Circuit City no more... - Mercedes-Benz Forum

Reply
 
LinkBack Thread Tools Display Modes
post #1 of 30 (permalink) Old 01-16-2009, 03:48 PM Thread Starter
BenzWorld Elite
 
Date registered: Jul 2006
Posts: 5,543
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
(Thread Starter)
Circuit City no more...

Sad.

Judge approves Circuit City liquidation plan

Judge approves Circuit City liquidation plan
By MICHAEL FELBERBAUM and VINNEE TONG, AP Business Writers

Friday, January 16, 2009



(01-16) 11:48 PST NEW YORK, (AP) --

A bankruptcy judge says Circuit City Stores Inc. can liquidate its remaining 567 U.S. stores.

Circuit City needed approval from U.S. Bankruptcy Judge Kevin Huennekens (HIN-a-kins) to begin to put itself out of business. It sought a buyout deal, but one could not be reached.

The nation's second-biggest consumer electronics retailer says it will lay off more than 30,000 workers and begin close-out sales on Saturday.

Richmond, Va.-based Circuit City filed for Chapter 11 protection in November.

Its Canadian unit is still negotiating for a possible takeover.
maine_coon is offline  
Sponsored Links
Advertisement
 
post #2 of 30 (permalink) Old 01-16-2009, 03:51 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
This is certainly not good, either for the jobs lost or for the impact to retail that it will have.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #3 of 30 (permalink) Old 01-16-2009, 04:06 PM
BenzWorld Elite
 
yoseyman's Avatar
 
Date registered: Nov 2005
Vehicle: Baby
Location: 1313 Mockingbird lane
Posts: 9,689
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
I hated CC. They sucked from the word GO!


let that be a lesson to businesses. poor service=Bankruptcy
yoseyman is offline  
post #4 of 30 (permalink) Old 01-16-2009, 04:31 PM
BenzWorld Elite
 
Date registered: Oct 2007
Vehicle: 2002 SLK 230 1986 560SL 2008 Honda CRV
Location: Rochester,NH USA
Posts: 3,664
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
^ I feel the same way, the customer service sucked plus the stuff was over priced.
livefreeordie is offline  
post #5 of 30 (permalink) Old 01-16-2009, 04:34 PM Thread Starter
BenzWorld Elite
 
Date registered: Jul 2006
Posts: 5,543
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
(Thread Starter)
OK you two should be happy now.

30,000 are unemployed and you are dealing with Best Buy Beast-only.

"Good Guys" are gone.

"Compusa" is gone.

Best Buy Beast is the only game in town.
maine_coon is offline  
post #6 of 30 (permalink) Old 01-16-2009, 04:36 PM
BenzWorld Extremist
 
Black04C230's Avatar
 
Date registered: Mar 2008
Vehicle: 2004.5 C230 Kompressor Sport Sedan
Location: St. Louis, MO
Posts: 910
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Ouch... More people losing jobs... Not good...

2004.5 C230 Kompressor Sport Sedan.
C55 Lip Spoiler, Roof Spoiler, 3 Fin Grill, Flat Hood Emblem, Clear Corners, Projector Headlights, Eyelids, Projector Foglights, Brabus Door Pins, Smoked Tail Lights, Smoked Third Brake Light, and Window Tints.
Next: C63's & AMG facelift.
Black04C230 is offline  
post #7 of 30 (permalink) Old 01-16-2009, 04:38 PM
BenzWorld Elite
 
yoseyman's Avatar
 
Date registered: Nov 2005
Vehicle: Baby
Location: 1313 Mockingbird lane
Posts: 9,689
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by maine_coon View Post
OK you two should be happy now.

30,000 are unemployed and you are dealing with Best Buy Beast-only.

"Good Guys" are gone.

"Compusa" is gone.

Best Buy Beast is the only game in town.
Evaluate. if they suck people will not shop. if they are good people will spend.

let them learn. I do not feel sorry for them
yoseyman is offline  
post #8 of 30 (permalink) Old 01-16-2009, 04:41 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by yoseyman View Post
Evaluate. if they suck people will not shop. if they are good people will spend.

let them learn. I do not feel sorry for them
I had nothing but good service from CC. I would imagine that location is part of it. Here in Lex it is the BB that sucks regarding service. The CC location in Hamburg is ALWAYS more crowded than BB. And the prices are dead even.

Of course now that they don't have competition BB won't have to be price aggressive and match prices and keep prices low.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #9 of 30 (permalink) Old 01-16-2009, 04:46 PM
BenzWorld Extremist
 
Black04C230's Avatar
 
Date registered: Mar 2008
Vehicle: 2004.5 C230 Kompressor Sport Sedan
Location: St. Louis, MO
Posts: 910
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
CC here is cheaper than Best Buy. On an item around $1,000, I would expect to pay an extra $100 if bought from Best Buy. I don't really care for Best Buy.

2004.5 C230 Kompressor Sport Sedan.
C55 Lip Spoiler, Roof Spoiler, 3 Fin Grill, Flat Hood Emblem, Clear Corners, Projector Headlights, Eyelids, Projector Foglights, Brabus Door Pins, Smoked Tail Lights, Smoked Third Brake Light, and Window Tints.
Next: C63's & AMG facelift.
Black04C230 is offline  
post #10 of 30 (permalink) Old 01-16-2009, 04:48 PM
BenzWorld Elite
 
yoseyman's Avatar
 
Date registered: Nov 2005
Vehicle: Baby
Location: 1313 Mockingbird lane
Posts: 9,689
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Then why are they going under and BB profits are up?

not an argument but a question?
yoseyman is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Topic Author Forum Replies Last Post
Circuit city butchered my antenna? musides W123 E,CE,D,CD,TD,TE Class 16 09-21-2007 10:08 PM
White W124 at Circuit City Jantzen Beach, Portland '91 300CE W124 E,CE,D,TD Class 0 08-25-2007 10:23 AM
Mad at Circuit City but I need help from you guys! Benzkid89 W201 190-Class 8 01-17-2007 09:55 PM
Circuit City Sux Gregs300CD W123 E,CE,D,CD,TD,TE Class 8 08-14-2005 03:02 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 

Title goes here

close
video goes here
description goes here. Read Full Story
For the best viewing experience please update your browser to Google Chrome