RadioShack recently filed for Chapter 11 bankruptcy protection for the second time in just over two years, and the electronics chain has announced plans to close somewhere between 530 and all of its stores, making final decisions in the coming weeks. What we do know is that the company has begun another round of store closings, and a likely list of stores slated to close was filed in the Shack’s bankruptcy case. [More]
all sales final
TigerDirect Has New Owner, Changes Return Policy On Christmas
By 12.28.15
You may remember TigerDirect, a consumer electronics seller that has a website and once had stores across the country. They’re probably best known for acquiring the brands and assets of CompUSA and Circuit City when both chains filed for bankruptcy and went out of business. Now competitor PCM has purchased the TigerDirect brand, and appears to be winding down its consumer-facing business… including abruptly doing away with returns. Any returns. [More]
Circuit City Liquidation: If You Buy A Shattered TV, You Are Out Of Luck
By 2.23.09
WCVB TV in Boston has an interview with two Circuit City liquidation customers who are out $1,100 after they bought a Samsung LCD TV from Circuit City’s liquidation sale — only to find out that it was totally shattered. When they tried to return it — Circuit City’s liquidator told them the merchandise was sold “as is” and cannot be returned for any reason. WCVB TV says there’s a sign in one store telling customers not to open the merchandise, and another that allows customer to check their merchandise only after they’ve paid for it. Is this ethical?
The Limited Is Probably Shutting Down, But Won’t Say So
We’ve been sharing the news that women’s clothing chain The Limited is possibly doomed, even warning anyone still holding gift cards for the chain to use them up before they’re worthless. Your local store will probably have already closed before the company ever files for bankruptcy. [More]