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Circuit City to liquidate remaining U.S. stores

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Old
01-16-2009, 10:45 AM
  #1
Lost Horizons
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Circuit City to liquidate remaining U.S. stores

Circuit City to liquidate remaining U.S. stores

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01-16-2009, 02:37 PM
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RandV
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Kind of sad that it seems the only way to stay in business is to rip your customers off on Warranties, cables, and repair services.

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01-16-2009, 02:44 PM
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Quote:
Originally Posted by RandV View Post
Kind of sad that it seems the only way to stay in business is to rip your customers off on Warranties, cables, and repair services.
Margins are wafer thin on computers and big-ticket electronics. You have to make it up somewhere.

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01-16-2009, 02:48 PM
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Quote:
Originally Posted by SeattleBruin View Post
Margins are wafer thin on computers and big-ticket electronics. You have to make it up somewhere.
Bull, they make good profits on the big ticket electronics

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01-16-2009, 02:53 PM
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Originally Posted by Rattlehead View Post
Bull, they make good profits on the big ticket electronics
Then something has changed a lot since I changed careers from being a salesman (not for Circuit City, I sold IT equipment mostly, but the company also sold stuff like big-screen TVs and the margins were not good).

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01-16-2009, 03:04 PM
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i know people who work for future shop (canada's circuit city) and they all told me theres a decent profit margin on the tv's, and thats how they make their commission

tv's are a lot cheaper in the states though...so i guess it varies

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01-16-2009, 03:26 PM
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It may also be that the company I worked for didn't move enough consumer electronics (it sure wasn't the focus) to buy for good prices, resulting in lower margins.

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01-16-2009, 03:27 PM
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Some stores are starting sales this weekend

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01-16-2009, 03:31 PM
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Their site is also down temporarily, the main page redirects to: http://www.circuitcity.com/closed.html

Quote:
We're updating our site with new products and special offers. Please come back in a few minutes

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Old
01-16-2009, 03:33 PM
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they must not understand how to liquidate if they're adding products...

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01-16-2009, 03:37 PM
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I thought that was odd too.

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Old
01-16-2009, 04:15 PM
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Quote:
Originally Posted by SeattleBruin View Post
Their site is also down temporarily, the main page redirects to: http://www.circuitcity.com/closed.html

Translation:

"The sheer number of vultures who have logged onto our website looking to pick over our carcass has caused us to exceed our bandwidth."

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Old
01-16-2009, 04:18 PM
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Quote:
Originally Posted by Timmy View Post
Translation:

"The sheer number of vultures who have logged onto our website looking to pick over our carcass has caused us to exceed our bandwidth."
Their site is hosted using AOL dial-up.

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Old
01-16-2009, 04:24 PM
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Quote:
Originally Posted by Timmy View Post
Translation:

"The sheer number of vultures who have logged onto our website looking to pick over our carcass has caused us to exceed our bandwidth."
Guilty as charged. I prefer the term "opportunist" though. >.>

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01-16-2009, 04:30 PM
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This stinks. Now I'm stuck with the rip-off artists from Best Buy forever?

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01-16-2009, 04:38 PM
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Originally Posted by fourthliner View Post
This stinks. Now I'm stuck with the rip-off artists from Best Buy forever?
Best Buy sucks. No Fry's by you?

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01-16-2009, 04:44 PM
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Best Buy sucks. No Fry's by you?
Sadly, nope

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01-16-2009, 05:07 PM
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Quote:
Originally Posted by SeattleBruin View Post
Margins are wafer thin on computers and big-ticket electronics. You have to make it up somewhere.
And who sets the margins that low in the first place?

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01-16-2009, 05:15 PM
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Originally Posted by RandV View Post
And who sets the margins that low in the first place?
In a very competitive market, someone will be the price leader. Odds are, that someone is bigger than you, sells higher volume, and therefore buys more volume, and therefore buys at a better price. You match their prices (or at least get close) and sell at a low margin, or you sell nothing, especially when the economy is sour like this. You make it up by trying the get the buyer to also buy higher-margin items (accessories, cables, service plans) from you as well, and bring up your overall profit margin for the sale. Resellers will sometimes even have to deal with competing against the direct sales of the very manufacturer whose product they're trying to sell.

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01-16-2009, 05:22 PM
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Quote:
Originally Posted by Timmy View Post
Translation:

"The sheer number of vultures who have logged onto our website looking to pick over our carcass has caused us to exceed our bandwidth."
I have no sympathy for an obviously poorly run business going under.

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Old
01-16-2009, 06:07 PM
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I have no sympathy for an obviously poorly run business going under.

Oh, neither do I.

I just think it would be funny if that's what a bitter soon-to-be toast company wanted to say.

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Old
01-16-2009, 06:49 PM
  #22
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Circuit City will still be run in Canada. Woot.

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01-16-2009, 06:50 PM
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Quote:
Originally Posted by Timmy View Post
Oh, neither do I.

I just think it would be funny if that's what a bitter soon-to-be toast company wanted to say.
I'm sure their webmaster did.

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Old
01-16-2009, 06:54 PM
  #24
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Circuit City will still be run in Canada. Woot.
We have Circuit City in Canada? I've never seen any in Ontario or Quebec.

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Old
01-16-2009, 07:01 PM
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We have Circuit City in Canada? I've never seen any in Ontario or Quebec.
The Source = Circuit City

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