The CC website says that today there may be liquidation sales at some CC stores. From what I've heard, there will not be many bargains since the liquidation co will be out to make the most they can. They will honor CC gift cards so if you gottem you must use them now or lose them.
Circuit City bites the dust
- Thread starter kenstrac
- Start date
- Views: 3503
Scooby074
Super Member
Hopefully somebody steps up. There's 765 stores in Canada with lots of employees. We cant lose any more stores out of our mall, heck its already like a ghost town in there
The Source has stated that their sales this Christmas were above forecast so maybe that will entice a buyer.Crunch time for The Source in Canada
dmccarty
Super Star Member
No, you remember correctly. It was the dumbest things I have ever heard a company do. Fire the people who bring in the most money. How the directors did not fire the CEO on the spot is beyond me.
They also messed up a XMAS or two back predicting big screen TV sales. The lost a lot of money then as well.
The wifey passed a CC today. They had people outside waving those big foam hands and advertising 30% off.
Its really sad.
Later,
Dan
rox
Veteran Member
I STILL miss the Woolworths and Ben Franklin stores!
2manyrocks
Super Member
- Joined
- Jul 28, 2007
- Messages
- 8,331
Went into CC today in Middle Tennessee. 10% off TVs and PC's, 20% off dvd/cd's. Walked out without buying anything just like the last time I went into CC a couple of years ago.
Maybe they are counting on a run on TV's as broadcasts go digital?
Maybe they are counting on a run on TV's as broadcasts go digital?
Ductape
Elite Member
The problem is....... they mark the prices UP before they mark them down. Buyer beware !!
mjarrels
Elite Member
- Joined
- Nov 19, 2005
- Messages
- 2,835
- Location
- Virginia
- Tractor
- 1949 farmall, 1961 Fordson Dexta, 1986 Duetz Allis, 2001 Kubota.
Dang... one of the kids that rents my old house works at CC... My son who lives there also sez Jon (CC employee) doesn't know anything about the products he sells! I may have just lost some income?
mark
mark
EddieWalker
Epic Contributor
It seems to be fashionalbe to blame the "economy" for the demise of certan businesses, but with Circuit City, I think it's been long overdue. When they first opened, they were the only ones around doing what they did. Lots of electrocnics to choose from with good prices. Service has always been second to them, but if the price was good, people seemed willing to put up with the bad service.
When Best Buy came along, it was night and day. I think Best Buy targeted Circuit City and put their stores as close to a Circut City as possible. Given the choice, people went to Best Buy.
When looking for a new computer monitor, I found what I wanted at Best Buy, but they were all sold out. It was going to be a week until their next delivery. We went to Circuit City to see if they had one, which after searching around and getting a guy to help us, we found it. The price was more, so I asked for the same price. They said that they would if I could prove the other price. It was on an add and easy to prove. Then they said they needed to get a manager to aprove it and that might take awhile. Even though they had them in stock and with some effort on my part, they agreed to sell it to me at the same price as Best Buy, the waiting around for a manager and our sales guy disapearing on us, we gave up and left.
Both places were full, but at Best Buy, people were being helped, while at Circuit City, they were not. The reason the went ouf of business is that they were not making money. The reason the were not making money is they didn't take care of their customers, so the customers went some place else.
I would expect a good porthion of those who lost their jobs at Circuit City will find jobs at places like Best Buy if they want to stay in that field. Their previous customers are going to shop somewhere else, and that extra demand will force those companies to hire new people.
Eddie
When Best Buy came along, it was night and day. I think Best Buy targeted Circuit City and put their stores as close to a Circut City as possible. Given the choice, people went to Best Buy.
When looking for a new computer monitor, I found what I wanted at Best Buy, but they were all sold out. It was going to be a week until their next delivery. We went to Circuit City to see if they had one, which after searching around and getting a guy to help us, we found it. The price was more, so I asked for the same price. They said that they would if I could prove the other price. It was on an add and easy to prove. Then they said they needed to get a manager to aprove it and that might take awhile. Even though they had them in stock and with some effort on my part, they agreed to sell it to me at the same price as Best Buy, the waiting around for a manager and our sales guy disapearing on us, we gave up and left.
Both places were full, but at Best Buy, people were being helped, while at Circuit City, they were not. The reason the went ouf of business is that they were not making money. The reason the were not making money is they didn't take care of their customers, so the customers went some place else.
I would expect a good porthion of those who lost their jobs at Circuit City will find jobs at places like Best Buy if they want to stay in that field. Their previous customers are going to shop somewhere else, and that extra demand will force those companies to hire new people.
Eddie
As of yesterday the goob (going out of business) sale was a whopping 10% off their "regular low price".
OK, I'll check back from time to time, but right now my guess is that the lease on that particular store has to be paid for a while anyway and the liquidators are playing for all they can get (standard biz model).
Yes, there is a limited "need" for businesses that cater to our excesses once the market reaches saturation.
There is a realistic limit to the amount of wall space I will allocate to plasma or LCD screens depicting the same "nothing worth watching".
OK, I'll check back from time to time, but right now my guess is that the lease on that particular store has to be paid for a while anyway and the liquidators are playing for all they can get (standard biz model).
Yes, there is a limited "need" for businesses that cater to our excesses once the market reaches saturation.
There is a realistic limit to the amount of wall space I will allocate to plasma or LCD screens depicting the same "nothing worth watching".