Home Theater Forum › Home Theater Forum › Bargains and Classifieds › Bargains and Deals › Circuit City closing all stores -- watch for bargains coming soon
New Posts  All Forums:Forum Nav:

Circuit City closing all stores -- watch for bargains coming soon - Page 8

post #211 of 244
3/3/09 at 3:15pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by EricSchulz
Interesting article, but SERIOUSLY...who would be stupid enough to spend $1000+ on a TV--with an "all sales final" caveat--and not want to check the product first?

The store in Louisville was even worse. They had a couple 45+ inch sets for $800 but the only catch was that there wasn't any returns. I thought about it for a few seconds and then asked for them to turn it on. They then told me that there wasn't a power cord (I'd have to buy it) and the remote was missing (he tried selling me a Universal remote). At first I thought it was a joke but I just walked out. I couldn't believe they were expecting people to trust them so I went over to Best Buy, bought a power cord and went back to CC to plug the television in. The picture came up for a few seconds, started flickering and then looked like the colors were melting. I was asked to leave but my girlfriend went back in later and they were still trying to sell the television. I wonder how many people are going to end up getting ripped by stuff like this.

The rest of the stuff was mostly open boxed items without any returns and of course, cords and remotes were all missing.
Reply
post #212 of 244
3/3/09 at 3:32pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by MarkBirds
Movies and CDs are down to 70% off. There were a few things left, like BDs of Space Cowboys,...

At the end of the world, there are going to be cockroaches and endless supplies of Space Cowboys DVDs and Blu-rays. Someone must have thought that everyone in the world needs 2 copies of this film because I've seen it everywhere in huge quantities for a decade.

Quote:
Originally Posted by Michael Elliott
The store in Louisville was even worse. They had a couple 45+ inch sets for $800 but the only catch was that there wasn't any returns. I thought about it for a few seconds and then asked for them to turn it on. They then told me that there wasn't a power cord (I'd have to buy it) and the remote was missing (he tried selling me a Universal remote). At first I thought it was a joke but I just walked out. I couldn't believe they were expecting people to trust them so I went over to Best Buy, bought a power cord and went back to CC to plug the television in. The picture came up for a few seconds, started flickering and then looked like the colors were melting. I was asked to leave but my girlfriend went back in later and they were still trying to sell the television. I wonder how many people are going to end up getting ripped by stuff like this.

That is just too funny. "Please leave. We can't have customers seeing if it works."

Seriously though, I hate to see Circuit City go as well. This is probably the silly liquidation company policy and not the good employees that worked at CC during their good days.
Reply
post #213 of 244
3/3/09 at 3:54pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by David Deeb
At the end of the world, there are going to be cockroaches and endless supplies of Space Cowboys DVDs and Blu-rays.
The store in my area still had a couple copies of Space Cowboys too.
Reply
post #214 of 244
3/3/09 at 8:34pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by Will_B
100% off nothing left?

Reply
post #215 of 244
3/3/09 at 8:36pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by Michael Elliott
I couldn't believe they were expecting people to trust them so I went over to Best Buy, bought a power cord and went back to CC to plug the television in. The picture came up for a few seconds, started flickering and then looked like the colors were melting. I was asked to leave but my girlfriend went back in later and they were still trying to sell the television. I wonder how many people are going to end up getting ripped by stuff like this.

I would have called the police. (Not 911, of course.)

So, is Space Cowboys worth watching? I've never seen (or bought!) it.
Reply
post #216 of 244
3/3/09 at 8:42pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Space Cowboys? I liked it, if for no other reason than the stellar cast, if you liked Armageddon, you'll like this.
Reply
post #217 of 244
3/5/09 at 4:08am

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by Michael Elliott
The store in Louisville was even worse. They had a couple 45+ inch sets for $800 but the only catch was that there wasn't any returns. I thought about it for a few seconds and then asked for them to turn it on. They then told me that there wasn't a power cord (I'd have to buy it) and the remote was missing (he tried selling me a Universal remote). At first I thought it was a joke but I just walked out. I couldn't believe they were expecting people to trust them so I went over to Best Buy, bought a power cord and went back to CC to plug the television in. The picture came up for a few seconds, started flickering and then looked like the colors were melting. I was asked to leave but my girlfriend went back in later and they were still trying to sell the television. I wonder how many people are going to end up getting ripped by stuff like this.

