Although they are accepting offers from buyers who intend to keep the retail operation going — Bloomberg reports that Circuit City is taking bids from liquidators — including the notorious Gordon Brothers (of CompUSA fame.)
liquidation
Circuit City Close To Being Sold… Or Liquidated
By 1.9.09
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.
Santa's Not Coming: All KB Toys Stores To Be Liquidated And Closed
By 12.11.08
KB Toys has returned to Chapter 11 bankruptcy, says the Wall Street Journal, and will be liquidated by its parent company — Prentice Capital Management.
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.
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…
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.
Liquidations: Say Goodbye To Tweeter
By 11.5.08
Bankrupt high-end electronics retailer Tweeter is going away for good says the Boston Globe.
Few Deals To Be Had At Circuit City Liquidation Sales
By 11.4.08
The Wall Street Journal took a look at Circuit City’s current predicament today and concluded that they’re in deep sh*t. But that’s great for bargain hunters, right? Nah. Not really.
Liquidation: Linens 'n Things To No Longer Sell Linens, Things
By 10.15.08
Plans to auction off Linens ‘n Things were scrapped Monday night, says the Wall Street Journal, dooming the housewares retailer to liquidation by the end of the year. Apparently, no bidder was willing to offer more than the 475.5 million dollars offered by a group of liquidators who wanted to shut the retailer down.
Shaper Image Will Accept Gift Cards Only If You Buy Something 2x The Card's Value
By 3.7.08
The Shaper Image says that it will resume redemption of gift cards, but there’s a catch.
CompUSA Sells Shattered LCD With "May Have Minor Damage" Tag
By 2.25.08
Reader and blogger John writes in to let us know that not only is CompUSA selling a broken Sony DVD player for $179.98 (that’s 40% off the sticker price,) they also have the above-picture completely %$#@ing broken LCD for only $100.
CompUSA Sells "Defective" DVD Player That "Does Not Work" "As Is" For $179.98
By 2.24.08
CompUSA is selling a broken Sony DVD player for $179.98—that’s 40% off the sticker price! The Wife over at Bastion of Mediocrity noticed that the sticker also reads: “Defective,” “Does Not Work,” “As Is.”
Closing: An Employee Report From Inside The Wilson's Leather Bloodbath
By 2.19.08
Reader L is an employee of Wilson’s Leather and has the following to report from inside the liquidation. Everything and everyone must go.
CompUSA Refuses To Accept Cash
By 1.20.08
A CompUSA cashier summoned her manager and a security guard when Bud tried to pay for his purchases with cash. The promise of 40% discounts drew Bud to the Boisie, Idaho store, but he settled for a 10% discount on an iMac and several accessories.
I start counting out hundred dollar bills and the clerk goes nuts! “Sir, we don’t accept cash for this kind of purchase! You must use a credit card!” she says at the top of her lungs. (I see her also hit a button on the phone at the same time.)
Photos: CompUSA Raises Prices For Liquidation Sale
By 1.7.08
We’ve been hearing over and over again that there’s something shady afoot at the CompUSA liquidation sale. People from all over the country have been telling us that CompUSA is raising prices before knocking 15% off, resulting in not-so-hot discounts.
CompUSA Liquidation Scam: Double The Price, Then Knock Off 15%
By 12.27.07
For giggles, I stopped into our local CompUSA (Mount Laurel, NJ) to see what amazing deals could be had.
