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Best Buy will be the only game in town for many customers. Circuit City was second to Best Buy in the retail consumer electronics market.  (Source: AdRants)
Best Buy shall rule the land when it comes to retail electronics in the U.S.

It’s been a tough road for Circuit City. The retail electronics giant has been pummeled over the years by the likes of Best Buy and Walmart, and has been unable to turn its operations around due to the current state of the economy.

In early November, the company announced plans to close 155 stores in the United States. The stores combined accounted for $1.4 billion USD in sales for fiscal year 2008.

Just a week later, Circuit City filed for Chapter 11 bankruptcy protection -- the filing showed that the company has $2.2 billion USD in debt and $3.4 billion USD in assets. The news got even bleaker today as Circuit City's CEO announced that the company failed to find a buyer and that it could not refinance its debt.

As a result, Circuit City will liquidate all of its remaining stores. The liquidators lined up to sell off the merchandise from the remaining 567 stores include Great American Group, Hudson Capital, SB Capital Group and Tiger Capital.

"We are extremely disappointed by this outcome," said Circuit City CEO James A Marcum "Regrettably for the more than 30,000 employees of Circuit City and our loyal customers, we were unable to reach an agreement with our creditors and lenders to structure a going-concern transaction in the limited timeframe available, and so this is the only possible path for our company."

In early July, Blockbuster rejected a deal to purchase Circuit City.



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pic
By Alphafox78 on 1/16/2009 12:19:17 PM , Rating: 5
what does that pic have to do with CC? is breastbuy taking them over?




RE: pic
By Grast on 1/16/2009 12:24:35 PM , Rating: 5
no, those are just fun to look at while you are reading the artical.

Thanks DT


RE: pic
By m1ldslide1 on 1/16/2009 12:29:25 PM , Rating: 5
I find that picture a compelling addition to the subject matter. If only all news of the financial crisis was presented in this fashion, the nation wouldn't be so glum about it all.


RE: pic
By Bender 123 on 1/16/2009 4:35:55 PM , Rating: 2
All systems are go for the space elevator!

Payload is airborne!


RE: pic
By nugundam93 on 1/16/2009 5:38:35 PM , Rating: 2
hahahahaha nice reference on that recent space elevator article here in DT. :)

and breastbuy ftw!


RE: pic
By Hiawa23 on 1/16/2009 7:39:19 PM , Rating: 2
I feel for the employees, but I plan to take advantage of the fire sale, & Best Buy has always been my #1 store, so good for them. This is really sad..


RE: pic
By Mitch101 on 1/17/2009 9:54:46 AM , Rating: 2
Go with caution and read the article in the link and watch the video.

At a Circuit City store taken over by liquidators, Good Morning America found a Samsung HD TV for $1,799 only available from an opened box, while a still-in-business Circuit City was selling the same brand new TV for $1,599.

Linens 'n Things Tricky Liquidation Tactics Exposed
http://www.savvysugar.com/2538324


RE: pic
By The0ne on 1/18/2009 3:31:49 PM , Rating: 2
CompUSA did the same thing for weeks. High prices in the face of a total shutdown. Lets see what the CircuitCity stores here do :)


RE: pic
By mattclary on 1/19/2009 8:28:14 AM , Rating: 2
You NEVER get any worthwhile deals from these places when they close. At least not if you are a savvy shopper and are even remotely are aware of how to shop on the internet. Heck, you can get better prices at Wal-Mart than these so-called sales.


RE: pic
By phazers on 1/16/2009 4:47:55 PM , Rating: 2
I wonder if she gets DTV on those?? Or if you put tinfoil over them, they'd make a fine pair of satellite dishes :).


RE: pic
By jonmcc33 on 1/16/2009 12:45:00 PM , Rating: 5
There's an article?


RE: pic
By sigilscience on 1/16/2009 2:41:40 PM , Rating: 5
You all say what you want, But Aguilera looked a lot better before she went under the silicone gun.


RE: pic
By Totally on 1/16/2009 2:47:28 PM , Rating: 5
yeah, she looks really gross and unintelligent in that picture.


RE: pic
By Lord 666 on 1/16/2009 2:48:59 PM , Rating: 2
Too bad Christina Hendricks never posed in front of a Best Buy sign.


RE: pic
By mkruer on 1/16/2009 2:51:57 PM , Rating: 5
Those don't look like CC's they look like DD's too me.


RE: pic
By FITCamaro on 1/16/2009 3:24:05 PM , Rating: 2
When does she ever look intelligent. She hasn't gotten to where she is with her brains....or her singing for that matter.


RE: pic
By SiliconDoc on 1/17/2009 12:04:31 AM , Rating: 1
That makes you the idiot in my book - she is one of the most talented and can put on a variety of shows from modern grunge to old time 40's style.
She has more talent in her right nipple than you ever dreamed of in front of your Stuart Smalley mirror.


RE: pic
By FITCamaro on 1/17/2009 12:33:17 AM , Rating: 2
I also don't pretend to be a good singer either. I know I suck.


RE: pic
By mattclary on 1/19/2009 8:38:08 AM , Rating: 2
Agreed. One may not care for her style or looks, but she is undeniably talented. I suspect anyone who claims she has no talent has never actually listened to her. Now, on the other hand, without synthesizers to help her out, I don't think Brittany Spears could carry a tune in a bucket.


RE: pic
By Reclaimer77 on 1/17/2009 7:40:26 AM , Rating: 1
I didn't even know that was her when I saw that pic.