The rest of the stuff was mostly open boxed items without any returns and of course, cords and remotes were all missing.

That is disappointing and unacceptable, you were smart to check it out. I assume the manufacturer warranty is valid and there is a way to get the TV repaired under warranty so there might be a way to make it work out alright at the right price.

I purchased a Samsung BD-UP5000 during the liquidation sale without checking it out and it didn't work but Samsung repaired it quickly, replacing the mainboard apparently and it seems to work well now but it is still under warranty so I am going to use it a lot during the warranty period to make sure.

Chris
Reply
post #218 of 244
3/5/09 at 4:11am

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by Aaron Silverman
I would have called the police. (Not 911, of course.)

So, is Space Cowboys worth watching? I've never seen (or bought!) it.

Is it a crime to offer broken TV's with a no return policy? I can't imagine the police would even show up if someone called with a complaint like that.

I like Space Cowboys, silly but fun and morale boosting for us older guys.

Chris
Reply
post #219 of 244
3/5/09 at 11:22am

Re: Circuit City closing all stores -- watch for bargains coming soon

The end is near:
Circuit City to Close All Stores by Sunday - WSJ.com

Quote:
"Consumers reacted to the top-quality product that they had, and the prices we were able to sell it at, and we're basically running out of inventory a week early," said Scott Carpenter, vice president for Great American Group LLC, which has been managing Circuit City Stores Inc.'s going-out-of-business sales.

I guess that includes the top quality broken TVs.
Reply
post #220 of 244
3/5/09 at 11:29am

Re: Circuit City closing all stores -- watch for bargains coming soon

R.I.P. CC.

Your misbegotten trek to extinction began with DIVX, and ended when you canned all your higher-earning employees who knew anything. May you serve as a business model for all customer-service-oriented electronic stores. NOT.
Reply
post #221 of 244
3/8/09 at 3:56pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Here's hoping that a Fry's goes in where the one near my house has been. I'm only more than happy to see Circuit City go. They won't be missed.
Reply
post #222 of 244
3/9/09 at 4:23am

Re: Circuit City closing all stores -- watch for bargains coming soon

There's a HUGE Shopping Center under construction in Port Orange, Florida. Construction began at the end of 2007 and Circuit City was to be it's Anchor. Now with the economy the way it is I wonder if this center will become another "Dixie Square".

(For those of you in Rio Linda, Dixie Square is a Mall that opened south of Chicago in the mid-1960s. JC Penney and Wards were the Anchors. The area it was built in fell on hard times, and the mall closed in 1979. (The Mall Chase Scene in The Blues Brothers was filmed there.) The Mall has stood vacant for the last 30 years, Vandals and Scavengers have totally gutted it, and it justs stands there deteriorating away.)
Reply
post #223 of 244
3/9/09 at 5:11am

Re: Circuit City closing all stores -- watch for bargains coming soon

"Disco Pants and Haircuts!"

"This mall has everything!"

Reply
post #224 of 244
3/9/09 at 7:14am

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by Regulus
There's a HUGE Shopping Center under construction in Port Orange, Florida. Construction began at the end of 2007 and Circuit City was to be it's Anchor...

The Circuit City location on Staten Island is in a less than 10 years old shopping center in which CCity and Staples are the anchors, each about the same size. CCity had the better location as it was visible from heavily traveled Richmond Avenue. So you could say it was the "main anchor".

Now that shopping center and hundreds of others have huge spaces for rent. If the economy were stronger this would be the time for someone like Fry's to expand eastward. I think a lot of the old CCity locations will be chopped up into smaller retail spaces. Locally, Staples is rumored to be taking the CCity space, but that still leaves a big chunk of empty retail space with few takers.

Dixie Square mall has been abandoned for 30 years? How bad can an area be that no other retailer was interested in the place?

