Circuit City official bankruptcy watch: final days, 90% off games, ends 03/08/09

[Ice2Dragon]

if they are using the chapter 11 to avoid making payments then hell no. better to cut your losses. if they are actually working on paying then i might..... big might....

do you honestly think they are going to be able to pay, ever? This liquidation sale wont help any, they are screwed regardless...

Unless best buy buys them.. lolz

[pazuzuindc]

do you honestly think they are going to be able to pay, ever? This liquidation sale wont help any, they are screwed regardless...

Unless best buy buys them.. lolz

liquidation does not happen for all stores unless the company declares chapter 7 bankruptcy, which is the we give up take everything we have my bad wcant pay you people come and get it bankruptcy. Chapter 11 allows them to come up with a plan to save the company.

What i love is i went to the circuit city web site around 6pm est tonight and they had the stock price of i think .20 cents a share....as of 10:30est in the morning. I also noticed a letter from the stock exxhange stating they were in danger of being delisted because they have gone over 60 days with a stock price under $1. How sad is that. And their market cap is only around 6 million. best buys market cap is 10.5 billion.

i seriously want to go buy a few shares, get the stock certificates and give them out as christmas presents for people i hate.

[pazuzuindc]

Jesus titty-farking Christ. I guess the thing about Sony demanding that shipments in transit to CC be sent back probably has some truth to it.

i had not heard that

woooooooow :whee:

[pazuzuindc]

"In Monday's filing, Chief Financial Officer Bruce Besanko said the company hoped to secure financing to continue its turnaround. The company expressed hope it would be able to emerge from Chapter 11 in the first half of 2009.
"Without immediate relief, the company is concerned that it will not receive goods for Black Friday and the upcoming holiday season, which could cause irreparable harm to the company and its stakeholders," Besanko said."

http://www.reuters.com/article/marketsNews/idINN1042130420081110?rpc=44

[Guerrilla]

I'm sitting on a $10 gift card and $70 rewards certificate I was going to use to help buy an Elite. Of course, every fucking store in a 50 mile radius is sold out of the holiday bundle. No big deal, I was just going to try to sell the two games and make back another 20 bucks or whatever they are going for.

So for those more familiar with the process stores go through at this point - do you think I should just buy the Elite without the bundle (or get someone else to buy the bundle for me at a store near them and ship it to me), or will stores be replenished in the coming days/weeks?

I don't care either way, the point is I just want to use these things before something happens where suddenly my discounts are not able to be used. I know the stores aren't closing up RIGHT THIS SECOND but I'd rather get it over with now.
Probably not worth waiting for, since there's a good chance Microsoft won't send any if they haven't already. If anyone has seen one on the other hand...

[neocisco]

CC released a statement that they "had enough money to pay employees, keep the stores open, and honor gift cards."

We've heard this one before...

If my paycheck bounces I'm looting my store. I'm not kidding.

Trickle down economics. We bailout CC, they pay their employees, and Burger King, cable porn operators, and local weed dealers stay economically solvent.

Oh yeah? Well, all guys with tattoos are either meth dealers or users. So there.

[Ice2Dragon]

If my paycheck bounces I'm looting my store. I'm not kidding.



Oh yeah? Well, all guys with tattoos are either meth dealers or users. So there.

Can you loot me a girl with piercings? Im into the goth thing.

I have paypal and a 360 for trade.

[KaneRobot]

Probably not worth waiting for, since there's a good chance Microsoft won't send any if they haven't already.

Yeah, I got spooked. Sent some money to someone along with my coupon codes, they're picking it up for me this week.

[gantt]

I was able to return a gift card from a recent game launch deal. Didn't want to be stuck with any of those. I'm rooting for them, warts and all, but I have very little hope.

[Monsta Mack]

I just wanted to thank neocisco and speedy and any other CC employee for providing CAG with their weekly markdowns and ads. Best of luck to any CC employee finding a new job next year, and that it hopefully pays them as much if not more then what they currently make.

[sprintfinanceguy]

I'm actually neck deep in an interesting situation with them now. I bought a TV from them a few weeks ago, and since then 2 things have happened:

1) They closed down all 5 stores in my area, leaving me a 4 hour drive to the closest store that is not part of the liquidation sale.

2) They mistakenly put the wrong price on the TV for about 8 hours on their website last friday, marking it at the 61" price instead of the 67" price. About a $200 difference.

Because they advertised the price lower than what I paid, I want them to price match it. However, the stores around me can't do returns/exchanges/pricematches because they are now controlled by the liquidators, and they don't want employees who are about to be let go to have that kind of power.

The phone people told me I could only handle this in the store.

I think I finally got someone on the phone to agree to it, but he had to send it to another group to process and they are supposed to tell me what's happening today. Either way I got a SMOKING deal on a 67" TV, but I seriously want to try get the $200 I feel I'm owed according to their policy as well.

[dyeknom]

10 cents a share

Just a bit of warning for those buying things... unless the extended warranties are offered by a third party... it may not be a good idea to buy one for products purchased from them given their ... situation... because that is one situation that the types of warranties become worthless.

[pazuzuindc]

10 cents a share

Just a bit of warning for those buying things... unless the extended warranties are offered by a third party... it may not be a good idea to buy one for products purchased from them given their ... situation... because that is one situation that the types of warranties become worthless.

on the circuit city web site, main page there is a letter from the ceo, it contains this text

"In addition, Circuit City Advantage Protection Plans® and Circuit City co-branded credits cards are provided to you by unrelated third-party companies and, as a result, are not impacted by the company’s Chapter 11 filing. We are maintaining our commitment to bringing the focus back to you, our guests, and making it much easier to shop with Circuit City"


i still would not buy one. i know that the third pary company would still honor the warranty but it might be a mail in deal since the stores might not be there anymore.

[dyeknom]

on the circuit city web site, main page there is a letter from the ceo, it contains this text

"In addition, Circuit City Advantage Protection Plans® and Circuit City co-branded credits cards are provided to you by unrelated third-party companies and, as a result, are not impacted by the company’s Chapter 11 filing. We are maintaining our commitment to bringing the focus back to you, our guests, and making it much easier to shop with Circuit City"


i still would not buy one. i know that the third pary company would still honor the warranty but it might be a mail in deal since the stores might not be there anymore.

Well, that clarifies a little bit... but in the event of a merger with another company those plans may be subject to the purchasing company's extended warranty plans. Just something to think about :)

[pazuzuindc]

Well, that clarifies a little bit... but in the event of a merger with another company those plans may be subject to the purchasing company's extended warranty plans. Just something to think about :)

i doubt they would change anything for 2 reasons

1) they dont have to pay money for claims, the third party does
2) being count one exists, they would not piss off customers with no financial gain.

[dyeknom]

i doubt they would change anything for 2 reasons

1) they dont have to pay money for claims, the third party does
2) being count one exists, they would not piss off customers with no financial gain.

Conjecture about business is great, but barring some explicit exceptions by a merging company... the purchasing company's extended warranty plan controls.... period. I didn't say it "will" happen, or even that a merger or buyout will happen, but it is a likely scenario through strict reading of black letter law and is something to consider prior to purchase.

[The Successful Dropout]

Just tried to search for hellboy 2 to see what it was going for at Circuit City and the site told me to go to a store. Guess you can't buy movies there online any more?

[rmb]

I wasn't sure if their warrantys were third party or not. Didn't matter as I wasn't buying one anyway.

I got a call last week from CC. I was wondering why they were calling when I realized they were going to try and sell me a warranty on the tv I bought last Nov. I told the sales person I'm not interested because it isn't worth the paper it is written on since CC would be out of business in 6 months. Then all this new info comes out the next day. I may have been wrong about the warranty but I still got a good laugh at the sales guys expense!

[neocisco]

.02 a share!:rofl:

I just wanted to thank neocisco and speedy and any other CC employee for providing CAG with their weekly markdowns and ads. Best of luck to any CC employee finding a new job next year, and that it hopefully pays them as much if not more then what they currently make.

Thanks, I appreciate that.

[Dead of Knight]

I got a call last week from CC. I was wondering why they were calling when I realized they were going to try and sell me a warranty on the tv I bought last Nov.

:rofl::rofl::rofl: Did the guy make hundreds of unsolicited calls to people just to sell a few warranties? Holy shit they're desperate! :rofl::rofl::rofl:

[neocisco]

I went to the CC site to order BoB BR and CC has pulled ALL of the DVD's and CD's from the site. It's just a page that offers a link to the store locator.

[pazuzuindc]

"Nov. 11 (Bloomberg) -- Circuit City Stores Inc. (http://www.bloomberg.com/apps/quote?ticker=CCTYQ%3AUS), the consumer electronics chain that filed this year's biggest retail bankruptcy, arranged $1.1 billion in financing that gives the 59-year-old company another chance at survival.
The seller of televisions and computers sought protection from creditors yesterday and won court approval for a Bank of America Corp. credit line that Circuit City said will help pay for its emergence from bankruptcy next year.
Suppliers cut off credit to the Richmond, Virginia-based retailer and demanded cash (http://www.bloomberg.com/apps/quote?ticker=CC%3AUS) for shipments to almost 1,500 U.S. and Canadian stores (daaaaaaaaaaaaaam) on the eve of the holiday shopping season. "

looks like they might survive.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aUWFepE6IBnQ&refer=home

[Caliburn]

Hm, still floundering on when to spend my Ninja Gaiden II $20 GC...probably sooner than later, probably when a new round of clearances emerges. It doesn't seem like consumers will end with useless credit like Sharper Image GCs but I will certainly use it on anything if its conditions deterioate further. But, the credit for them seems encouraging.

[BillyBob29]

This move just gives CC a little more time and should enable them to operate their remaining stores through the holidays. But if the economy continues to weaken, and consumer spending continues to weaken, they won't survive through next spring/summer.

[Dead of Knight]

I went to the CC site to order BoB BR and CC has pulled ALL of the DVD's and CD's from the site. It's just a page that offers a link to the store locator.

