Circuit City announced today that it is close to finalizing a deal to sell all or part of its operation to one of two undisclosed potential buyers— but if the deal falls through— the store could be liquidated.
circuit city
Circuit City's "Free Shipping Day" Promise Turns Out To Be Worthless
By 1.7.09
Circuit City promised that if you ordered from them on December 18th, you’d get free shipping and a guarantee that your order would arrive before Christmas. It turns out that promise was worthless, at least for Brandon—or rather, it’s worth exactly $5 in company scrip from Circuit City. (We love apologies that force you to shop at the company that screwed up.) Circuit City’s CSR even says that the December 18th offer doesn’t exist, despite the fact that their logo is still up on the freeshippingday.com website as of today.
Despite Addressing Reader Complaint In Front Of Staff, Circuit City CEO Still Wears Failpants
By 12.16.08
David wrote a very angry letter to Circuit City’s CEO. The CEO responded, and used the letter as a learning point in his next staff Town Hall meeting, making David angrier than ever.
Circuit City Liquidator Doubles List Price Before Taking 50% Off?
By 12.9.08
Reader Michael’s fiance experienced first hand what we’ve been warning you about when it comes to liquidations. Liquidators are notorious for raising prices before “discounting” them, so make sure you know what the real list price is before you try to get a deal a closing Circuit City store.
Panic: Are Consumers Scared To Buy Gift Cards?
By 12.1.08
Earlier this year when the Sharper Image declared bankruptcy, they briefly stopped accepting gift certificates. Eventually, they did start accepting them again — but with the requirement that consumers buy twice the face value of the card. This, it seems, has caused a fair amount of panic among consumers. Chain emails are circulating warning shoppers not to buy gift cards from various retailers — claiming that they are going out of business. But are they?
Circuit City Bouncing Refund Checks, But Will Reissue Them
By 11.26.08
If you have a Circuit City refund check not deposited before 11/10, it’s going to bounce.
Circuit City Turns To Unrelentingly Optimistic Junk Email As The End Nears
By 11.21.08
Reader James forwarded us an unsolicited email from Circuit City that we had to post because it’s just so chipper about the fact that they’ve resorted to spamming him out of desperation. It cheerfully proclaims, “Now you’ll be the first to hear the latest news,” before informing him that he’d been “chosen” as one of their “best customers” to receive spam.
Circuit City Gets A Loan, Lives To Fight Another Day
By 11.11.08
Circuit City has secured a loan from Bank of America that will pay for its operating expenses until it emerges from bankruptcy next year, says Bloomberg. This financing gives CC a new lease on life — Yes, we may yet see the bankrupt retailer rise from the ashes to continue its proud tradition of ignoring customers who are standing at the register.
Circuit City Liquidator Demonstrates Its Ability To Do Math
By 11.11.08
Reader Scott went to the closing Circuit City in Oklahoma City and found that there weren’t many deals to be had. He also noticed that Circuit City’s liquidator seems to be having a problem calculating their discounts.
Timeline: How Circuit City Came Undone
By 11.10.08
Bankruptcy is a time for reflection, we guess, so we put together a nice little time line of Circuit City’s precipitous decline over the past 2 years. We begin our journey in March of 2007, when Circuit City announced that it was firing everyone who knew what 1080p meant so that they could hire cheaper labor…
Insider: Smart Shoppers Are Going To Circuit City Stores That Aren't Closing
By 11.10.08
An employee of one of the closing Circuit City stores tells us that they were offered “big bonuses” for sticking around until Dec 31 instead of looking for a new job — but when the liquidator showed up the “bonus” was $0.75 an hour. Ouch. Oh, and yes, the liquidator is raising prices according to this now disgruntled employee.
Poll: Will You Shop At Bankrupt Circuit City?
By 11.10.08
The pundits are concerned that shoppers will be reluctant to buy electronics from a retailer that has declared bankruptcy, because they’re worried about whether the store will be there to honor their extended warranties and gift cards. (Ew, extended warranties!)
Circuit City Files For Bankruptcy
By 11.10.08
Circuit City has filed for chapter 11 bankruptcy. According to their press release, this will allow them to undergo corporate restructuring, cut costs, get out of leases and figure out a way to still make a go of it. The stores will continue to operate, and they will seek to still allow for returns, exchanges, and gift cards.
By 11.7.08
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More Sadness: Circuit City is laying off between 500 and 800 people from its corporate headquarters. [InRich] (Thanks, Elizabeth!)
No Deals: Notorious CompUSA Liquidator To Run Circuit City Closings
By 11.7.08
Your worst suspicions have been confirmed, the liquidator that ran the notoriously awful CompUSA liquidation (they actually raised prices, click here to see a photo) is conducting the liquidation of 155 Circuit City stores.
Beware Items Without Pricetags At Liquidated Circuit City Locations
By 11.6.08
A former Circuit City employee says he visited some of his old coworkers and found out about a trick the liquidators are using that you should beware:
