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Circuit City to liquidate, close

Discussion in 'Economics and Financials' started by Muck, Jan 16, 2009.

  1. Muck

    Muck Throwback Uniform Crusader Retired Administrator

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    Circuit City, the nation's 2nd largest consumer electronics retailer, is closing its remaining 567 stores. 34,000 people will lose their jobs. They'd filed for bankruptcy in November. The day after I bought my camera at Pembroke Pines.

    Interesting note.

    That's what happened to CompUSA, now that TigerDirect has bought them.


    http://money.cnn.com/2009/01/16/news/companies/circuit_city/?postversion=2009011615
     
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  2. Regan21286

    Regan21286 MCAT's, EMT's, AMCAS, ugh

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    Better use my giftcards then.
     
  3. jdang307

    jdang307 Season Ticket Holder Club Member

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    OMG you still have some? Can you even use them still?

    I find the number of stores vs. number of employees in Canada vs. US to be intriguing :lol:
     
  4. Jimmy James

    Jimmy James Ron Swanson

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    I think the GCs were probably out as of the November bankruptcy filing. Gotta be careful where you buy folks GCs at in this climate. Outside of Target and Wal-Mart, I bought none this year.
     
  5. Regan21286

    Regan21286 MCAT's, EMT's, AMCAS, ugh

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    Yep a $20 and a ~$40 left one. You can continue to use those cards until March when the liquidation ends.

    The Circuit City nearby is surprisingly still in business. I go there often with price-matches on games. Rainbow Six Vegas 2 for under $30 on its release date? Sweetest deal I've seen in gaming for a while.

    They are not out. They received the court's permission to continue honoring gift cards until March. Unless Starbucks, Amazon, Best Buy, and Costco go out of business, I think I'm safe.
     
  6. byroan

    byroan Giggity Staff Member Administrator Luxury Box

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    Sucks to hear. I work for a competitor but the closest CC to my location is 30 mins away. Should help our stock though. :)
     
  7. pocoloco

    pocoloco I'm your huckleberry Club Member

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    so I'll ask, will there be mega sales in a couple months?
     
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  8. Stitches

    Stitches ThePhin's Biggest Killjoy Luxury Box

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    I got similar deals on SCIV collector's edition and Madden '09 anniversary edition off of Amazon ($30 and $40 respectively I think).

    And then Toys 'R Us had a website screw up where the buy 2 get 1 free was actually buy 1 get 1. Those were my best deals recently.
     
  9. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    Very sad.
     
  10. Jimmy James

    Jimmy James Ron Swanson

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    That's good. Now I need to think hard about the last time I bought something online to pick up at the store and whether they gave me a $24 gift card I never bothered to use. Now would be the time (but I think the answer is no -- I used it already).
     
  11. Regan21286

    Regan21286 MCAT's, EMT's, AMCAS, ugh

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    Circuit City (or at least my local store) is offering 30% off all mobiles/accessories, 20% CD's or DVD's (Blu-Ray excluded), and 10% everything not already on clearance or on sale.
     
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  12. Finfangirl

    Finfangirl Season Ticket Holder Luxury Box

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    Does anyone know if CC will honor their warranties. I bought a TV last yr and bought the extended warranty plan. I am having a hard time finding any info out on that.
     
  13. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    http://www.circuitcity.com/closed.html

    Are Circuit City's extended warranties affected by the liquidation?


    • No. Circuit City Advantage Protection Plans® (extended warranties) have been backed by third-party independent companies for more than 15 years and as a result, are not impacted by Circuit City's closing.
    • Currently, all Circuit City Advantage Protection Plans are fully backed by the Assurant Solutions companies. Assurant Solutions operates as Federal Warranty Service Corporation, Sureway, Inc., and United Service Protection, Inc. Assurant Solutions is part of Assurant, Inc. (NYSE: AIZ), and its extended service contacts are backed by an Assurant insurance subsidiary rated A "Excellent" by A.M. Best Co.
     
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  14. Finfangirl

    Finfangirl Season Ticket Holder Luxury Box

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    Thank you! I guess i didnt look hard enough :wink2:
     
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  15. Stitches

    Stitches ThePhin's Biggest Killjoy Luxury Box

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    Just an FYI, with future purchases you can probably find 3rd party warranties cheaper than what the big box stores offer that are just as good coverage-wise.
     
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  16. Styla

    Styla #1 Davone Bess Fan!!!

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    Well, just like Mervyn's, Circuit City is hiring for Sign holders and packers for the store.

    Try my luck there.
     
  17. Finfangirl

    Finfangirl Season Ticket Holder Luxury Box

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    thanks i usually go with 3rd party - but CC was having a special, if i took their warranty which was only like 54 bucks on a 42 inch LCD 1080p, i could get a home entertainment system. So i did!
     
  18. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    http://tech.yahoo.com/blogs/patterson/34216

    In a nutshell: Extended warranties are, indeed, managed by an outside vendor, and will be honored even after Circuit City has given up the ghost.

    Also: Circuit City gift cards will be honored during the big liquidation sale. Once the sales are over, though, unused gift cards will be useless, so make sure to cash them in now.
     
  19. anlgp

    anlgp ↑ ↑ ↓ ↓ ← → ← → B A

    yeah i might be stopping by the local store.
     

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