Omg, just did this myself. Epic lulz.

[neocisco]

I went to the CC site to order BoB BR and CC has pulled ALL of the DVD's and CD's from the site. It's just a page that offers a link to the store locator.

There's an internal memo saying that it's temporary. We'll see...

[Friend of Sonic]

There's an internal memo saying that it's temporary. We'll see...
How in the hell am I going to get Kung Fu Panda delivered to my doorstep?

[lakers310]

So when do the percentages start dropping? Or does it vary by the store?

[Demolition Man]

How in the hell am I going to get Kung Fu Panda delivered to my doorstep?

Amazon.com my friend.

[El Gray]

So when do the percentages start dropping? Or does it vary by the store?


No changes in Atlanta as of last night. Anyone check today? It has been a week now.

[neocisco]

Nothing today.

[Friend of Sonic]

I hope they drop soon. I want some clearance games when they hit 30-40%.

[joeboosauce]

I went last night and its still friggin only 10% off!!! And thats off of their non-sale price!! Thats only $54 for Resistance 2. Doesn't match even the $10 gift card. Plummet already!!!

[chronodev]

I just bought a laptop there (they had a good deal), I hope the store warranty is still gonna be valid (though otherwise I still have the Toshiba manufacturer warranty)

[nny77713]

I have a student that works at one and he said they dropped the VG to 15% last night.

[joeboosauce]

I have a student that works at one and he said they dropped the VG to 15% last night.

Thanks! But only 15%?!? Dang this clearance sale might suck ass. It already does... I was thinking it would drop to at least 20%.

[DaOGFREAK]

just to let everyone know about the protection plans they have. they will still be honored no matter what... they are backed through a 3rd party company. hope that eases some minds a little...

[jaysapathy]

If you were stupid enough to buy a protection plan through CC, you deserve what you get. When they go out of business, their contract with the third party becomes void, so the outside company is no longer required to honor your warranty. Especially because they won't be getting any money out of it. When something goes wrong, they fix it, send it back to CC, and foot them the bill. No company to pay the bill = no repair.

Seriously, if you have a warranty, see if you can return it or something. Spend your gift cards quickly so you don't get shafted with the "Those are no longer valid here" shtick. This company is going down fast, and there's not going to be anything left when the ashes stop smoldering.

[ITDEFX]

I was at the CC in Manassas, VA. Holy shit the entire parking lot was FULL!

Go in, the entire store was PACKED. Walked out empty handed like the others... nothing really good.

[neocisco]

We're absolutely slammed today. Since this started 11/5, my store has done over half a million.

[SaraAB]

I was at the CC in Manassas, VA. Holy shit the entire parking lot was FULL!

Go in, the entire store was PACKED. Walked out empty handed like the others... nothing really good.

That seems to be par for the course for a liquidation sale, tons of foot traffic but very few people actually buying. When they see the prices they leave.

[Zmonkay]

Just to be clear, cc.com will still be around for a while, yes? I have a couple online giftcards for there, but there's not really anything I can't live without right now. Sorry if it's been mentioned, I didn't see it, other than the odd cds and dvds thing...

[ITDEFX]

LOL I tried to get Spiderman WoS that was tagged 16.xx but got shot down because the tag was on the OUTSIDE of the plastic security case. :bomb:

[nny77713]

Just got back from a closing CC. It was packed, I have never seen this CC with more than 20 people in it before. Lines were long, so people were buying some stuff. DS games were picked over. The rest of the games section was a mess. Games all over the place. 15% is very weak, hopefully they drop the percent this week, once Thanksgiving hits, they will wiped out. I would accept Fable 2 and Fallout 3 at 25% off.

[quadomatic]

Dang, I haven't hit up my cc yet. I should go see...dang it could be good.

[Z(+)DIAC]

I was at the CC in Manassas, VA. Holy shit the entire parking lot was FULL!

Go in, the entire store was PACKED. Walked out empty handed like the others... nothing really good.

Let me guess, was it "Little Mexico" in there?

[CarlosX360]

I am patiently awaiting a good price cut on the HDTV's. I was told to wait until after christmas, but I'm thinking that all the good deals are during black friday thanks to the mass traffic.

[DaOGFREAK]

If you were stupid enough to buy a protection plan through CC, you deserve what you get. When they go out of business, their contract with the third party becomes void, so the outside company is no longer required to honor your warranty. Especially because they won't be getting any money out of it. When something goes wrong, they fix it, send it back to CC, and foot them the bill. No company to pay the bill = no repair.

Seriously, if you have a warranty, see if you can return it or something. Spend your gift cards quickly so you don't get shafted with the "Those are no longer valid here" shtick. This company is going down fast, and there's not going to be anything left when the ashes stop smoldering.




Well you are part right. Yes the contract with CCity with the 3rd party warranty company would be void if they go under, but federal law states that the warranty company has to see through any claim under actual purchases made... so therefore the warranty companies are made by federal law to still honor those claims. Second read up on the finacial listings and claims going on with Ccity right now and youll see its not going under. One of the worlds weathliest men bought out majority stock. redoing board of directors and such. Then there is a latin gentlemen that has recently gained majority shares. so as of right now CCity actually has two of forbes richest men in the world backing it. So again before you rant on what you do not know. might i offer this suggestion about reading up on the topic you are trying to debate. have a great night...

[neocisco]

Is the Latin guy Carlos Slim?

[gantt]

Second read up on the finacial listings and claims going on with Ccity right now and youll see its not going under. One of the worlds weathliest men bought out majority stock. redoing board of directors and such. Then there is a latin gentlemen that has recently gained majority shares. so as of right now CCity actually has two of forbes richest men in the world backing it.

Carlos Slim owned CompUSA. And you're right, they didn't go under. They just liquidated most of the stores and sold the website to Tiger Direct. But for most of us, CompUSA is dead.

[onapartyrock]

Well you are part right. Yes the contract with CCity with the 3rd party warranty company would be void if they go under, but federal law states that the warranty company has to see through any claim under actual purchases made... so therefore the warranty companies are made by federal law to still honor those claims. Second read up on the finacial listings and claims going on with Ccity right now and youll see its not going under. One of the worlds weathliest men bought out majority stock. redoing board of directors and such. Then there is a latin gentlemen that has recently gained majority shares. so as of right now CCity actually has two of forbes richest men in the world backing it. So again before you rant on what you do not know. might i offer this suggestion about reading up on the topic you are trying to debate. have a great night...

The same Latin gentleman that failed at CompUSA? He turns and burns. Tries to fix a company then sells it. If he can't fix it quickly enough, he closes it. From what I've seen, he doesn't always put the best people in control, just people that he trust or family. His system works well for services that people need (telephone companies) but thus far has not worked for distressed retail companies. That said, he is great at making a profit - USA retail just doesn't seem to be what he is good at. If he does buy CC I hope he did learn something from CompUSA and gets rid of all corporate management and replaces them with people who ran USA retailers.

On the warranties, I have seen many warranty companies go under after their main provider of contracts stops selling them. These waranty companies bank on getting more warranties in the future to pay for repairs in the future. I can remember one warranty company that went out of business due to one model of Clevo notebooks that were going bad after the mfr warranty expired, they had a 100% claim rate and the repair was so expensive that they did not have funds to handle them all.

Those that do survive go by the letter of the contract which is usually not good for the consumer. If you buy a TV, computer, etc. you'd be better getting the warranty through the manufacturer or through your credit card company.

[onapartyrock]

Carlos Slim owned CompUSA. And you're right, they didn't go under. They just liquidated most of the stores and sold the website to Tiger Direct. But for most of us, CompUSA is dead.

Half true. Systemax bought out a few leases and the CompUSA namebrand, trademark and website (which has change over to the Tiger Direct format). CompUSA the company is dead as they were responsible for debt, warranties and had some legal issues; Systemax buying the brandname/trademark got the name without having any responsibility for CompUSA's debts, warranties or legal problems.

Tiger Direct is owned by Systemax.

[mva5580]

CC by my house seems to be getting some good traffic, although whenever I go there I just leave disappointed because the prices are still ridiculous. I guess the only things worth going over there to even consider at this point are the really high priced stuff since 10-20% will actually feel like it's making some sort of difference. But I still don't understand why people feel the need to buy things at 10% off when they damn well KNOW it's just going to go up in the coming weeks.

Anyway I'm waiting on the Logitech Harmony One remote to go down to 40% off, if they still have any left by that point. That would put it at 99.99 and I'd definitely buy one at that price. My local CC still has like 15 of them so hopefully they'll make it down that far.

[gantt]

Anyway I'm waiting on the Logitech Harmony One remote to go down to 40% off, if they still have any left by that point. That would put it at 99.99 and I'd definitely buy one at that price. My local CC still has like 15 of them so hopefully they'll make it down that far.

Be aware that instead of continuing to mark them down until they are all sold, the liquidator may just send them all to other stores where they think they will sell at higher prices. I've also seen liquidators send merchandise back to the manufacturer/distrbutor rather than mark it down further. Bottom line, waiting for further drops is a gamble, and you need to consider scenarios other than just individuals buying the remaining stock in ones and twos.

[Link927]

But I still don't understand why people feel the need to buy things at 10% off when they damn well KNOW it's just going to go up in the coming weeks.


They feel like they're getting some sort of discount, and they probably feel that someone else might just buy it before them. And for that reason thats why stores start off slowly and trickle down instead of jumping right onto a 50% off mark.

[bigdaddybruce44]

Tiger Direct is owned by Systemax.

I prefer dealing with Ted's Computer Emporium. I go there with my Uncle Paul.

They feel like they're getting some sort of discount, and they probably feel that someone else might just buy it before them. And for that reason thats why stores start off slowly and trickle down instead of jumping right onto a 50% off mark.

Yep. Carnies and rubes, my friends, carnies and rubes.

[cdeener]

Does anybody know when the next round of percentages are going down? I want to get in on the Blu-rays that are taking up space at my local store but I don't want to buy any until at least 60% off.

