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Breaking News Jan 16th: Circuit City to be Liquidated

Discussion in 'The OT' started by LarryFlowers, Jan 16, 2009.

  1. Jan 16, 2009 #61 of 105
    Sharkie_Fan

    Sharkie_Fan Hall Of Fame

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    I hit the Fry's in Campbell yesterday twice, and they did have a bunch of empty shelves.

    And, frankly, in the quick walkthrough I did, I didn't see a single item that jumped out at me as being a great deal. Nothing that I had to hold myself back from buying.... I was kind of disappointed.
     
  2. Jan 17, 2009 #62 of 105
    dodge boy

    dodge boy R.I.P. Chris Henry

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    me too, thought I'd look for a sale to get another HDTV, came across this....

    http://www.circuitcity.com/closed.html

    34,000 aMERICANS GOING TO LOOSE THEIR JOB IS JUST HORRIBLE, MAYBE NOW IS NOT A GOOD TIME TO BUY ANYTHING!
     
  3. Jan 17, 2009 #63 of 105
    BubblePuppy

    BubblePuppy Good night dear Smoke... love you & "got your butt

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    This is too bad. I have a CC-Visa crdit card, the only credit card I have. I wonder what will happen with that.
    Also, I have an extended warrenty on my panny tv with CC, how will that work now?
     
  4. Jan 17, 2009 #64 of 105
    smiddy

    smiddy Tain't ogre til its ogre

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    Mrs. Smiddy told me this yesterday and I wasn't shocked. We had discussed this a few months ago on here and from what I saw CC never changed their paradigm. It is too bad for those who work there...:(
     
  5. Jan 17, 2009 #65 of 105
    dodge boy

    dodge boy R.I.P. Chris Henry

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    Never buy the warranty, unless it is through the manufacturer....
    You will still have to pay on the credit card...
     
  6. Jan 17, 2009 #66 of 105
    BubblePuppy

    BubblePuppy Good night dear Smoke... love you & "got your butt

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  7. Jan 17, 2009 #67 of 105
    hdtvfan0001

    hdtvfan0001 Well-Known Member

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    I could care less that ththis foolish company ran itself aground...however, reduced competition is a price we may end up paying for via higher prices with the other survivor companies out there still...
     
  8. Jan 17, 2009 #68 of 105
    BubblePuppy

    BubblePuppy Good night dear Smoke... love you & "got your butt

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    I just heard on the news that the exteneded warrenty will be honored by a third party, which was the case anyway.
     
  9. Jan 17, 2009 #69 of 105
    Cholly

    Cholly Old Guys Rule! DBSTalk Club

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    Circuit City customer questions answered

    * Will Circuit City stores and its Web site continue to accept gift cards?

    Gift cards may be redeemed at full value. Once the stores are closed and the company is out of business, the gift cards will have no value.

    * Are extended warranties affected by the liquidation?

    No. Circuit City's extended warranties have been backed by third-party independent companies for more than 15 years and are not affected by the closing.

    * Will extended warranties still be available on products purchased during liquidation?

    Yes.

    * What if a customer purchased products at one of the closing stores and the product needs service?

    For products covered under the manufacturer's warranty, call the manufacturer. For products covered under extended warranties, call the toll-free number that is printed on the bottom of the receipt.

    * When is the Web site, www.circuitcity.com, going to be shut down?

    The Web site and call center will operate through Sunday.

    * How much will merchandise be marked down? Can customers negotiate prices?

    There will be clearance pricing, but specific discounts are not being announced. Prices are non-negotiable.

    * What payment types will be accepted during liquidation?

    Stores will accept cash, gift cards and most credit cards. Personal checks will not be accepted. All sales are final.

    * Will price-matching policies apply during liquidation?

    No.

    * What about returns and refunds?

    Customers can return products purchased before Friday during a 14-day period for exchange or refunds. All other return policy terms are in force. After closing sales begin, all sales are final.

    * Will customers be able to buy products online and pick up their purchases in stores?

    No.

    * Will delivery service be available for products purchased from stores?

    No.

    * Will Circuit City offer home theater installations?

    Yes.

    * Will Circuit City offer PC services and repairs at stores?

    Services already under way at the stores will be completed promptly, but no additional jobs will be accepted.

    * Will car electronics installations be available?

    No.

    * Is there a phone number customers can call if they have additional questions?

    Yes: (800) 843-2489.

    Source: Gannett News Service
     
  10. Jan 17, 2009 #70 of 105
    spartanstew

    spartanstew Dry as a bone

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    Might have been easier to just direct people to the CC web page Cholly.
     
  11. Jan 17, 2009 #71 of 105
    Rob-NovA

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    I stopped by the CC in my neighborhood this morning. The place was packed (moreso than I ever recall). But, as noted previously, the pricing wasn't anything special. Most of the "good" brands were gone, probably because of restocking issues. All that was left were a bunch of off-brand items or in-house brand items and the prices were noticeably higher than you could get at BB or online. Best deal I heard was the "sale price" or 10% off list.

