Armed Polite Society
Main Forums => The Roundtable => Topic started by: Manedwolf on January 16, 2009, 01:09:18 PM
-
Stupid thing is...THEY JUST OPENED NEW ONES HERE. While in bankruptcy.
Oh well, more abandoned purpose-built stores.
Bankrupt Circuit City Stores Inc., the nation's second-biggest consumer electronics retailer, said Friday it failed to find a buyer and will liquidate its 567 U.S. stores. The closures could send another 30,000 people into the ranks of the unemployed.
http://www.breitbart.com/article.php?id=D95OBUM00&show_article=1&catnum=0 (http://www.breitbart.com/article.php?id=D95OBUM00&show_article=1&catnum=0)
-
Yeah. Who didn't see this coming?
-
Yeah. Who didn't see this coming?
I did.
But I'm going to Circuit City tonight to see if there's any sales....
Could use a new DVD player anyway.
-
I did.
But I'm going to Circuit City tonight to see if there's any sales....
Could use a new DVD player anyway.
The liquidator they brought in is not the sort that does that. I expect you'll find prices actually above retail, and the rest of the stuff will have been redistributed to online retailers like Tiger Direct, which is one of the companies that has signed up to obtain inventory.
Liquidation isn't like it used to be. Most of the stuff seems to just get put online from someone else's storefront until it's cleared out of stock.
-
The liquidator they brought in is not the sort that does that. I expect you'll find prices actually above retail, and the rest of the stuff will have been redistributed to online retailers like Tiger Direct, which is one of the companies that has signed up to obtain inventory.
Liquidation isn't like it used to be. Most of the stuff seems to just get put online from someone else's storefront until it's cleared out of stock.
Bah!
Stupid efficient economy....
-
Before Christmas they liquidated the store near us that opened three months before the filing. The prices were nowhere near what a liquidation should be. The biggest discounts were 20% and not everything was discounted. i-stuff was regular price. I bought a Zen for 20% off for Santa to give me.
Anygunanywhere
-
Bah!
Stupid efficient economy....
BTW, I would wait on the DVD player. I think blu-ray players will be under $150 for good ones soon, because people just aren't buying and they're starting to panic. If Sony keeps posting losses, someone's gonna have to fall on a sword otherwise.
-
Let me know when they're under forty.
-
What does this mean for the $200, 5-year service contract for the $49 CD player I bought just before Christmas? :O
No, I actually didn't buy ANYTHING there in the past couple of years besides a $20 DTV tuner (with a $40 .gov coupon) . . . I haven't been a fanatic about it, but I've been generally avoiding Circuit City since they fired a bunch of people just so they could reduce their pay scale.
-
Service contracts are administered by a third party, so they should not be affected.
Chase administers the credit cards, so don't expect relief there, either.
-
Yeah I went to the Circuit city near me and everything was the same or above the price at Best Buy despite being "marked down over 40%!!".
All I could think is either
a) They are claiming a false 40% off
or
b) No wonder they went out of businessb
-
Yeah I went to the Circuit city near me and everything was the same or above the price at Best Buy despite being "marked down over 40%!!".
All I could think is either
a) They are claiming a false 40% off
or
b) No wonder they went out of businessb
Sure it's 40% off, of MSRP. The liquidator prices everything.
-
All I have to say is, you got to be stupid to buy a big screen TV from a company that has gone under when you can go right next door and buy the same thing for a lesser price. Especially when that other company is not going under (for now).
-
All I have to say is, you got to be stupid to buy a big screen TV from a company that has gone under when you can go right next door and buy the same thing for a lesser price. Especially when that other company is not going under (for now).
Why? Warranty service (while laughable in and upon it's self) is conducted through a third party.
-
I've been waiting for this to happen. I think the economy has little to do with it, they were just a poorly run business.
-
Sure it's 40% off, of MSRP. The liquidator prices everything.