[neocisco]

Most likely Wednesday or Thursday. Definitely YMMV though.

[ITDEFX]

Does anybody know when the next round of percentages are going down? I want to get in on the Blu-rays that are taking up space at my local store but I don't want to buy any until at least 60% off.


Good luck getting good BR's at 60%.... you might be able to find left over junk but nothing really good.

[rmb]

Well no stores in my area are closing but I don't think CC will be around much longer here either. I went in to pick up games from this Sun. ad and was there when they opened and they had nothing. I know they sold tons on bf but most stores get shipments in. Evidently they did not!

[YoshiFan1]

Something I don't understand is who had the idea to have such extended holiday hours? I noticed yesterday they were open until 10:00. I was there at 7:00 and there were less than 10 customers in the store, I'm sure by 8:00 there were next to none. It seems like a waste of money for them to be open that late and have so many people standing around. I really want to see the company survive and stuff like this isn't going to help.

[neocisco]

Because that's they way it's always been and changing it would require effort and thought, 2 things sorely lacking at CC corporate. I was with you hoping CC would survive, until last week. Corporate has decided to not pay previously accrued PTO to all employees being laid off from the store closings. I'll never spend another dollar there again. One of my friends is out about $2K in PTO. I smell the potential for a class-action lawsuit. CC can die.

[shrike4242]

Because that's they way it's always been and changing it would require effort and thought, 2 things sorely lacking at CC corporate. I was with you hoping CC would survive, until last week. Corporate has decided to not pay previously accrued PTO to all employees being laid off from the store closings. I'll never spend another dollar there again. One of my friends is out about $2K in PTO. I smell the potential for a class-action lawsuit. CC can die.I guarantee you there will be a class-action lawsuit for unpaid PTO, especially if it was in the employee handbook that they would pay it out on leaving CC.

Then again, the dick move on their part would be that they're letting you go with closing the store, so they don't have to abide by the employee handbook. :roll:

I don't see many reasons to spend money there either, especially with behavior like that for former employees.

[Montes]

30% off for games.

Resistance 2 collector's edition for 41 bucks....

[ITDEFX]

Came back from Manassas, VA CC..

CAREFUL WITH THIS ONE!!

Apparently the 60 gb hard drive is going for 99.99 after 40% off :bomb: WTF liquidators!?!?!

I did see the PS2 for 100 bucks...not too shabby if your in the market for one.

They were selling that halo 3 editions of the 360 for about 249ish I think
No Elite's
No PS triples.

40% off blu rays but not much

Music is 80% gone!!

I did pick up a thin dvd recorder for my mom's evario (sp?) JVC video camera that is listed for 200 on CC's site for about 60 bucks!! brand new.

The video camera accessories are 70% off..so that's a good deal.

[El Gray]

PC games are down to 40% off. I snagged the last copy of Fallout 3 from the Buckhead/Atlanta store the other night for a friend.

Game guides are 70% off, but the one I bought was actually pennied out.

[IAmTheCheapestGamer]

I still don't trust this chain. I ordered the Venture Brothers 2 season set from them on Thanksgiving Day. It was and still is listed as backordered, yet they charged my credit/debit card today, sending me an e-mail saying they 'got in the product'.

Here's to hoping they actually DO have said product and ship it out soon. Otherwise, they'll be hearing from me.

[kmgamer88]

Hi guys,
Just came back from circuit city that was going out of business and got :

Fallout 3 Collector's Edition (xbox 360) 36.99
Saint's Row 2 Collector's Edition (xbox 360) 36.99
Oblivion Game of the Year Edition(xbox 360) 17.99

These were at the 40% off level.
This was at New York City but this could as well be at all closing cc stores.
Clearly the collector's edition of Fallout 3 and Saint's Row 2 are a mistake
because they are selling at the price of the regular edition.
This just might be at my store only so ymmv but just wanted to pass the
word because I think these were a steal at this price.
Not sure about the ps3 versions but you should price check any way and
get surprised like I did.
Good Luck Everyone.

[ITDEFX]

all the good pc games where GONE..the only thing that I saw worth getting but actually skipped it was Shadow of Chynobl: Clear Skies.

[crazytalkx]

Hi guys,
Just came back from circuit city that was going out of business and got :

Fallout 3 Collector's Edition (xbox 360) 36.99
Saint's Row 2 Collector's Edition (xbox 360) 36.99


I got these at the City of Industry CC in So-Cal along with GH: WT for the same price. There were still a few copies of these games left. I also scored Beautiful Katamari for $8-9, Metroid Prime 3: Corruption for $30, and an SD card for half off.
BEST SALE EVAR.

[retromufc]

I'm sad that so many CC are going out of business, especially with teh great deals lots of us get on clearance. Now if it was Best Buy I would be dancing a little jig. I and many or the people I know have been screwed from them one way or another. I almost never shop there and even then it's only after I have checked CC for a better price first.

[SithFran]

Metro center CC in Phx closed down today.

[crazytalkx]

The last day for the Circuit City in City of Industry is Dec. 21 if anybody needed to know. It's a bit sad that I had never gone to that CC before the closing sale but it's where I've gotten the best CC customer service...ever.

[YoshiFan1]

I'm sad that so many CC are going out of business, especially with teh great deals lots of us get on clearance. Now if it was Best Buy I would be dancing a little jig. I and many or the people I know have been screwed from them one way or another. I almost never shop there and even then it's only after I have checked CC for a better price first.

Yeah, I'd rather see Best Buy go out of business. I haven't gotten a video game deal there in years since they went to YMMV manager clearances. 20% off a $59.99 game that you can get for under $40 elsewhere is not a deal! In fact, the only thing I have bought at Best Buy in a year is penny items like guides and promo items.

I have had so many problems there, refusal to honor their own coupons that were legitimate, the issue with the Best Buy Bucks from Monopoly, 3 times I tried to use them on games and were told $3 is the limit and had to talk to a manager all 3 times to show them the rules that say there is no $3 limit on games!

It always annoys me to see Best Buy's parking lot is crowded all the time and Circuit City is usually empty and Circuit City usually has the better deals and nicer employees. I like to call them Worst Buy because other than the penny items I rarely see any good deals there.

[ITDEFX]

Yeah, I'd rather see Best Buy go out of business. I haven't gotten a video game deal there in years since they went to YMMV manager clearances. 20% off a $59.99 game that you can get for under $40 elsewhere is not a deal! In fact, the only thing I have bought at Best Buy in a year is penny items like guides and promo items.

I have had so many problems there, refusal to honor their own coupons that were legitimate, the issue with the Best Buy Bucks from Monopoly, 3 times I tried to use them on games and were told $3 is the limit and had to talk to a manager all 3 times to show them the rules that say there is no $3 limit on games!

It always annoys me to see Best Buy's parking lot is crowded all the time and Circuit City is usually empty and Circuit City usually has the better deals and nicer employees. I like to call them Worst Buy because other than the penny items I rarely see any good deals there.


Chances of BB going under any time soon is small. They are actually doing well despite the economy.

[slowdive21]

^^They are doing 'well' because they are offering their corporate employees buyouts and rehiring new employees at a lower rate. Their stock price is doing well, but I think they are still feeling a pinch...But as far as going under -I agree with you- they are in the clear for now.

[dinovelvet]

Metro center CC in Phx closed down today.

Did they do any big markdowns on games, or did they just end at 40% off or whatever?

[cdeener]

Well, I just found out that all the stores in Michigan will be closing on Monday with most stuff at 80-90% off on Monday. Right now they are at 50-70% off. I'm lucky they have been advertising this in the newspaper so I can catch some deals because when CompUSA closed I didn't hear anything after 40% off.

Here is the breakdown of % off:
Thursday & Friday 50-70%
Saturday 60-80%
Sunday 70-90%
Monday 80-90%
They state on Monday additional discounts taken until everything is gone.

[dinovelvet]

I passed through Thousand Oaks,Ca and decided to check out the CC in case it was a closing one, and oh boy it sure was, the place was gutted, and its last day is tomorrow (Sun). Games were at 70% off, and all that was left was exactly what you'd expect...2K5 sports games, PSP UMDs of terrible movies, and D-list PC titles. Not one 360, PS3, Blu-Ray movie, or Wii title left. The DVD section had about 50 copies of "Step up 2 the streets" (or is it "da" streets? :D ) , I'm sure they'll be handing those out for free with every purchase tomorrow!

However, turns out the strategy guides were 90% off, and there were no signs advertising this, so there was still good stuff available, I got Oblivion GOTY, GTA IV, MGS4 and Far Cry 2, for $2 / $2.50 each. Most of the other guides were rubbish or had already been pennied out at BB/GS, e.g. God of war 2, Mass effect, Alone in the dark.

[cdeener]

Well, I feel sad to see the way the game section was at the Dearborn store because they were only 60% off and the only two games they had were MLB The Show 07 and Dancing with the Stars PS2. They had a few PC games like Hellgate: London but I don't play PC games. I'm happy I went today so I know not to waste my time looking for games on Monday when it is the last day.

I did see one thing of interest which was a Guitar Controller for Rockband PS2/PS3 that was made out of wood like a real guitar which was still to high at 60% off it was still like $72. Too bad I have Rockband on 360 because that would have been cool to have as my bass.

[Rave Child]

I did see one thing of interest which was a Guitar Controller for Rockband PS2/PS3 that was made out of wood like a real guitar which was still to high at 60% off it was still like $72. Too bad I have Rockband on 360 because that would have been cool to have as my bass.

I went to mine today, and apparently tomorrow is their last day open. Those guitars were 70% off, which was still $54! Kind of intense for a game controller, but a great deal if that's what you're looking for.

Anyway, I ended up getting a ton of toner (2-packs of color for $12.69, 2-packs of black for $8.69) and Spore Galactic Edition for $24, marked down from $80. I'm not too sure I want the game myself, but I couldn't pass it up for that cheap.

