We all know by know that Circuit City is a world of hurt, with the recent bankruptcy and all, but what Sony Electronics President, Stan Glasgow, recently said about the retailer sums it up nicely. I don’t see Circuit City going away, I don’t want to see it go away. Jay and I have seen in our years in the business that there hasn’t been a successful transition out of Chapter 11 by a… → 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. → Read More
Circuit City seems to be having big inventory issues right now. We know that the retailer is restructuring under Chapter 11 and recently received a $1 billion loan from BoA, but inventory issues are rampant according to a Circuit City employee email. This employee’s store is one of the largest in his state and that store still hasn’t received new CD and DVD releases this week. The… → 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. → Read More
There have been reports that the Circuit City liquidation sales rely on false pretenses and incompetent liquidators. Example: this 5% off tag for what appears to be an HP 12.1 inch laptop. Nice, huh? Anyone else got some tasty pics for us? → 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… → 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… → 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… → 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
Just in case you’re wondering if your local Circuit City store is going to be open this holiday season, Circuit City just announced the list of the 155 stores closing ASAP. [PDF link] These stores will be shut down quickly, with Firedog employees and Roadshop installers allegedly getting cut today and the inventory transfered to other locations. Do not expect liquidation or blow-out sales as… → Read More
Consumerist.com is reporting that Circuit City may be announcing at 8 AM tomorrow morning that it’ll be closing 155 of its stores. This is still a rumor, so take it with a grain of salt, but it wouldn’t be surprising in lieu of the company’s recent financial woes. There was an article in the Wall Street Journal a couple of weeks ago saying that Circuit City was “considering a plan to close… → Read More
Circuit City latest financial struggles come in the form of a letter sent from the NYSE. Because CC stock averaged a $1 or less closing price over the 30 days, the fund is falling short of the exchange’s requirement. The company has 10 days to specify how the company is going to remedy the situation and maintain an average trading price of $1 or higher within six months. The fund will… → Read More
Dark days are ahead for Circuit City stores as the retailer is contemplating closing at least 150 stores and axing thousands of employees. This would free up millions in extra cash flow that the fledgling, dying, rotting, dead electronic retailer desperately needs after a recent credit downgrade puts Christmas inventory at risk. At one time, Blockbuster was going to take over Circuit but… → Read More
Circuit City isn’t the only brick and mortor retailer stuggling as Tweeter might soon be shutting down. The retailer’s CEO was replaced by a restructuring firm exec and sent out a nice little letter to all the employees. “in light of the current extreme economic conditions and the company’s recent performance,” and that the move “is in the best interest of the… → Read More
Dar be rough waters ahead for ‘ol Circuit City and coupon code CAAXJ9DA8E will get ya 15% off a CircuitCity.com order from 10/12 to 10/18. Enjoy! via GadgetReview → Read More
Tough times at Circuit City, which you can now buy outright for something like $38 and doing the CEO’s dry cleaning, as a credit agency has just warned manufacturers about shipping merchandise to the store. Seems the credit agency, Bernard Sands, isn’t sure whether or not Circuit City would be able to pay the manufacturers on time. So… a store, which, by definition, is in the… → Read More
Well look at that. Circuit City is offering up the LD BD300 for $50 under the launch MSRP of $399. Better yet, the shipping date is only a few days away on October 10, 2008. Amazon however, still lists the unit at $399 so no word if this is the price is from LG or if it’s a Circuit City promotion. Either way, this is one hell of a deal. You get not only a Blu-ray Profile 2.0 BD Live capable… → Read More
The financial crisis is hitting the technology sector hard. Apple (AAPL) is down 18 percent over the last 16 months and Google slipped below $400 a share for the first time in two years. Best Buy (BBY) hit its lowest mark of $35.64 since 2005 and Circuit City (CC) just hit .77 cents a share. Want more? RIM (RIM) is tumbling, Nokia (ADR) is down to 18.43 a share verse 38 at the beginning of the… → Read More
If you’re in the market for an Xbox 360, especially now that we’re post-price cut, you’d do well to buy one from Circuit City. The retailer is giving away a card for 1,600 Microsoft Points with every console purchase. That’s good for at least one of the Xbox Live Arcade games you play for a few minutes at a clip. You should also note that Circuit City is selling a few games… → Read More
AT&T wants a some of the tasty in-home service cake currently being enjoyed by Geek Squad, Firedog, and your local nerd herds. ConnecTech’s prices start out at a reasonable $69 for basic PC/home network telephone support all the way up to $849 for large flat screen hanging along with 7 wall mounted speakers. Let’s take a closer look and see how the service stacks up against the… → Read More
There was a time that a salesman actually needed to have enough skill, or knowledge, to sell a product — not both though. Circuit City got away from salesman way back in 2003, and now they are further enhancing their minions with some tablet PCs. EDGE, which creatively stands for Enhanced Digital Guide Experience, was created with customer in mind, but to be used by the associates on Windows… → Read More
First, I didn’t think MAD was still in publication and I thought the only thing left was the stupid FOX show, but it’s nice to see that it still is. In issue #492, MAD has a 4-page spoof of a Circuit City (aptly dubbed “Sucker City”) ad that bashes on the retailer and corporate was not very happy about it. The result: immediate removal and destruction of all issues of MAD… → Read More
Blockbuster has withdrawn its bid to acquire Circuit City. Jim Keyes, Blockbuster Chairman and CEO, said the company’s decision was based on market conditions and the completion of “initial due diligence,” but said that he hasn’t given up on the dream of “a consumer retail proposition” that would marry content and devices “under one brand.” → Read More
I’m the resident customer service curmudgeon around CrunchGear. I’ve worked customer service as both a peon and manager, and I’ve been on the other side, so I know what’s reasonable to expect. As I said a few weeks ago, if Circuit City destroys your car trying to install a stereo, they should fix it completely. Circuit wasn’t doing that, but reports are that… → Read More
Blockbuster has just made a bid for Circuit City, effectively offering shareholders double what their shares are worth. The $6 to $8 bid (Circuit City stopped trading at $3.90 last week) hasn’t just confused me, but real life retail analysts. Said one, “It’s an odd move… Synergies between a video store and an electronics store aren’t that obvious.” I agree. To… → Read More
I drive a Kia Spectra that I just love. I bought it brand new 2004 and one of the first things I did was have an iPod adapter kit installed for the car stereo. I’m an iPod guy, and I want to take my songs with me always. I took it to Circuit City and while the install was fast, they messed up the facing on my dashboard, so now it just sort of hangs there. They told me there was nothing they… → Read More
TG Daily is reporting that Circuit City has begun spring-cleaning on HD DVDs by offering them with discounts up to 50 percent. Can anyone confirm this? → Read More
[photopress:ccitybr.jpg,full,center] A little birdie wearing the red of Circuit City whispered into Giz’s ear, saying that the electronics retailer will let consumers exchange their recently purchased HD DVD player for a shiny new Blu-ray one. Only players sold within the last three months qualify—Christmas shoppers would be right on the border of qualification—and Circuit City… → Read More
There’s some pretty sweet stuff going on Friday at Circuit City. You can get a 42-inch Sharp Aquos LCD HDTV for $800, a Roadmate GPS System for your car for $125, or maybe you just would like a fully-loaded laptop for $300? Sure, it’s an HP Compaq, but at three bills you can hardly complain. There’s more deals than that, including some stocking stuffers for pocket change. → Read More
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