"The Oldsmobiles are in early this year".
Reply
post #225 of 244
3/9/09 at 12:55pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by Shawn.F
"Disco Pants and Haircuts!"

"This mall has everything!"

Hey the new Oldsmobilies are in!
Reply
post #226 of 244
3/10/09 at 1:46pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by Dan1
Dixie Square mall has been abandoned for 30 years? How bad can an area be that no other retailer was interested in the place?
From what I have read, it's an area with a very high crime rate and that's apparently what killed the place off in the '70s.

There is quite a bit of info about the Dixie Square Mall online:
Dead Malls dot Com: Feature: Dixie Square Mall: Harvey, IL
Dixie Square Mall - Wikipedia, the free encyclopedia
Barraclou.Com - Dixie Square Mall, Harvey,IL
Dixie Square- The Mall Is Open But Nobody's Shopping
http://eddie.kbx81.net/dsmall.html
Dixie Square Mall; Harvey, Illinois Labelscar: The Retail History Blog
Reply
post #227 of 244
3/10/09 at 3:33pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Fry's stores are HUGE- they'd never fit in the space of a Circuit City, unless they decided to do a "Fry's Express" or something.
Reply
post #228 of 244
3/11/09 at 7:51am

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by Jesse Skeen
Fry's stores are HUGE- they'd never fit in the space of a Circuit City, unless they decided to do a "Fry's Express" or something.

The maximum square footage allowed by New York City zoning for a retail space is 100,000 square feet. But, of course, there are weird exceptions like for a "hardware" store. So Home Depot can build larger locations but everybody else including supermarkets are limited to 100,000 square feet.

I'm guessing that the former CCity location on Staten Island was less than 100,000 square feet, maybe more like 50,000 sq. ft. Same for all the other CCity locations within NYC.
Reply
post #229 of 244
3/12/09 at 3:50pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by MarkBirds
Hey the new Oldsmobilies are in!


They broke my watch!
Reply
post #230 of 244
4/13/09 at 11:12am

Re: Circuit City closing all stores -- watch for bargains coming soon

Circuit City seeks to sell brand, Web site
By MICHAEL FELBERBAUM (AP Business Writer)
From Associated Press
April 13, 2009

RICHMOND, Virginia - Circuit City Stores Inc. hopes to sell its brand, trademarks and e-commerce business to Systemax Inc., the same company that purchased electronics retailer CompUSA's intellectual property when it closed in 2008.

Richmond-based Circuit City, also a shuttered electronics retailer, has entered a so-called stalking horse agreement with Systemax for $6.5 million, according to bankruptcy court filings.

A stalking horse bid is an initial offer for a bankrupt company's assets from an interested buyer chosen by the company.

The agreement includes two and one-half years of payments to Circuit City of a portion of Systemax's revenue from the Circuit City Web site.

Port Washington, New York-based Systemax manufactures and sells consumer electronics online, by direct mail and in retail stores under the TigerDirect and CompUSA brands.

When it bought Dallas-based CompUSA's intellectual property in January 2008 from restructuring firm Gordon Brothers Group LLC, it also acquired some stores.

Other companies will have an opportunity to bid on Circuit City's intellectual property, if a federal bankruptcy court judge at a hearing Tuesday grants a motion for a May 11 auction and May 13 sale hearing.

Copyright 2009 The Associated Press.
Reply
post #231 of 244
4/13/09 at 2:04pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Interesting. The CompUSA by here re-opened almost immediately after closing. I wonder whether Systemax will re-open any CC stores.
Reply
post #232 of 244
4/13/09 at 2:29pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by Aaron Silverman
Interesting. The CompUSA by here re-opened almost immediately after closing. I wonder whether Systemax will re-open any CC stores.
Systemax re-opened the CompUSA as a "CompUSA" or under a new name? I don't see any CCity stores re-opening under the CCity name. It was dragged through the gutter over the last year, especially during the liquidation-from-hell.
Reply
post #233 of 244
4/13/09 at 2:55pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by Dan1
Circuit City seeks to sell brand, Web site
By MICHAEL FELBERBAUM (AP Business Writer)
From Associated Press
April 13, 2009

RICHMOND, Virginia - Circuit City Stores Inc. hopes to sell its brand, trademarks and e-commerce business to Systemax Inc., the same company that purchased electronics retailer CompUSA's intellectual property when it closed in 2008. Richmond-based Circuit City, also a shuttered electronics retailer, has entered a so-called stalking horse agreement with Systemax for $6.5 million, according to bankruptcy court filings. A stalking horse bid is an initial offer for a bankrupt company's assets from an interested buyer chosen by the company.