[ITDEFX]

Copied and Pasted from the regional thread from my CC visit on the 20th:


Ok, CC in Manassas ...This is the last two days..

shit they really want to screw people over these last two days.

That 60 gig 360 hard drive, which is MSRP of 99.99, well guess what folks, the liquidators knocked it up to 144 (I think), then hit the discount to 99.99...you save ZERO!!!

ALL PS2s and 360's are GONE. Nothing but shitty games left. There isn't much left for PC games either but found some good titles. Careful of this because they are coming up either 40% or 50% and not 70% off like it suppose to. I had to fight that fat bitch at the CS area about this.

They had this high end GPS from Pioneer that is listed on the manufactures web site as 600 dollars, but the liquidators cranked it up to 1000, then dropped it to 300. The idiot employee tried to defend the liquidator saying they don't mark up prices..uh huh... When I asked that same employee what is missing from a Motorola wireless bluetooth transmitter box since it was opened, he said Nothing but the cardboard..then I told him look carefully as the transmitter was GONE and replaced by some other block. WTF?!?!!? Instead of reporting it to lp, he just put it on the side endcap.

Only 3 people to help check out...long lines and lots of frustration.

Someone bought the last sony bravia, a plasma tv I think.

Ended up with a few good games, two blu rays, and a few other items for 150 bucks... Oops the bitch forgot to ring up the 360 starter kit with the headset and vision cam...so I didn't notice till I got home. Free shit is always good right?

Good bye CC Manassas, here is to seeing Sterling go next in the summer!

[SithFran]

In PHX, today's closings that I know of are Cambelback, Indian Bend, Mesa (by Fiesta Mall), and Chandler. Tomorrow's are Superstition and Gilbert. Not sure about the west side.

Okay, so to somewhat defend the people running the liquidations, I found out that CC still owns the merchandise not the liquidation company like some thought. What's interesting is that whatever is left gets shipped to the closest stores remaining, Tucson and Yuma for us in AZ. I didn't really understand why they wouldn't just ship the merchandise now instead of letting it go for so cheap but it is CC so it was probably their best idea. Maybe this is why some prices were jacked up?

Talking with the guys running some of the stores, they are from all parts of the country. They get an email saying to go to this city only a couple days before hand and have to stay on average for 8 weeks. When they're off they don't know when the next job will be so they could be home for a month or 6 months. They don't get paid when their off so it makes budgeting hard even though they do get paid well, but I couldn't find out how much. Wouldn't be too bad of a job for a single person.

I will miss CC for their clearance games along with the gamer's club to get another 10% off.

[neocisco]

More news:

I have found out that CC will most likely announce, sometime after New Year's, that approximately another 100 stores will be closing. This was passed on to me from someone (who I won't identify) that was given this information by one of the liquidators doing the current closings. This liquidator has already been told where he's going next which is why I'm taking this as more than just hearsay. Take it for what you will but I consider it a done deal with the exception of the press release.

[shrike4242]

More news:

I have found out that CC will most likely announce, sometime after New Year's, that approximately another 100 stores will be closing. This was passed on to me from someone (who I won't identify) that was given this information by one of the liquidators doing the current closings. This liquidator has already been told where he's going next which is why I'm taking this as more than just hearsay. Take it for what you will but I consider it a done deal with the exception of the press release.Well, shit, I think there goes the CC in my backyard, since it's the next of the "older" stores in the area. They already closed down the other "old" store in the area.

That'll make PM's against CC prices a little more annoying when going to BB.

[YoshiFan1]

If that's the case, I definetly see at least one of my local stores closing, probably the one closest to my house.

If that is the only one they close, I still have 2 in 15 minute radius but it will be more difficult then running over to the one 5 minutes away that I usually run to after I hear of a new drop on a game I want.

[darksidechaos]

There are two CC within 45 minutes of my house and neither closed down. Nothing closed around be for a good 200-300 miles. I guess the North East is doing already right CC. Hopefully one of these closes so I can get in on the deals.

[maddog1419]

I got a car stereo for Christmas from Circuit City, and if it's over $99.00 they put it in for free, I called on the 26th to schedule a appointment to get it installed and they told me to come in January 5th. I wanted to to do it like right away in case they were closing. I'm in New England, I guess the CC's up here aren't closing.

[Link927]

I hope its not the last CC around here. The two further away have already closed, so I didnt worry much about those. If this one shuts down too, I guess I'll be out on some deals, especially when it comes clearence time.

[Veronica Mars]

CC closed by my house, and I forgot to go :/
They had 90% the last day, or so I was told.

[MSUHitman]

Well, shit, I think there goes the CC in my backyard, since it's the next of the "older" stores in the area. They already closed down the other "old" store in the area.

That'll make PM's against CC prices a little more annoying when going to BB.

Fenton CC not close enough for South County BB to match CC prices? It's 10 minutes down the road.

[shrike4242]

Fenton CC not close enough for South County BB to match CC prices? It's 10 minutes down the road.SoCo BB could actually get the SoCo CC on the phone when they called. Fenton CC, not so much. That's the issue.

[Doc Bacca]

I still have 10 in gift cards there, I think I'm going to have to finish that today. One of the 2 CC near me is still running normally the other one is all cleared out.

[dinovelvet]

More news:

I have found out that CC will most likely announce, sometime after New Year's, that approximately another 100 stores will be closing. This was passed on to me from someone (who I won't identify) that was given this information by one of the liquidators doing the current closings. This liquidator has already been told where he's going next which is why I'm taking this as more than just hearsay. Take it for what you will but I consider it a done deal with the exception of the press release.

Neo, since you're in the know a little bit, do you think that ALL CCs will close in 09?

[mitch079]

I think CC's swirling around the toilet bowl right now, not quite that last nugget, but darn close.

[Dead of Knight]

More news:

I have found out that CC will most likely announce, sometime after New Year's, that approximately another 100 stores will be closing. This was passed on to me from someone (who I won't identify) that was given this information by one of the liquidators doing the current closings. This liquidator has already been told where he's going next which is why I'm taking this as more than just hearsay. Take it for what you will but I consider it a done deal with the exception of the press release.

Cue the "Obvious" tag from Fark. CC is trying to do a slow bleed to prevent a gush of blood from killing them, and it NEVER works for any company.

[MSUHitman]

SoCo BB could actually get the SoCo CC on the phone when they called. Fenton CC, not so much. That's the issue.

When did BB start calling stores on price matches? Is this a recent change? The Fenton BB refused to give me $3 off on Wanted Blu-Ray (to match Target) on Sunday so I had to go to the South County BB and they did it with no phone call.

[Josef]

When did BB start calling stores on price matches? Is this a recent change? The Fenton BB refused to give me $3 off on Wanted Blu-Ray (to match Target) on Sunday so I had to go to the South County BB and they did it with no phone call.

YMMV. Though they are supposed to check that the other store has it in stock before giving a price match. Of course, if you do the price match at the standard register they never call (you just have to wait for a manager override).

[shrike4242]

Looks like CC may really, really be fucked this time:

http://www.engadget.com/2009/01/09/circuit-city-ceo-details-bankruptcy-proceedings-admits-possibil/#continued

[Pookymeister]

ick. Guess im calling them to get my free replacement bulb for TV since it sounds like I won't have a chance to go that route later.
Had like 2 1/2 years left on my warranty, too

[MSUHitman]

Thanks Shrike, updated OP and thread title.

[karkyco]

YMMV. Though they are supposed to check that the other store has it in stock before giving a price match. Of course, if you do the price match at the standard register they never call (you just have to wait for a manager override).

Best thing to do is pay the regular Best Buy price, walk out of the store, then walk right back into the store and go to the customer service station and have them give you the price match + 10% of the difference. In 10 years I've never had them call a store to confirm a price, only cut out the part of the ad with the deal and verify it's current.

Worst case is they will deny you on the deal if it's say the Toys R Us B2G1 (their pricematch specifically does state it's not good on bundles, buy certain amount get certain amount free, percentages off i.e. there must be a specific sale price advertised on the individual item), and in that case just return the item.

Back to the topic at hand - very few stores closed in the LA area in the last round of closings; they were all concentrated inland and in the OC it seemed. I just hope the store 2 blocks from my office doesn't close, LOL. But definitely not an improvement to their ongoing concern, that's for sure. Perhaps they shouldn't have messed with Speedy...

[YoshiFan1]

I really hope CC can make it, I was looking forward to another year of clearance deals.

[shrike4242]

Problem is, if you read over that whole letter to the employees, it gives CC a week to have a plan in-hand for a purchase of the company, or it sounds like they're going to go belly-up across-the-board. I'm thinking that their cashflow is nearly exhausted, and it might be a mercy killing to go down the path the CEO seems to be moving towards.

I'd rather have another player in town to match BB on a national level, though it's hard to try and resurrect a sinking retail company. CompUSA comes to mind immediately, as they were on the ropes twice, and came back once. Still died off in the end, since you can't count the rotting corpse that TigerDirect is keeping around for appearances.

[YoshiFan1]

It would be horrible to have Best Buy as the only store around. I don't really shop for anything other than games there but since they got rid of the national clearances, I have yet to find a deal there other than the penny guides/penny promo items.

CompUSA is another store I really miss, especially because my local CompUSA is just sitting there empty. I know their clearances were YMMV until the very end right before they closed but I had a goldmine location, God of War for $10.99 when it was still $49.99 elsewhere, PSP games for $12.49 that were $39.99 elsewhere etc.

I totally understand why they are in this position though. Last weekend I drove by my local CC, maybe 15 - 20 cars total, BB had 100+ cars. It's like that with every CC in my area, they are empty and the BB a few minutes away is jammed.

For the average consumer, CC's prices seem too high. Almost all games are tagged full price and usually mixed in either a dump bin or disorganized on the shelves. Knowing the price sticker isn't usually right, gives us an advantage and lets everyone here know about the deals but if I didn't know any better and walked in to a store and saw $59.99 price stickers on games like Tony Hawk's Proving Ground like my local CC has, I'd walk out if I wanted to buy that game even though it is $16.96 since no one would have any way of knowing it is $16.96 unless they came to a site like this.

