I started this rant last night and kind of realized it didn’t make much sense. However, eagle-eyed reader SteveJabs headed down to CC and confirmed my suspicions: there are no deals to be had at Circuit City.
I thought I would meander over to the City of Circuits today and see what all was going down with this “blowout selling.” As predicted they are screwing people over on many things but I decided to highlight on the two biggest I found right away. The first one I noticed when I walked in was the following, it is an EVGA 512Mb Geforce 9600 GT card. It is priced at $229.99 with 10% off making it an even $270. That raised flags to me. Hell, you can buy a GTX 285 for less than $100 more on Tigerdirect. Anyways, here attached is the picture backing this up. And here is the same damn card on B&H for $132.50
Now that Circuit City retail locations are ran by liquidation scum, there are bound to be a few deals. Sure, most of the big ticket items have been marked back up to their MSRP but there has to be a good deal or two available. My old Circuit City location (3631) was more busy over the last weekend than during the ’08 Holiday Season. So did anyone score a good deal or two? Maybe a cheap in-dash DVD player or a pair of Polk Audio speakers? Anything? Nothing? → Read More
Circuit City is gone and so is the website – for now. Circuit City was one of the first major brick and mortar stores to have an online marketplace but that tidbit doesn’t matter anymore. It’s been changed into an FAQ page about the company’s future. Just in case, you know, you’re curious about the expensive extended warranty purchased a few months ago. The e-tailer website might eventually return but for now, it’s your one stop shop for questions about Circuit City’s limited future. → Read More
Circuit City may be bringing in liquidators to help clear our the remaining merchandise, but watch out for the first couple rounds of deals. You may find the prices, while bedazzled with huge sale signs, are not that great. Shoppers found this out during the first wave of store closings back in November. Eventually, most items should go cheap but beware the perceived sale. So here are couple of tips.
Update: Gift card info added. → Read More
We hardly knew you, Circuit City, but word today is that you’ll be completely liquidated. You will be missed, sorta. → Read More
Circuit City is currently in process of taking bids on the retailer. Yup, the retailer is trying to sell the whole thing off. It seems that there are two plans in place. First, the company is taking bids on the sale of the entire retailer. If that doesn’t happen, they will turn to liquidators that will buy certain assets and sell it off in the name of [fake] liquidation sales. Is this Circuit City’s final days? Most Internet pundits claimed Circuit City wouldn’t make it through 2009 and now it doesn’t seem the retailer will survive the month. More as we get it… → Read More
Circuit City has had a rough year. We know that, but the bankrupt electronic retailer was granted a breath of fresh air today as a Judge approved $1.1 billion in financing and other changes which might involve closing a lot more locations.
Best Buy isn’t immune to the economic crisis and had a very rough last quarter. The country’s largest electronic retailer watched same-store sales fall 5.3% over last years and net earnings take a 77% face plant. Best Buy did see a net sales increase but that was due to new store openings. Blue-collar terms? They aren’t doing so well, haus. The company is offering 4,000 headquarter employees buy-out packages and face a rough future. While it is unlikely Best Buy will end up in the poor house with Circuit City, the retailer has some cost cutting to do. → Read More
BlackFriday.info just posted Circuit City’s Black Friday ad. Hopefully the company will live to see next year’s ad, too. Some notable good deals: SanDisk 1GB MP3 Player Express for $16.99 HP Pavilion laptop for $399 Good deals on video games DVDs from $3.99 $100 off select Garmin GPS units $99 Tom Tom GPS Blu-ray discs from $8.99 SmartParts 5.6-inch digital photo frame for $41.99 → Read More
We all know Circuit City is in the pooper, but Time gives a little back history for those not familiar with Circuit City’s last decade of suck. Best part? For many consumers, however, Circuit City’s most obvious failing was its customer service. In March 2007, it announced plans to lay off its highest-paid hourly employees, including salespeople, and replace them with cheaper workers. That same year, then CEO Philip Schoonover received some $7 million in compensation. It may come as no surprise, then, that a quick Web search on “Circuit City complaints” brings up hundreds of thousands of entries. Yup, not a good idea. Lets lay off all the people that understand the product and enjoy their jobs, only to replace them with $10 hour newbs. Good idea, Schoonover. [thanks for the tip, Akia789] → Read More
Circuit City has a lot to be thankful for this Thankgiving after a $1.1 billion dollar loan from Bank of America. That amount should cover operating expenses and take care of inventory concerns over the holiday season. In addition to yesterdays bankruptcy, Circuit City owes HP and Samsung, among the rest of the debt, over $2.3 billion – $119 million to HP and $117 million to Samsung. Samsung and HP are even considering withdrawing its wares from Circuit City’s shelves after yesterdays fillings. Maybe after this loan though, you will still be able to buy ‘em for a bit longer. The question then becomes though, how will Circuit City screw it up this time? → Read More
Adios, Circuit City. You will be remembered forever as a not-good-enough version of Best Buy (even though Best Buy is pretty suspect, too.) Yes, Circuit City has officially filed for Chapter 11 bankruptcy protection. It did so last week, when we were busy talking about store closings and fake sales. It is, I think, the biggest tech-realted failure (if that’s the right word to use) of the current economic downturn. Be sure to watch its stock price this morning. → Read More
Red shirt Circuit City workers aren’t the only employees getting the pink slip as a report by the Richmond Times-Dispatch indicates that headquarter staffers will be laid-off too. The Circuit City local paper estimates that 500 – 800 people will be let go from the Richmond, VA home base and the remaining 1,000 white collared workers will be consolidated into one building. Does anyone have any good news about Circuit City? Has the company rescued a kitty stranded in a tree lately? It just seems that every piece of news is bad news for the retailer. Oh well, that’s what they get for scamming customers. → Read More
Circuit City is hurting right now and apparently that is justification for ripping people off under the umbrella of a liquidation sale. These so-called sales are within the 155 stores that are being shut down immediately, but a few reports have indicated that prices are being marked up and then receive a magic 10% off, resulting in a “sale.” In fact, these in-store prices are higher than the Circuit City website which is exactly counter the latest Circuit City ad campaign which claims “A One Price Guarantee.” Really, Circuit City? Have you slumped to the same level as furniture sales where you need to simulate sales in order to sell your wares? Wow. So is there any reason to shop at Circuit City now that even their liquidation sales aren’t really sales? → Read More
Circuit City’s awful, awful loss is our gain. The company is starting to close all those stores now, and is subsequently marking down the prices of all sorts of electronic gizmos. You can expect to save up to 30 percent on merchandise. My local Circuit City, which has always served me well, is staying open, so I won’t get to partake in the festivities. → Read More
