CircuitCity DEAD -

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so who's gonna compete with best buy now?

even the liquidation prices are really not that good, especially during the first few weeks....

I've seen other stores like Mervyns that priced everything based from the manufacture then discount which is basically raising the prices then saying it's being discounted....what a sham....

Good luck to all...

Doesn't surprise me. They usually don't have what I want and it they do its usually at the wrong price.

Good riddance to a shining example of a poorly run company. CC's problems started years ago.

The whole DIVX thing was of course an unparalleled fiasco. It was only on the market for a couple of months and cost them hundreds of millions of dollars and who knows how much in bad press and negative consumer opinion.

Shortly after that, they gutted their major appliances department and stopped selling fridges, washers, dryers, etc. That reduced traffic to their stores quite a bit.

They were slow to react to Best Buy and adapt the way they sold things to customers. For a long time if you wanted to buy ANYTHING in a CC, you had to talk to a sales associate... whether it was a computer or a pack of AA batteries. There were no registers at the front of the store, nor stock on the shelves. That combined with their hard-sale tactics for extended warranties and such forced a lot of people to just go to Best Buy where they could pick their walkman off the shelf and take it to the front with minimal hassle.

Once the results of these bad decisions really started impacting their bottom line, they made a highly public effort to "reorganize" their sales strategy and become more profitable. The centerpiece of this plan was to fire their "highest paid" (which is code for most successful, most knowledgeable) sales associates and offer them their old jobs back at around 8 bucks an hour. Needless to say any sales associates left at the company who knew their ass from a hat told them to get bent, and they filled those positions with ever more minimum wage idiots who couldn't tell you the first thing about the product you wanted to buy.

Throw in the worst retail economy since the depression, and nobody is really surprised in the least.

I'm surprised. This company took risks and when things did not work, they tried something different. Thats good and to be commended. I use to hate these guys, when Silo and Fretters were still around. After they folded, CC still had issues, and I stopped all my sales there. Then last year, I went there to look a new Samsung. Got a great price on a great TV, and when the price dropped two weeks later, got no problem with getting price reduction.

Had same kind of price match come up at BB, was told by manager to forget it. Must return the product and re buy it to get new sales price, and now they were out of the product, so too bad.

"The company said it will redeem its gift cards through the liquidation sale, but the cards will have no value once the stores are closed."

http://money.cnn.com/2009/01/16/news/companies/circuit_city/index.htm?postversion=2009011613

Obviously... legally they can't refuse gift cards until the store is completely shut down.

asdfsdf wrote:

"The company said it will redeem its gift cards through the liquidation sale, but the cards will have no value once the stores are closed." http://money.cnn.com/2009/01/16/news/companies/circuit_city/index.htm?postversion=2009011613

lol, thanks for wasting your time, sucker.

Quote:

Obviously... legally they can't refuse gift cards until the store is completely shut down.

Sure they can. When a store enters bankruptcy, gift card holders become creditors, just like everyone else the company owes money to. They are under absolutely no legal obligation to redeem them. Sharper Image stopped accepting gift cards MONTHS before their stores were all closed. Check your facts.

When they closed down, on their last days, they were selling sdhc 1gb micro sd cards at 90% off and they were still $14.

This is bad news for all of us.
You morons saying "good riddance" must like paying higher prices.
The more competition there is the better off we are as consumers.
I know that's hard to grasp for some of you Obama loving sheep, but thems the facts.

If the gift cards are rejected then you should take them back to the person who gave it to you and ask for the cash equivalent. If the person refuses then regift the card back to them at a later date. Also, 1080p makes more sense than 720p because as we all know more is better!

Quote:

This is bad news for all of us. You morons saying "good riddance" must like paying higher prices. The more competition there is the better off we are as consumers. I know that's hard to grasp for some of you Obama loving sheep, but thems the facts.

Removing an underperforming retailer that wasn't competitive in the least in terms of price, customer satisfaction, or quality doesn't hurt anyone, it just keeps more people from getting taken. Something like 80% of consumer electronics purchases are made online now anyway, and the "reduced competition" from circuit chitty going under isn't going to affect that in the least.

hopefully theyre not going to ask that i pay my cc card balance in full right away, that would be annoying.

30 000 Americans are about to realize that real jobs are in Making tangible stuff, not about making giant warehouse stores to sell stuff imported from Asia.

#33 if you are going to blame Obama at least wait for him to take office. Otherwise you end up sounding like a complete idiot. In the meantime read the following article on your saviours Di*ck and Bush:

Cost of the Bush era: $11.5 trillion

http://articles.moneycentral.msn.com/Investing/StockInvestingTrading/cost-of-the-bush-era-11-point-5-trillion.aspx

Does Jeppy ride a short yellow bus in the mornings?

Obama's recession claims another vicitim ... RIP, Circuit City.

#58, LOL!

#39, do you still live on breast feeding, sap?

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