I'm afraid KMart is next, I stopped at one tonight to check the Christmas clearance deals, I counted 21 cars in the lot including employee cars. Figuring a minimum of 8 employees for a store that size, that is barely over a dozen customers.

[archibishopthedoge]

I dunno about Kmart. They own Sears as well and they share revenue streams. Kmart's health is dependent on each location. The one nearest to me is funny how ghetto it is, but there's another one near my GFs parents place in another city that is as packed as Walmart daily (they are a Super Kmart though so they have groceries).

I live in Henrico, VA, where CC is headquartered and the nearest CCs are always terrible, including the very first store ever opened. It's time for the mercy killing IMO. I've hated shopping there for years now.

I also don't think we'll see massive selloffs of merchandise, at least according to a friend whos a relative with someone at corporate, as I regularly ask when I can go and plunder them when they go under. Undoubtedly, they'll call Best Buy or a liquidator and a lot of the good merch will go to another retailer.

[Halo05]

I'm 29 years old and as far as I can remember, going back to the mid-80s in San Diego, Kmart has always looked like it was about to go out of business.

I'm still torn about CC closing. I got some good deals over the years but at the same time, the assholes at my local store (Roanoke, VA) have always tried to squirm out of deals. Because of that, I won't miss them (although the situation sucks for cool guys like neocisco).

[SaraAB]

Yeah, unfortunately I am really not surprised at this. I don't like liquidation sales and would rather have the CC stores stay open to provide competition for electronics and most importantly for clearance video games. I also don't think the economy needs the job losses that another retail chain going down that would happen. It will only make the economy even worse.

Even during the busy holiday shopping season they had about 10 cars in the parking lot (that was on a saturday mind you!), there are typically less on any other given saturday. Basically CC is the place you go if you need a santa gift for your kid for Xmas and no other store has what you need. Our store is very unorganized with games just dumped into bins randomly, and it seems to have gotten even worse as of late. It also has a confusing layout so you can never find the section you need to find. This store is in a shopping plaza and is right next to a Toys R Us that is VERY busy and gets a lot of traffic and sales however no one goes into CC (even when the TRU is like, a 2 min walk from the CC). It must be considered a really scary store to shoppers because literatly, there is never anyone in there other than myself and I have never seen more than 5 other customers in that store at any one time.

The games are not priced correctly either as others have mentioned as there are still copies of Geometry Wars for DS marked at like 29.99. It looks like clerks just dump the games in the bins but no one else touches them, I swear every time I go there that all the games I look at are in the exact same place they were the last time I went and I go maybe once every 2-3 months there.

[The Mana Knight]

The games are not priced correctly either as others have mentioned as there are still copies of Geometry Wars for DS marked at like 29.99. It looks like clerks just dump the games in the bins but no one else touches them, I swear every time I go there that all the games I look at are in the exact same place they were the last time I went and I go maybe once every 2-3 months there.I thought my CC and another were the only ones to do this. I see tons of clearance games sitting on shelves at times that are full priced. Once you have them ring them up, they are priced differently. I know many who refuse to buy because of those prices.

[neocisco]

A couple of years back my store's game section was completely unorganized. My store manager knew I was good at organization and gave me total control over the merchandising. I had all the games completely alphabetized and correctly priced and all accessories were properly arranged. The display case was so dark it looked like a cave so I went to Home Depot and bought a light to put in there. This was noticed by our regional vice president and was eventually implemented at most stores company-wide. If you have a lit display case at your store, you're welcome.:) (No credit or recognition given, of course). We even put a big screen up in the department with an Xbox and PS2 and put a couch in front of it. A month or two later the BB down the street had done the same thing. Anyway, after all of this our games sales to previous year were up 120%. Games could have been a true money maker for CC, this was proof. Was any real effort made to implement the changes? :rofl:

[archibishopthedoge]

A couple of years back my store's game section was completely unorganized. My store manager knew I was good at organization and gave me total control over the merchandising. I had all the games completely alphabetized and correctly priced and all accessories were properly arranged. The display case was so dark it looked like a cave so I went to Home Depot and bought a light to put in there. This was noticed by our regional vice president and was eventually implemented at most stores company-wide. If you have a lit display case at your store, you're welcome.:) (No credit or recognition given, of course). We even put a big screen up in the department with an Xbox and PS2 and put a couch in front of it. A month or two later the BB down the street had done the same thing. Anyway, after all of this our games sales to previous year were up 120%. Games could have been a true money maker for CC, this was proof. Was any real effort made to implement the changes? :rofl:

The problem with this thinking is that Circuit City considers itself a high-end electronics store first i.e. they carry the brands and stuff Walmart doesnt lol. Games, DVDs, and CDs are seen as superfluos extras. They want people to come in and buy the HDTVs and get a game system with it + a couple of games. Just like they want people buying DVD players and armfuls of DVDs, and computers with a bunch of peripherals. The big box retailers like Best Buy, Circuit City, etc. don't make enough money off of the games alone to stay afloat.

Gamestop is a games only retailer, and with the used model they're able to continually make profits. When you buy a 54.99 used game, that's 100% profit to Gamestop, so when you trade in a week or two week old game, they sell it for 54.99, then that person trades in a week later and they resell it, another 54.99, the cycle keeps repeating itself all the way until its a year into the games lifespan and its been sold/resold 10 times, all profit. When you buy a 59.99 game at CC or BB, that's at best 20% profit to them, if not less (depends on their wholesaler). Whereas a TV or computer can bring as much as 50% or even higher.

When the economy tanks, people aren't wanting new TVs and crap like that as often as they do in a good one. Game sales could go up 200% and they'd still be in the red and still bleeding. But if TV sales and the likes drop off and stay down, they continually lose money with merch on the shelves.

I'm not knocking your initiative in your job as I wish more were like that at the grunt level, but game sales are such a drop in the bucket to these retailers that it wouldn't save the company if they shot up exponentially or stop/slow the bleeding enough to make it feasible to keep going.

[neocisco]

Having actually seen the sales numbers for my store I can tell you that you are incorrect about our profitability. I speak only for the store I worked in, not the chain as a whole.

[Flushola]

Some news that I have heard regarding who is interested in buying Circuit City ...

One of the interested parties is a current employee who already owns around 30% of CC. But apparently he isn't going to be able to own more than 50% of CC because years ago he bought a Mexican television station to broadcast Militia footage. Because of that, he's not allowed to own a business in the U.S.

It seems more than likely that CC is going to be liquidated and a bunch of us will be needing new jobs!

[neocisco]

Crap. I knew that would catch up with me one day. Viva la revolucion!

Are you referring to Carlos Slim?

[Flushola]

Lol. Not sure what the guy's name is, just heard that information.

[slidecage]

The problem with this thinking is that Circuit City considers itself a high-end electronics store first i.e. they carry the brands and stuff Walmart doesnt lol. Games, DVDs, and CDs are seen as superfluos extras. They want people to come in and buy the HDTVs and get a game system with it + a couple of games. Just like they want people buying DVD players and armfuls of DVDs, and computers with a bunch of peripherals. The big box retailers like Best Buy, Circuit City, etc. don't make enough money off of the games alone to stay afloat.

Gamestop is a games only retailer, and with the used model they're able to continually make profits. When you buy a 54.99 used game, that's 100% profit to Gamestop, so when you trade in a week or two week old game, they sell it for 54.99, then that person trades in a week later and they resell it, another 54.99, the cycle keeps repeating itself all the way until its a year into the games lifespan and its been sold/resold 10 times, all profit. When you buy a 59.99 game at CC or BB, that's at best 20% profit to them, if not less (depends on their wholesaler). Whereas a TV or computer can bring as much as 50% or even higher.

When the economy tanks, people aren't wanting new TVs and crap like that as often as they do in a good one. Game sales could go up 200% and they'd still be in the red and still bleeding. But if TV sales and the likes drop off and stay down, they continually lose money with merch on the shelves.

I'm not knocking your initiative in your job as I wish more were like that at the grunt level, but game sales are such a drop in the bucket to these retailers that it wouldn't save the company if they shot up exponentially or stop/slow the bleeding enough to make it feasible to keep going.

last i knew TVS and PCS only got like 5% mark up

[Link927]

Lol. Not sure what the guy's name is, just heard that information.

Looks like its a guy called Ricardo Salinas Pliego

http://www.reuters.com/article/businessNews/idUSTRE4AH7SQ20081118

[durden26]

For anyone who purchased an protection plan, those are handled by a third party, not CC itself. If they tank, it won't wipe out the remaining time on the warranty. Everything would be have to be shipped, so it would take longer to have the service processed, and you obviously wouldn't have a place to go to talk to someone face to face. If you want more information, call 1-888-333-2333 BEFORE the shit has passed through the fan. Like this week.

[Demolition Man]

Crap. I knew that would catch up with me one day. Viva la revolucion!

Don't you mean revolution? ;)

[Pookymeister]

Don't you mean revolution? ;)

No, he meant Internet Radio Revolution

[Demolition Man]

No, he meant Internet Radio Revolution

Amazing you folks still remember that. ;)

If I ever do another internet radio show again.... I won't make big proclamations like that. If only so then you folks can't keep reminding me of that. :lol:

[Shrapnellistic]

Damn shame, CC seemed to be the one outstanding brick and mortar store with the most deals every week.

[Kfoster1979]

I'm 29 years old and as far as I can remember, going back to the mid-80s in San Diego, Kmart has always looked like it was about to go out of business.

I'm still torn about CC closing. I got some good deals over the years but at the same time, the assholes at my local store (Roanoke, VA) have always tried to squirm out of deals. Because of that, I won't miss them (although the situation sucks for cool guys like neocisco).


The Roanoke store how I hate it. Frankly CC is my last stop when looking for deals around here. If CC goes well C'est la vie I say, but I will stock up on when the price is right.

