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

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post #1 of 30 (permalink) Old 01-16-2009, 04:48 PM Thread Starter
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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.
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post #2 of 30 (permalink) Old 01-16-2009, 04:51 PM
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This is certainly not good, either for the jobs lost or for the impact to retail that it will have.

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post #3 of 30 (permalink) Old 01-16-2009, 05:06 PM
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I hated CC. They sucked from the word GO!


let that be a lesson to businesses. poor service=Bankruptcy
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post #4 of 30 (permalink) Old 01-16-2009, 05:31 PM
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^ I feel the same way, the customer service sucked plus the stuff was over priced.
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post #5 of 30 (permalink) Old 01-16-2009, 05:34 PM Thread Starter
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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.
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post #6 of 30 (permalink) Old 01-16-2009, 05:36 PM
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Ouch... More people losing jobs... Not good...

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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.
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post #7 of 30 (permalink) Old 01-16-2009, 05:38 PM
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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
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post #8 of 30 (permalink) Old 01-16-2009, 05:41 PM
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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.

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post #9 of 30 (permalink) Old 01-16-2009, 05:46 PM
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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.

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post #10 of 30 (permalink) Old 01-16-2009, 05:48 PM
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Then why are they going under and BB profits are up?

not an argument but a question?
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