    I realize the impact to the industry that CC's demise may (will) cause, but IMHO, CC shot themselves fatally back in the 90's with the whole DivX thing and they have never really recovered.
     
  12. Jan 17, 2009 #72 of 105
    Stewart Vernon

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    I was talking about this yesterday with my father...

    Way back when the first Circuit City opened in our area, it was THE place to go for appliances, computers, video games, car audio... You name it.

    But.. we had actually turned away from Circuit City long before the first Best Buy came. There was an attitude/atmosphere that started there that just made you feel like you didn't want to be there. I can't put my finger on it, but there just was very little desire to go inside and there were other alternatives.

    We had a CompUSA store for a while, and I liked that MUCH better than Circuit City for computer stuff... but that chain never made it. We still have a Tiger Direct store, and recently it got a nice makeover and is a really good place to go and look for computer components.

    Meanwhile, once Best Buy came around here Circuit City was already low on the food chain and I've hardly been inside a Circuit City in years.

    I do feel sorry for most of the 34000 people who will be out of work. Most of them were not to blame for the company's woes.
     
  13. Jan 17, 2009 #73 of 105
    Cholly

    Cholly Old Guys Rule! DBSTalk Club

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    At the time I posted that, I wasn't aware that CC had updated their web page. When I looked at it a day or so ago, it was the old familiar web site with no mention about the liquidation.
     
  14. Jan 17, 2009 #74 of 105
    tgr131

    tgr131 Legend

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    Our CC had paid some guys to hold up signs on the corners that said "up to 30% off". The "up to" was in very small print. When we got to the store, it was 10% off list. The savings weren't worth waiting in the line.

    David
     
  15. Jan 17, 2009 #75 of 105
    James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    Lots of people milling about in the store I visited tonight, but not noticeable line. There were a few items marked "30%" off but mostly 10% off for now.
     
  16. Jan 18, 2009 #76 of 105
    Greg Alsobrook

    Greg Alsobrook Lifetime Achiever

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    Ok... Just got back from CC...

    They had people standing out on the main roads holding up some "30% off Going Out Of Business" signs... the store was actually pretty crowded... "All sales final" signs were everywhere.. and they also had several "Cash or Charge" only signs.. (no checks or Circuit City credit cards accepted)...

    I stood there and talked to my buddy for a while, who is the sales manager, and he pretty much confirmed everything in this video... He said they came in and marked everything back up to original price, and then applied a discount to that... so the prices are actually worse than they were yesterday. He said you're much better off going to Best Buy at this point. I think they had 30% on some cables and TV stands, 20% off DVD's, and I saw a few TVs that were 10% off. Other than that, everything else was normal price.

    I even overheard several other customers commenting about how they "didn't see any deals"... They were right... I bought a Bluray... but only because I had a gift card to burn...
     
  17. Jan 18, 2009 #77 of 105
    jimmyv2000

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    i'm going tuesday, my day off when its quieter during the day.
    I have a gift card to burn too.
    my brother went last night and there are NO Computers at all & Not really any deals at all.
     
  18. Jan 18, 2009 #78 of 105
    Chris Blount

    Chris Blount Creator of DBSTalk Staff Member Administrator DBSTalk Gold Club

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    I went to our local CC today and can confirm this.

    The place was stocked well. Lots of items. Most were 10% off. CD's and DVD's were 20% and furniture was 30%.

    All items were jacked up to their regular retail price with percent off signs taped to the shelves.

    Example: Yesterday I purchased a 1TB Western Digital MyBook essentials external hard drive at Best Buy. Price was $129.

    At Circuit City today, the same drive was marked $139 with 10% off.

    There were a ton of people in there. Lots were buying TV's and Laptops. Didn't really see any great deals on those either.

    Basically when shopping these liquidation sales, let the buyer beware.
     
  19. Jan 18, 2009 #79 of 105
    cweave02

    cweave02 W4SKO

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    Sounds like a good time to transfer the balance to another card for a lower rate.

    I had not shopped there for a long time due to their bait an switch tactics. Then with the "liquidation" of some of the stores when the prices were marked way up to be marked down to about or just above what they were beforehand . . . bad press and bad tactics made failure a certainty!
     
  20. Jan 18, 2009 #80 of 105
    Stewart Vernon

    Stewart Vernon Roving Reporter Staff Member Super Moderator DBSTalk Club

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    At least part of the definition of insanity has to include a going-out-of-business sale that starts by raising prices!

    These liquidation companies have to be pretty clueless to do that.

    Then again, if people are buying up stuff on day 1 of a liquidation, maybe it goes hand-in-hand?
     

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