[Zmonkay]

I'm sorry if this has been asked, but is this only effecting BM stores, or the online store as well? I've got a $20.00 gift card, and my local store is closing (or closed already, not sure) so I've been waiting for something to come out I want online. Should I just order something on a whim?

[neocisco]

Don't you mean revolution? ;)

Sorry, Scorch.:)

[Demolition Man]

Sorry, Scorch.:)

So my name is now Scorch eh? ;)

[IAmTheCheapestGamer]

The Roanoke store how I hate it. Frankly CC is my last stop when looking for deals around here. If CC goes well C'est la vie I say, but I will stock up on when the price is right.

Only problem with that is that most normal consumers view the lower percentages during the store closing sales as 'deals' and by the time the 'price is right' for many of us, most of the stuff you want from the store is LONG GONE.

Trust me on this, aside from a Sam Goody that was going out of business once Transworld/FYE acquired them a few years ago out in Paramus Park Mall in NJ, I've NEVER been to a store closing sale where you could find GOOD stuff left at the end of the sale once the percentage off gets to a decent amount.

[shrike4242]

If CC doesn't get a buyer by Friday, and they have to go into asset liquidation immediately chain-wide, I wonder what will happen with anyone who has pre-orders with them.

Should be a right mess indeed.

[Zmonkay]

soooo, if it is nationwide asset liquidation... does that include online circuitcity.com? Anyone?

[mogamer]

If CC doesn't get a buyer by Friday, and they have to go into asset liquidation immediately chain-wide, I wonder what will happen with anyone who has pre-orders with them.

Should be a right mess indeed.
To be honest, nobody should have placed any pre-orders with CC after the last round of store closings. People should probably use up all gift cards they may have ASAP. I just don't see them getting out of this. :cry:

[strongpimphand]

so.....I should wake up early and be ready for 50-75% off crap on friday?????

YES!

[gantt]

so.....I should wake up early and be ready for 50-75% off crap on friday?????

YES!

Yes. So the rest of us can chuckle while we roll over in our warm beds.

Even if they begin liquidation sales Friday, it will be a while before discounts hit 50-75%. And by then, you're right, it'll be mostly crap.

Hopefully you'll still be this enthusiastic when you're looking at fewer deals down the road, since (if CC does indeed liquidate) BB, Target and Walmart will have one less competitor.

[MSUHitman]

This is why I went and got Crank on Sunday while it was on sale before the liquidation hits because you know once CC announces it BB and WM will send an emergency memo down saying do not PM ANYTHING from CC.

[ITDEFX]

Does that also mean that it's spin off "The CITY" will go under too? :pray:

[sendme]

This is why I went and got Crank on Sunday while it was on sale before the liquidation hits because you know once CC announces it BB and WM will send an emergency memo down saying do not PM ANYTHING from CC.

I had the one in fairviewhights price match best buys last week. Best buy had 6 instock but could not find them. So I went to circuit city and they had 3 for a week or so that no one touched. I had them PM it and got an extra 10% off. After tax I got it for 12.xx. It was less then what best buy wanted for it before tax. They 3 people I had to talk to did not even seem like they wanted anything to do with me. The woman that rang it up acted like she was going to be a bitch but ended up being cool. She called some place I going to guess a best buy to check on the price and if they have it in stock. They told her they did not and then she asked about the one down the street. Thaks to them not being able to find them but having it still in the computer that they have them I got it cheaper. It will be sad if CC is no longer around because I usually go there only when best buy fucks up like this.

[Rodster]

I'm sorry if this has been asked, but is this only effecting BM stores, or the online store as well? I've got a $20.00 gift card, and my local store is closing (or closed already, not sure) so I've been waiting for something to come out I want online. Should I just order something on a whim?

I would spend it as soon as you can if word comes down that they are closing.

[neocisco]

Just to give everyone an idea how quickly this could happen (if it happens), my store was told on a Sunday that we would be closing and the last day of normal operations was Monday. The store was closed on Tuesday for retagging and reopened on Wednesday for the beginning of liquidation.

Store meetings are typically held on Sunday mornings so if word goes out for everyone to show up then it's pretty much a done deal.

[shrike4242]

Just to give everyone an idea how quickly this could happen (if it happens), my store was told on a Sunday that we would be closing and the last day of normal operations was Monday. The store was closed on Tuesday for retagging and reopened on Wednesday for the beginning of liquidation.

Store meetings are typically held on Sunday mornings so if word goes out for everyone to show up then it's pretty much a done deal.Any word up the pipeline about this seeming like the rest of the stores are done?

[guinaevere]

Does that also mean that it's spin off "The CITY" will go under too? :pray:Its the same thing, yes. The City's closed around here also.

[Flushola]

Any word up the pipeline about this seeming like the rest of the stores are done?

Unfortunately we really haven't been hearing much at our store. I asked a reliable source from another store and he said he hasn't heard anything either.

The feeling around our store is that we're being closed but we really have no idea. All of this has happened so quickly I think it's caught everyone off guard. I guess the only way we know if we still have jobs is to wait until Friday.

[mtxbass1]

Fun little update from bloomberg.
http://www.bloomberg.com/apps/news?pid=20601087&sid=alGkelJ.XwCY&refer=home

Essentially CC has decided to take bids from liquidators today. The end is almost nigh.

[neocisco]

(http://search.bloomberg.com/search?q=Ricardo+Salinas+Pliego&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1)Ricardo Salinas Pliego (http://search.bloomberg.com/search?q=Ricardo+Salinas+Pliego&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), Mexico’s fourth-richest man, may also bid for Circuit City, a spokesman for the billionaire said last week. Salinas, the owner of Mexican electronics retailer Grupo Elektra SAB, has been reviewing the company since November to consider boosting his 28 percent stake (http://www.bloomberg.com/apps/quote?ticker=CCTYQ%3AUS) in the chain, spokesman Nino de Rivera (http://search.bloomberg.com/search?q=Nino+de+Rivera&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) said. Another spokesman declined to comment today.

He is probably CC's only chance at staying in business. Several years back, CC had a working relationship with the Elektra stores in Mexico. Despite my personal feelings for the company it's in the best interest of consumers for them to stay open. Plus, I have some GC $ left. I was holding out for the Bourne trilogy on 1/27 but that's looking less and less likely. I ordered my replacement lamp for my DLP yesterday. No way am I going to try to deal with a third party about warranty coverage.

[Dead of Knight]

Just noticed the speedy tag for the thread. lol

[Halo05]

Revenge is a dish best served cold.

[BillyBob29]

CC is dead....will be fully liquidated, just announced on CNBC.

[InvaderZim]

CC is dead....will be fully liquidated, just announced on CNBC.

yep..... Electronics Retailer Circuit City to Be Liquidated, CNBC Has Learned. (story developing)

[shrike4242]

I guess anyone that counted on next week's ads and the following week's ads will be a little disappointed.

[smashngrab77]

well it is very unfortunate that they are going under. Just more jobs lost and it just continues to crumble our economy. I was never a fan of CC but they kept BB honest. Now BB can run away with prices

[Ryuukishi]

This is disappointing. There's a CC like 3 minutes from my work and I've picked up a few nice clearance deals on my lunch break. Now I have to rely on Target and Best Buy clearance which are nonexistent compared to CC.

So what does this mean in the short term? How long does the liquidation process take to get going, and will the stores just operate normally until it starts?

[Oxybeles]

Circuit City to liquidate remaining US stores

Circuit City Stores Inc. says it has reached an agreement with liquidators to sell the merchandise in its 567 U.S. stores after failing to find a buyer or a refinancing deal.

http://finance.yahoo.com/news/Circuit-City-to-liquidate-apf-14083094.html

[decon]

Good thing I didn't order SFIV from them!

When will the sales begin?

[bfauble83]

This sucks, i was unrealistically hoping something would save CC...I have gotten better deals from them than anyone else.

[Amneisac]

Somehow I think I'll be disappointed by this liquidation.

[prayformojo]

Too bad ... competition for Best Buy is a good thing and my Circuit City is a lot nicer than the local Best Buy.

[wampa8jedi]

Somehow I think I'll be disappointed by this liquidation.

You probably will be--once assets are purchased by the liquidators, they will generally mark them back up to full MSRP and discount down with slowly increasing percentages. Almost all of the good stuff will be gone long before it ever gets to be a great deal; those of us that already had our CCs close have already experienced it.

[lukisha]

hell yea son

[Mahavali]

this is going to suck, i used to get good deals as well.

[Kfoster1979]

Somehow I think I'll be disappointed by this liquidation.

I doubt that.. I will almost bet that my local will be the last one in the region to shut down. The thing is when will people bite? Best guess is 30% for big ticket, and newer merchandise blu ray, new games, PCs. I will hold out for it to hit at least 50% before I jump on anything. I wonder how long they will drag it out?

You probably will be--once assets are purchased by the liquidators, they will generally mark them back up to full MSRP and discount down with slowly increasing percentages. Almost all of the good stuff will be gone long before it ever gets to be a great deal; those of us that already had our CCs close have already experienced it.

Your right about the MSRP markup, but I think the already closed store comparison is an unfair one. They moved any remaining items to stores that remained open, it was never a total liquidation.

[shrike4242]

On Yahoo Finance:

http://finance.yahoo.com/news/Circuit-City-to-liquidate-apf-14083094.html

Other posts:

http://www.engadget.com/2009/01/16/circuit-city-fails-to-be-wanted-will-now-be-liquidated/
http://www.iht.com/articles/ap/2009/01/16/america/Circuit-City-Bankruptcy.php

[jaydepps]

So it's now official that ALL CCs are closing? This ****ing sucks...

[dinobot]

well... sucks for all of us.

on the good note I don't have to renew my gamer's card. :)

[shrike4242]

CC should know better than to mess with Speedy. :D

You probably will be--once assets are purchased by the liquidators, they will generally mark them back up to full MSRP and discount down with slowly increasing percentages. Almost all of the good stuff will be gone long before it ever gets to be a great deal; those of us that already had our CCs close have already experienced it.Assuming it runs like the past liquidations we've seen recently with Sharper Image, CompUSA and Linens And Things, most of the suckers (non-CAGs) will pick it up long before it's at the price we'd jump at.

