Circuit city

[wch]

Wonder how good the Sale will be? Might stop by at 10:00 am to see if the parking lot is jammed in the Waldorf store.

Circuit City

 

[Claff]

Went there Friday around 7PM and the amount of customers seemed to be the same as business as usual. That might change when they go to fire sale mode but I'm guessing all the good stuff will wind up getting shipped back to distributors and we'll be left to pick through the open box/junk left over.

 

[wch]

Went there Friday around 7PM and the amount of customers seemed to be the same as business as usual. That might change when they go to fire sale mode but I'm guessing all the good stuff will wind up getting shipped back to distributors and we'll be left to pick through the open box/junk left over.

wonder how much of the stuff will end up in the laid off employees car trunks?

 

[Tilted]

Went there Friday around 7PM and the amount of customers seemed to be the same as business as usual. That might change when they go to fire sale mode but I'm guessing all the good stuff will wind up getting shipped back to distributors and we'll be left to pick through the open box/junk left over.

I don't think that will happen, for a couple of reasons. First, their suppliers should get some of their money back, since CC's balance sheet isn't THAT bad. The last thing those suppliers want is a bunch more inventory of these discretionary type items, which they no doubt are having a hard enough time moving anyway. Even if they could only recoup 40 or 60% of the value, I bet they'd still rather have the cash.

More importantly, they just couldn't do it that way. If CC has taken possession of the items, they are assets that belong to the company. They've bought the stuff, they just haven't finished paying back the loan they took out to pay for it. Being under the bankruptcy shell as they are, they can't just make whatever decisions they want about the disposition of those assets. Part of the court's job is to protect the interests of ALL of CC's creditors, so they probably wouldn't allow CC to pay back specific creditors out of their asset pool (which is what giving certain merchandise back to a particular supplier would be doing).

There will be an outside firm come in to run the liquidation process, and they will decide how best to liquidate stuff. Their responsibility will be to recoup as much value as they can - and then that value will be used to reimburse CC's creditors.

What probably will happen though, is those good items will get sold early on, before the really, really deep discounts are used. So, you are right, the best values will be on the less desirable items.

 

[jsouthan]

We ran in there today because we were right by there, we were planning on buying a TV for the downstairs in the next month or so anyway and the guys out on the street had signs that said "30% off Lowest Ticketed Price". When we got in there we found out it actually said "up to 30% off...". The only things 30% off were furniture, accessories and a couple of other things no one would be buying. Everything else was either the regular sale price or 10% off, "whichever is in your best interest".

 

[vanbells]

I picked up a couple of Blu Ray movies. Too many people there. You're better off buying off Amazon though.

 

[Claff]

Went back today to get a rebate issue straightened out after buying a laptop yesterday. It was a zoo in the mid-afternoon, a dozen deep in two lines for the registers. It'll get picked over even quicker than I first thought since I assume they're not going to get any more new stuff coming in.

 

[Bavarian]

Went their yesterday, no real bargains. The 10% off made the prices closer to regular prices at Best Buy, BJ's, Target, Walmart, etc. Long check-out lines and the girl messed up my discount, so cost me more than usual. Debating going back up and seeing if they will fix it. They compute discount by hand.
Bottom Line, not worth it.

 

[willie]

Their liquidation prices are just as bad as the prices they had that got them into this mess.

 

[dems4me]

I was there this afternoon...it was packed, no sales people on the floor that I could see and if there were one it would have been 80 people per assistant per department. You could barely walk without bumping into people blowing by you. I got out of there and went to Best Buy where the prices were better, more of a selection and a lot less croweded.

 

[getbent]

I read somewhere (couldn't find the article though) that sometimes these places mark up the prices when "going out of business" so it only looks like a good deal.

 

[SoMdDude]

I read somewhere (couldn't find the article though) that sometimes these places mark up the prices when "going out of business" so it only looks like a good deal.

Not just sometimes, ALL The time.

Any time there is a "liquidation sale" they hire a separate company to come in, and mark prices up 25-30% first, then they slap the 30% off sign up. Sure there are deals to be found at first but people flock to those things so deals cant really be found after the 1st day. Dont waste your time at liquidation sales, my 2 cents.

Oh ans seeya circuit ####ty , you sucked anyway heh

 

[getbent]

Yeah, I never really liked them that much anyways. Went by there last Friday and the parking lot was packed.