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
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]
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?