[dviggiani]

... Almost all of the good stuff will be gone long before it ever gets to be a great deal...

I agree... That's what happened when Compusa was liquidated. I live in Richmond, Va and know several people that work for Circuit City, so I feel sorry for them, but CC had it coming for several years, even before the crysis.

[animemaniac14]

CC is basically the ONLY electronic store we have in hickville here...this honestly SUCKS...don't know where im going to go for my clearance stuff now :(

[prayformojo]

Probably will be like CompUSA liquadation, i.e. a lot of dry-humping.

[jacknicklson]

CC should know better than to mess with Speedy. :D

Assuming it runs like the past liquidations we've seen recently with Sharper Image, CompUSA and Linens And Things, most of the suckers (non-CAGs) will pick it up long before it's at the price we'd jump at.

Sadly, this is true. Seems my last trip to CC was months ago and will remain that way.

[silent h3ro]

...even before the crysis.crisis :)

[Vinny]

Too bad ... competition for Best Buy is a good thing and my Circuit City is a lot nicer than the local Best Buy.

I hear you man. I know almost all CAGs are anti-CC but mine was great.

[Chlorox]

This actually kinda sucks. I mean I hate the circuit city in my area but there ads really had some great deals from time to time. Of course I wouldn't actually shop there I would take the ad to best buy for them to price match...I just hope best buy doesn't start slacking on their sales because there isn't too much competition for them anymore.

[bigl523]

Alright, bring on the cheap stuff!!!!!

[crzyjoeguy]

man that sucks CC is one of the best i think

[Tyga24]

Will really miss the clearance deals CC offered on a (mostly) monthly basis. Not to mention the competition they offered compared with BB/Target. Sad day indeed.

[BillyBob29]

I really think it is funny that almost everyone is saying they will miss CC's because of their clearance sales......well CC's constant clearance sales are part of the reason why they are going under. Poor sales and poor inventory control which led to the constant clearance sales.

Yes I know this is CAG and we are all looking for the cheapest price on games but any retailer having constant clearance sales is never a good thing for the long term viability of the business and CC has been having basically none-stop clearance sales for years now.

[ecmazza]

Hmmm....interesting. Sucks for CC though, they were putting out some of the better deals...

[Justin42]

Wow, this sucks.. I feel really bad for all of the people losing their jobs... and I hate the loss of competition... there was no CC particularly close to me (compared to the 3 Best Buys on my way to/from work) but I got some great deals occasionally, and back when CC was at the top of their game they were a great store to buy from.

I guess this means the price match I was hoping to get with a movie I bought yesterday at Best Buy against CC's Sunday ad probably won't work. ;) (Since I have a feeling BB will make sure everyone knows to stop PMing CC immediately)

And I doubt we'll be seeing any great clearance sales.. like people have said, all prices will immediately jump to MSRP and then marked down from there... yet people will buy because they see "10% off!!!"

[redrum662]

Thank goodness we still have Amazon.com

[mogamer]

Assuming it runs like the past liquidations we've seen recently with Sharper Image, CompUSA and Linens And Things, most of the suckers (non-CAGs) will pick it up long before it's at the price we'd jump at.

Sadly, QFT! :cry:

[captainfrizo]

The odds of finding anything worthwhile price-wise once the liquidators take over will be slim. As shrike said the general public who don't go deal hunting will jump at the first 10% signs, even if they're really only saving a buck or two (or potentially even losing money depending on the item).

My brother works at CC as a supervisor, so if I hear anything I'll try to pass it along.

[paddlefoot]

Darn it!!! I missed the cut off. My Chase Circuit City Rewards points are still in the mail. Plus I never got my credit back for my one gift card when I returned an item. Its only $25, but still.... Its $25 ;)



I wonder if you can negotiate on HDTV's with a manager??? I know some people have had luck in the past.

[paddlefoot]

The odds of finding anything worthwhile price-wise once the liquidators take over will be slim. As shrike said the general public who don't go deal hunting will jump at the first 10% signs, even if they're really only saving a buck or two (or potentially even losing money depending on the item).

My brother works at CC as a supervisor, so if I hear anything I'll try to pass it along.

It will all depend on your area and whether or not this economy is going to hurt their ability to do a normal style liquidation.

[Squarehard]

They've gone the same way as COMPUsa, which actually is doing better now, and with the recent SF IV $10 off and $10 GC + Free Shipping, I may not mind they go online only as long as they keep sending me deals like that. I would actually start shopping with CC more.

[thebob101]

I liked CC, well, I liked the clearance prices and some of the deals they would have. Now, it is just BB for electronics and stuff which means they can be bigger arseheads than they have been.

[shrike4242]

Other postings about it:

http://www.engadget.com/2009/01/16/circuit-city-fails-to-be-wanted-will-now-be-liquidated/
http://www.iht.com/articles/ap/2009/01/16/america/Circuit-City-Bankruptcy.php

[ronaldhennessy]

So, there is one more national consumer electronics retailer left in the game. Sooner or later, Best Buy's days may be numbered (though it seems far fetched right now). Then, the only thing left will be Wal-Mart (yuck!) and Target. Do you really want to buy that large TV in the same place you buy potato chips and 5XL sweatpants?

Even with online sellers like Amazon and Newegg, the tangible hands-on experience for some purchases can not be duplicated (though they do have nice prices). For the 35,000+ that will lose their jobs, I feel your pain. I've gone through the same experience of losing a job as well. Consider this a new chapter and not an end.

[xepherys]

None of you must be from Michigan... around here Circuit Shitty is considered the utter and absolute worst electronics retailer under the sun. *shudder*

[bg2001]

CC has just been awesome through the years -- don't know how CAGers can complain about having a perpetual $40 of $199 coupon!

CC how I will miss thee....

[Wolfpup]

You probably will be--once assets are purchased by the liquidators, they will generally mark them back up to full MSRP and discount down with slowly increasing percentages. Almost all of the good stuff will be gone long before it ever gets to be a great deal; those of us that already had our CCs close have already experienced it.

CC should know better than to mess with Speedy. :D

Assuming it runs like the past liquidations we've seen recently with Sharper Image, CompUSA and Linens And Things, most of the suckers (non-CAGs) will pick it up long before it's at the price we'd jump at.

Good to know.

This really does stink. Circuit City was always a perfectly fine store (aside from Divx, which made me boycott them for a few years). Really sucks for the people who work there and for all of us.

I guess it's just American and Best Buy left then for electronics for me.

[bordjon]

honestly I won't miss CC. I never really got any good deals there that I can remember -maybe one here or there. The workers were hit or miss with friendlyness/helpfulness which I guess is pretty par for the retail course...

[Snake2715]

well that sucks for them... I will be tempted to stop in and see the prices drop though.

[1ivewire]

CC never did it for me. Poor selection and disinterested employees.

[Vinny]

It really does suck because BestBuy rarely has any clearances or good offers...

[ninjabenja]

A completely self-centered question: I have a store credit at CC, will I have issues using it once they go into liquidation mode?

I'm disappointed they are closing, they weren't the best electronics place but they did have good deals on occasion, and I also feel that the more competition for these retailers the better. I feel for all of the CC employees more than anything though.

[spamfree2]

Hmmm.. good thing I picked up FFIII before the liquidators mark up the prices. I also had a handful I wanted to return from the 9.98 sale. I guess I am stuck with them. Well bye bye CC. Good thing we still have a Fry's.

[Sharp Katana]

never was a big fan of CC. But they did have some good clearances sometimes. It sucks to see them go.

[mtxbass1]

Then, the only thing left will be Wal-Mart (yuck!) and Target. Do you really want to buy that large TV in the same place you buy potato chips and 5XL sweatpants?


Ask the millions of people that already do. Walmart sells a ton of televisions.

[dc_fortythree]

heart goes out to all who lose their jobs through this. even though the service in the past was pretty sh!tty, i have to admit that its def gotten better after the first round of closings. regardless good luck (ex) CC employees. and to upper management that fuc|< over the working man (i'm looking at you too Ziff) , suck it!

in personal news, man i hope they still honor my $10 gift card.

[captainfrizo]

None of you must be from Michigan... around here Circuit Shitty is considered the utter and absolute worst electronics retailer under the sun. *shudder*

The Circuit City stores around here aren't impressive either. Limited stock, never getting new releases in on time, no price advantages, etc. It also doesn't help that when you walk outside CC's front doors you're looking right at a Best Buy about five hundred feet away.

By contrast, the Circuit City stores I went to while I was in Charlotte for four years easily rivaled Best Buy in both selection and even foot traffic in the store. It seems to be a YMMV thing on a store-to-store basis, which could be part of what hurt them.

[shrike4242]

Good to know.

This really does stink. Circuit City was always a perfectly fine store (aside from Divx, which made me boycott them for a few years). Really sucks for the people who work there and for all of us.

I guess it's just American and Best Buy left then for electronics for me.For a truly national chain, it was pretty much CC & BB for pure electronics stores. There were some regional stores like Nebraska Furniture Mart, Ultimate Electronics, Fry's, American TV and the like, though they're not all national.

The whole witchhunt for Speedy soured me to them, though I did start giving them business again when that was all done with. Recently, they just haven't had the sales like they used to with Amazon matching BB prices and Target beating them on DVD/BR prices.

A completely self-centered question: I have a store credit at CC, will I have issues using it once they go into liquidation mode?

I'm disappointed they are closing, they weren't the best electronics place but they did have good deals on occasion, and I also feel that the more competition for these retailers the better. I feel for all of the CC employees more than anything though.I think neocisco or one of the other current/former CC employees might know better, though I really suggest using it immediately. Such as today.

[Will]

If you have any gift cards USE THEM NOW!

The store I went to in Temple Tx, when they started the "official liquidation", they no longer took gift cards and sine allllllll CC's are shutting down now, you most likely wont even ben able to use your CC credit card.