The local CC closed it's doors a couple of months ago. You're exactly right, they say XX% off of MSRP, NOT what was their normal or sale prices. I ventured in just to see if they had any good deals........ I could do better at any of the other electronic stores.
-
Why? Warranty service (while laughable in and upon it's self) is conducted through a third party.
This happened to me when Highland Super Stores (remember them?) went out of business back in the early 90's. I had to do a 60 minute road trip across town for service. When I asked for my service plan money back, they laughed and suggested I take a bankrupt company to court.
I laughed back and told them to enjoy being jobless.
I actually liked Circuit City better than Best Buy. Best Buy used "Eminent Domain" to remove homes and businesses to build their new headquarters in Richfield, Minnesota. I have problems giving money to a company like that.
I knew Circuit City was in trouble when they fired all of their floor staff making $10+/hr. The were told they could be rehired at $8/hr. I don't remember the company big shots taking a pay cut.
-
I could never find what I wanted at Circuit City or, if I thought I did, none of the sales people could tell me for sure if it was what I wanted. When I was shopping for a new LCD monitor they had a model I was interested in, but nobody could figure out how to connect it to a computer so I could see how it looked. I guess they just expected me to buy it without looking at it.
-
I bought my replacement big screen from Circuit City back in October. I didn't know they were in trouble back then, and it was over $200 cheaper there than at Best Buy.
-
We had one close and a new one open. The old one they closed was actually better than the new one. I agree about the liquidation sale prices. What's amazing is how many people bought stuff at regular price, just because it was marked 20-30% off. I did find a good deal on some wireless networking stuff and a mouse.
-
I've been waiting for this to happen. I think the economy has little to do with it, they were just a poorly run business.
A poor economy will cull the herd a bit faster than a good one. The weaker companies die off and the stronger, more efficient, ones gobble up their what little marketshare they did have.
I knew Circuit City was in trouble when they fired all of their floor staff making $10+/hr. The were told they could be rehired at $8/hr. That was a pretty bone-headed move. I doubt it was the final nail in the coffin but it was a pretty public example of just how bone-headed the yahoos running the joint were. It's not like their higher paid sales folks got those wages by unionizing or anything. They were simply paid more because they performed better and had more experience. You don't get rid of the people that know what they're doing in tough times -- that's just stupid. To try and actually replace them with new people is even more absurd because now you've got wasted hours on training and such.
I'm sure it looked good on paper for the 1st quarter though. Sure, you reduced labor by 20%, but you probably increased HR's costs and God only knows what it did to your productivity.
-
I hate to see Circuit City go. However, it is beyond my understanding how all these stores survive. New shopping malls being developed all the time. The only customers I see are the ones that already go to other stores and so the stores just reduce market share.
Liquidations are not what they used to be. As far as I'm concerned you can find the same or better prices from regular stores. I don't bother anymore.
-
I've been waiting for this to happen. I think the economy has little to do with it, they were just a poorly run business.
I couldn't believe what Michael Savage had to say about that. "If Circuit City folded, why didn't Best Buy fold, too? How could one go under, and the other one survive? I don't understand that."
I already knew he was a lunatic rage-aholic, posing as a real conservative; I didn't realize that he is also a moron.
-
Best Buy's total lack of competition now is going to do wonders for prices :(
-
Best Buy's total lack of competition now is going to do wonders for prices :(
They have to compete with Amazon, lower prices and free shipping.
Amazon's super-database and regional drop ship empire has been taking everyone else's lunch money for years.
-
There's still regional competition for Best Buy. Not so much in the East, but on the West Coast they have Frye's, which apparently has been kicking BB's butt for some time.
-
We have a Fry's here in town. More than once, their advertised price on an item was noticeably less than Best Buy . . . but since the latter has a store MUCH closer to me than Fry's, I just take the sales paper over there and they do a price match.
They have to compete with Amazon, lower prices and free shipping.
And as part of the lower prices, factor in no sales tax . . . which is significant on large items.
