plans are provided and administered by third parties and are typically not affected by a retailer or manufacturer going bust.

So ... potentially good news. Anyone out there have their Circuit City extended warranty paperwork handy? If so, let us know the details."

 

[Micca]

For those with extended warranties, you may find that those warranties were actually outsourced from a vendor who is still in business and will cover the warranty no matter what happens to Circuit City.

I'm interested in the liquidation sales too. Not so much for the electonics, but there are some accessories I wouldn't mind getting.

 

[HOGFAN]

so what happens to the balance on my Circuit City credit card? bought a tv several months ago at 0% interest for 18 months.

 

[Kycha]

You know I am wondering in the little strip mall by us it was
Circuit City, Staples, Target, Michaels and Linens and Things.
2 down
3 to go.
It's sad.

Sounds like a strip mall by us
Circuit City(going)
Linens n Things(almost gone)
Office Max(struggling)
Home Depot
Barnes & Noble
Old Navy