[Will]

heart goes out to all who lose their jobs through this. even though the service in the past was pretty sh!tty, i have to admit that its def gotten better after the first round of closings. regardless good luck (ex) CC employees. and to upper management that fuc|< over the working man (i'm looking at you too Ziff) , suck it!

in personal news, man i hope they still honor my $10 gift card.

I agree with this...while the possible potential for great scores are comming up, I do regret the fact that a TON of people are going to lose their jobs in an already shit economy.

[lterenzi]

CC never did it for me. Poor selection and disinterested employees.

AMEN. Don't be sad they are losing their jobs people. Around here they didnt seem to care about them anyway. For those that did care and try though....

[jaysapathy]

This means that the stores and all their assets are now property of the liquidators. That also means that as of Monday, your gift cards and extended warranties are null. Better jump on that today, kids!

[Will]

AMEN. Don't be sad they are losing their jobs people. Around here they didnt seem to care about them anyway. For those that did care and try though....

I feel bad for them mostly because they werent properly managed and the people that will get their severance packages etc etc are the people that f'd up CC in the first place.

[DarkKenpachi]

and I just bought the extended warranty for my plasma I got on black friday.

So question what do I do about this now? Do I go back and Get my money back or call them and see who will handle my warranty for the future

[jaysapathy]

Return it. Today. Nobody will be handling the warranties in the future -- CC will be out of the loop, and so nobody will be paying for the repairs on your TV. Keep the TV, ditch the warranty.. They're worthless anyway.

[eshreve12]

See title. Everything must go. Im sure more details will follow.

[sgaldis]

???

[spamfree2]

How about merchandise? Is it safe to return stuff that I purchased on credit card?

[jmiller80]

http://www.portfolio.com/news-markets/national-news/reuters/2009/01/16/circuit-city-says-will-liquidate-assets

Use any remaining gift cards ASAP. They will be worthless shortly.

[Master Shake]

Where did you hear that it will start on Saturday?

[aporter727]

A little cryptic, and vague at the same time.

[rolliauctions]

Grab your gift cards and run for the door! This is a sad day in cheap ass gaming...

[lawdood]

A completely self-centered question: I have a store credit at CC, will I have issues using it once they go into liquidation mode?


Better try and use it TODAY if you still can. Most stores won't take GC's or store credit once liquidation begins.

I'm really going to miss the clearance games at CC...but that's really about it.

[donssword]

While everyone likes to hop on the CC hate bandwagon, what this really means for gamers is less choice at the brick and mortars, less competitive sales, the loss of the CC game clearance, and lots of unemployed people all competing against you for jobs.

Damn shame.

[pitflyer]

Considering my last experience was CC turning away a MANUFACTURER coupon (that they would get reimbursed for) on an item they were selling at MSRP cuz it was 'too cheap' (per store manager) that braintrust was just asking to be liquidated.

[donssword]

Where did you hear that it will start on Saturday?

Its appearing across various news sources on the web.

[PlayerXXX]

Hate to CC go... but, here's hoping they go out in style with some huge sales. Looks like I'll be getting up early tomorrow to check it out. They'll probably stagger the discount levels from now through Mar. 31st, with the heaviest discounts happening just before they close for good.

[gk.7]

That.... is weird... more info would be very appreciated =D

[trabbahabba]

Everyone stay posted on this. Could be some really good deals. And yes, spend those gift cards NOW.

[Master Shake]

Damn I need to pick up my last paycheck.

[malfuncti0n]

good riddance

[thebob101]

I am sad CC is going away. I also feel terrible for all of those folks losing their jobs in this economy.

[Vegan]

While everyone likes to hop on the CC hate bandwagon, what this really means for gamers is less choice at the brick and mortars, less competitive sales, the loss of the CC game clearance, and lots of unemployed people all competing against you for jobs.

Damn shame.

I think my job is pretty safe from the incompetent schoolkids I've seen "working" at CC over the years.

[Tybee]

My, how the not-so-mighty have fallen.

[Guy Legend]

Damn, I preferred Circuit City over Best Buy. Sad to see them really going.

[Tyga24]

Was there a thread for the liquidation of the other 150 stores that closed? It might be worth scanning through to see the potential price point/deals on items.

[Justin42]

Use any remaining gift cards ASAP. They will be worthless shortly.

This point really needs to be hammered home-- gift cards should be used TODAY if at all possible...

Order a bunch of CDs or DVDs or something, just USE THEM TODAY.

[n64ra]

bb will probably have less sales now :(

[aporter727]

I understand its probably good to get in right away, but how long do these liquidation sales usually last?

[FatBoyInside]

Will it be possible to do returns today also? I'm really on the edge and freaking out right now.

[tripredicus]

See CC? This is what happens when you fuck with CheapyD!

We cook your meals, we haul your trash, we connect your calls, we drive your ambulances. We guard you while you sleep. Do not... fuck with us.

[KingofOldSchool]

I think my job is pretty safe from the incompetent schoolkids I've seen "working" at CC over the years.

Hmmm don't be too sure, those incompetent kids could easily take your job when your employer realizes they can pay them less than what they might be paying you.

Remember, being better at something does not mean anything. They will hire a bum off the street if it means they can pay the person less than someone else, even if that person is the best employee in the company.

[gemini]

So is this going to be a first week, 90% off, kind of liquidation, or can we expect insane deals right away?

[KingofOldSchool]

I understand its probably good to get in right away, but how long do these liquidation sales usually last?... seems my signature isnt working.

It varies.

Not all stores close on the same date. A lot of factors go into the closing dates. Sales is the biggest thing obviously, if stuff isn't moving then they would be more likely to close sooner.

If the store employees are impossible to work with, then the liquidators could close the store early regardless of sales. Then generally any remaining inventory would be moved to different stores that are moving stuff.

So basically, get in as soon as you can. If you really want something, don't hold off because it may not be there tomorrow.

[shrike4242]

Return it. Today. Nobody will be handling the warranties in the future -- CC will be out of the loop, and so nobody will be paying for the repairs on your TV. Keep the TV, ditch the warranty.. They're worthless anyway.The warranty is handled through a third-party company, not CC. CC is just the agent for the warranty.

The warranty should still be good, though when the warranty company is looking for payment on the repairs, that might be an issue.

I'd suggest to darkenpachi that he should return the warranty to CC and buy an extended warranty through the manufacturer, or through some other company like Squaretrade.

[DirkBelig]

This blows. I got my 51" Sony HDTV for HALF-OFF from CC 5 years ago and relied on their great deals to bash Beast Buy on PMs. I have a $10 GC I'd better burn tonight. Too bad their regular prices are so so-so.

[DarkKenpachi]

thanks Shrike that makes me feel a lot better.

[au7oma7ic]

I don't understand why Gift cards should/must be used today?

[whodat]

Wow that sucks for the employees. I thought CC had great deals on games unlike BB and Walmart. It will also be one less place to pricematch.

RIP CC....

[mva5580]

I'd say sorry, but I'm not. They deserve it, bad companies fail eventually, period. CC has always been a rip-off, always been multiple steps below the competitors. And I'd feel sorry for the people who will lost their job but seriously, you work retail. If you can't find another comparable job you probably should be unemployed anyway.

Call it being a jerk all you want, but it's fact. There's a reason why stores such as KB Toys, Suncoast Video, and Circuit City are all going under. They're not any good.

[lawdood]

The warranty is handled through a third-party company, not CC. CC is just the agent for the warranty.

The warranty should still be good, though when the warranty company is looking for payment on the repairs, that might be an issue.

I'd suggest to darkenpachi that he should return the warranty to CC and buy an extended warranty through the manufacturer, or through some other company like Squaretrade.

You're right, another problem with warranties bought through bankrupt retailers is you no longer have the convenience of returning your defective product to the store, rather you often have to incur the trouble of trying to mail it to the third party warrantor.

[pdjones]

.http://consumerist.com/5079502/no-deals-notorious-compusa-liquidator-to-run-circuit-city-closings

Doesn't look like there will be any great sales anyway....

[aporter727]

It varies.

Not all stores close on the same date. A lot of factors go into the closing dates. Sales is the biggest thing obviously, if stuff isn't moving then they would be more likely to close sooner.

If the store employees are impossible to work with, then the liquidators could close the store early regardless of sales. Then generally any remaining inventory would be moved to different stores that are moving stuff.

So basically, get in as soon as you can. If you really want something, don't hold off because it may not be there tomorrow.

Makes enough sense. I'll probably be swinging by one this Saturday if these reports are correct.

[joby27]

When the CC closed in Pomona, the first few weeks was the worst. 10% off regular price. It was more expensive than the stores not closing. The only thing worth getting was the CD's because they couldn't mark those up that high.

[KingofOldSchool]

I don't understand why Gift cards should/must be used today?

Because a gift card is a sale. They already have your money. Liquidators don't allow the use of gift cards, because they would basically be giving away free merchandise.

[Rodster]

While everyone likes to hop on the CC hate bandwagon, what this really means for gamers is less choice at the brick and mortars, less competitive sales, the loss of the CC game clearance, and lots of unemployed people all competing against you for jobs.

Damn shame.

I buy 95% of my games from Amazon.com so this doesn't really impact me. Although i'll be sure to check for some deals. Hopefully they'll have some really cheap PS2's. :bouncy:

[aporter727]

.http://consumerist.com/5079502/no-deals-notorious-compusa-liquidator-to-run-circuit-city-closings

Doesn't look like there will be any great sales anyway....

Get all your Petz games ASAP!

[outphase]

I don't understand why Gift cards should/must be used today?
The liquidator is not required to honor them. It only purchases the assets from CC, not the liabilities.

[rolliauctions]

Maybe we'll have one last $5 clearance sale after all...

[mike95]

Was there a thread for the liquidation of the other 150 stores that closed? It might be worth scanning through to see the potential price point/deals on items.One of thoee stores was in my town. There were no great deals on games. Started 10% off then 20%.