-
Best Buy has the selection that Circuit City didn't have, but Best Buy's prices aren't cheap.
Numerous business types have drilled into my head over the years an old saying: you've got price, quality and service (service, selection, speed of delivery, etc); pick two, because you can't have all three at the same time.
Circuit City only offered one of the three.
-
We have a Fry's here in town. More than once, their advertised price on an item was noticeably less than Best Buy . . . but since the latter has a store MUCH closer to me than Fry's, I just take the sales paper over there and they do a price match. And as part of the lower prices, factor in no sales tax . . . which is significant on large items.
No sales tax here. Amazon is still cheaper on lots of things.
-
I'll do my big-item shopping at HHGregg for AV stuff and elsewhere for computers and appliances.
I think the last time I set foot in a circuit city was 2 years ago for a little $30 router, because they had the cheapest price of the stores that were still open that hour.
-
I thank the good Lord I have Fry's & Microcenter nearby.
If I didn't, 99% of my IT/electronics purchases would be made online.
-
Those of us who live in Washington pay state sales tax on our Amazon purchases, since the company is headquartered in Seattle and thus has a physical presence in the state. And unfortunately, there is only one Fry's in the state. With the demise of CompUSA and now Circuit City, Best Buy is the sole remaining electronics chain of any size in Washington, and I am underwhelmed with their computer and computer accessory selection.
-
All we have is Best Buy. I wish we could get a Fry's. That's the best electronics chain store I've been in. But even then, I find I'm usually better off using Amazon, Newegg, and a couple other online retailers.
-
Ultimate Electronics moved in here a few years ago. Their commercials claim they have people spying on CC and BB on a daily basis, so UE can always have the lowest price. Always.
Don't the other guys get a little annoyed that the same person (or people) keeps coming by, looking around, writing down prices, but never buying anything? Or how does that work? Do they just shop the web-site?
-
Ultimate Electronics moved in here a few years ago. Their commercials claim they have people spying on CC and BB on a daily basis, so UE can always have the lowest price. Always.
Don't the other guys get a little annoyed that the same person (or people) keeps coming by, looking around, writing down prices, but never buying anything? Or how does that work? Do they just shop the web-site?
I coordinate some of this stuff for my company. We do it all online and by phone. Just call the physical store and ask the price of 2 or 3 items. You can't ask too much or they start to get suspicious.
-
Best Buy's total lack of competition now is going to do wonders for prices :(
They still have to compete with Fry's, Walmart, Sears, KMart, many other stores, and then all of the internets.
-
I'd love to have a Fry's somewhere in my neck of the woods. =|
-
Ultimate Electronics moved in here a few years ago. Their commercials claim they have people spying on CC and BB on a daily basis, so UE can always have the lowest price. Always.
IIRC, Ultimate Electronics was - somehow - tied in to an old, semi-high-end store called "Audio King" up in the Minneapolis area. UE opened up a couple of stores in & around Austin, but they didn't last, closing after only a couple of years.
-
I'd love to have a Fry's somewhere in my neck of the woods.
Are there even Radio Shacks in your neck of the woods? ;)
-
Radioshack?
You must remember that for some reason or another, there are a great number of people who refuse to set foot in that sh... that hole of a store, ever again, for any reason.
I'm quite literally shocked they're still in business, perhaps the model is just *that good* that it survives the complete and utter incompetency in the company from the store managers up the line to the Big Desk.
But I'm not bitter at all :)
-
Went to a CC in Austin yesterday. Got 30% off DVD's and 10% off everything else. Still had a pretty good inventory. May have to visit the Waco one in a week to see if prices go down any further.
I couldn't believe what Michael Savage had to say about that. "If Circuit City folded, why didn't Best Buy fold, too? How could one go under, and the other one survive? I don't understand that."
I already knew he was a lunatic rage-aholic, posing as a real conservative; I didn't realize that he is also a moron.
I hope he was just pointing out the irony there.....but, knowing Savage, it's hard to tell.... ;/