Must be some truth to this. Circuit City states that "Circuit City would like to thank the millions of customers who have shopped with us during the past 60 years. Unfortunately, we announced on January 16, 2009, that we are closing our stores. CircuitCity.com is also temporarily closed, although we anticipate the website will reopen in the coming weeks. Please check back for updates."
Reply
post #234 of 244
4/14/09 at 3:48am

Re: Circuit City closing all stores -- watch for bargains coming soon

I would guess that Systemax will be the high bidder by a longshot. What I don't understand is how this makes any sense. Systemax already owns TigerDirect and CompUSA and all this business would amount to is more competition for themselves. If Circuit City has such goodwill that Systemax can increase profits by the amount of this purchase, I sure don't see it. The company's profit margins on items sold are slim and large volume is required as is since the company's customers expect low prices and accurately described products and not much else. If the company is going to try to establish Circuit City as some sort of higher end online retailer, good luck is about all I can offer.

Chris
Reply
post #235 of 244
4/14/09 at 10:34am

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by Dan1
Systemax re-opened the CompUSA as a "CompUSA" or under a new name? I don't see any CCity stores re-opening under the CCity name. It was dragged through the gutter over the last year, especially during the liquidation-from-hell.

They're back as CompUSA. The store appears to be basically the same -- except with better prices!
Reply
post #236 of 244
4/14/09 at 10:35am

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by Chris Gerhard
I would guess that Systemax will be the high bidder by a longshot. What I don't understand is how this makes any sense. Systemax already owns TigerDirect and CompUSA and all this business would amount to is more competition for themselves. If Circuit City has such goodwill that Systemax can increase profits by the amount of this purchase, I sure don't see it. The company's profit margins on items sold are slim and large volume is required as is since the company's customers expect low prices and accurately described products and not much else. If the company is going to try to establish Circuit City as some sort of higher end online retailer, good luck is about all I can offer.

Chris

The current websites and emails from CompUSA and Tiger Direct are essentially identical. They might just put up the same stuff under the Circuit City name.
Reply
post #237 of 244
4/14/09 at 12:51pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Quote:
Originally Posted by Aaron Silverman
They're back as CompUSA. The store appears to be basically the same -- except with better prices!
really better price? let's check ém up.. thanks mate..
Reply
post #238 of 244
4/17/09 at 4:28pm

Re: Circuit City closing all stores -- watch for bargains coming soon

I wish they'd reopen a CompUSA or two around this part of Southern California. I miss being able to walk into a store to buy computer parts.

I'd also welcome a Circuit City or two reopening in this area too. Some of the stores around here seemed to be doing well before they filed for bankruptcy. I would suggest they not so closely mimic the Best Buy look that they took on the past few years however.
Reply
post #239 of 244
5/23/09 at 9:16am

Re: Circuit City.com - back from the dead!

I received an email today from "CircuitCity.com" informing me that they are being "relaunched" as a Systemax Company with "World Class Service, 24/7". I wonder how long this will last. No mention of re-opening any retail locations.

The new CircuitCity.com
Reply
post #240 of 244
5/23/09 at 2:05pm

Re: Circuit City closing all stores -- watch for bargains coming soon

Seems odd that anyone would want to relaunch a business that went through a very recent and public bankruptcy and liquidation. I can't imagine people are clamoring to begin shopping again at Circuit City so soon after the meltdown.
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Bargains and Deals
Home Theater Forum › Home Theater Forum › Bargains and Classifieds › Bargains and Deals › Circuit City closing all stores -- watch for bargains coming soon