Latin hotties always seem to age poorly. Her face is really messed up. Looks nothing like the way I remembered her.

The new tits though, are a big plus. Not only do they increase your overall hotness, but they do a great job of taking the focus off the face.


RE: pic
By tehbiz on 1/17/2009 1:35:20 PM , Rating: 2
yeah cause alba sure isnt aging very well. xtina recently had a kid and hasnt taken off the baby weight brah.


RE: pic
By mattclary on 1/19/2009 8:39:56 AM , Rating: 2
I am pretty sure she had a boob job a long time ago, but what you are seeing in that picture is courtesy of the boobie fairy who visited while she was pregnant.


RE: pic
By MrBlastman on 1/16/2009 12:30:33 PM , Rating: 2
No, the bigger the marketshare that Best Buy can potentially capture, the larger they grow.

They are basically a real-time public awareness indicator of how much Best Buy is in your face (or, as some might imagine, would like them to be).


RE: pic
By SiliconDoc on 1/17/2009 12:06:10 AM , Rating: 3
Best Buy's customer service SUCKS - and their tech department is the pits.
So much for quality - it's a throw away industry now - bend over and grab your ankles.


RE: pic
By mooncancook on 1/16/2009 1:01:47 PM , Rating: 3
I think it was meant to say: BB's assets >>> CC's assets


RE: pic
By Alphafox78 on 1/16/2009 1:05:19 PM , Rating: 5
they didnt show her asset tho


RE: pic
By quiksilvr on 1/16/2009 1:43:47 PM , Rating: 2
That's because CC doesn't have any whereas BB...does.


RE: pic
By bigboxes on 1/16/2009 1:16:39 PM , Rating: 2
DD's assets >>> BB's assets >>> CC's assets


RE: pic
By Phlargo on 1/16/2009 1:24:48 PM , Rating: 3
Whereas I would argue that "CC"s assets might exceed those of "BB". You were correct in identifying "DD"'s asset supremacy.


RE: pic
By Kromis on 1/16/2009 2:17:24 PM , Rating: 4
I don't remember Christina Aguilera having a huge rack


RE: pic
By Brandon Hill (blog) on 1/16/2009 2:49:15 PM , Rating: 2
1) She got implants a few years back
2) She was pregnant in that particular picture

You do the math...


RE: pic
By akmsr on 1/17/2009 3:48:35 AM , Rating: 2
that deserves a 6


The competition
By djb2cents on 1/16/2009 12:28:34 PM , Rating: 5
For a good look at the competition (those that put Circuit City out of business), open up a program called FireFox ... It'll let you check out ALL of Circuit City and Best Buy's competition!!! Online stores will ALWAYS have the better prices, products and selections!!!




RE: The competition
By callmeroy on 1/16/2009 12:50:20 PM , Rating: 4
Prices and selection yes -- but the feeling I don't like about online purchases of large ticket items (to me anything $1000+ is "large ticket") are as follows:

a) A well known outfit like Best Buy has better odds of being around longer than "Chuck's Online Electronics World" does. Best Buy is a billion dollar corporation, chances are more than a little better they are fiscially more stable than some random online only operation.

b) How many hoops/how much of a pain is it to do exchanges of defective products or to get support? A brick and mortar location usually has some kind of service department that if they won't fix or replace the product for you you can at least go there and speak with someone to lodge your complaint/problem. Online who knows? Maybe that email address is over flowing or looked at once every month? Maybe the site doesn't even offer support or exchanges?

c) Now using my favorite online only operation New Egg as an example -- they've been around for a long time, have a proven track record of reliability and service for me....BUT I still would go to a "physical" business if everything else (price/product/policies) were the same because I don't have to wait to get what i want and I don't have to worry about the whole packaging and dropping my items off at ups/fed ex if I need to send them back. In short -- there's a "hassle factor" to online only.


RE: The competition
By rudy on 1/16/2009 1:38:59 PM , Rating: 4
All the things you say applied to Circuit City and CompUSA a couple years ago. Look at them now....

Shop at places that are reputable like newegg and its no where near as bad. I buy everything where ever they have the best price highest item however are reserved for my reputable companies like newegg or frozen CPU.


RE: The competition
By TomZ on 1/16/2009 2:41:49 PM , Rating: 2
quote:
I still would go to a "physical" business if everything else (price/product/policies) were the same
Not me. My average Newegg purchase takes approximately 1 minute to complete, if I am being slow. The item conveniently shows up at my door a couple days later.

Compared to the time spent and frustration involved dealing with retail stores...buying online is a no-brainer for me.

Even the small percentage of online returns I have to complete are not really a big hassle. Just today I had to RMA a couple of items back to Newegg. They paid for return shipping, and all I had to do was drop off the package at the local UPS store on my way to lunch. Quick and easy.


RE: The competition
By zinfamous on 1/16/2009 6:18:19 PM , Rating: 2
The other thing that will keep me coming back to B&M stores is people.

Whether they be worthwhile reps that can effectively answer my questions or pimply-faced semi-conscious teens, I prefer being around people most of the time. Call me weird, but the impersonality of the internet reaches critical load with me at certain times.

I feel like many of us, especially those born after the days of AOL and Netscape, are 50% of the way towards the digi-dependent slugs of Wall*E.


RE: The competition
By flydian on 1/16/2009 7:58:25 PM , Rating: 2
Newegg paid for shipping? I've never had them pay for shipping, which is one of the things that bothers me about them. The other would be the 2-3 week wait to get my replacement.

So I end up paying the purchase price, plus extra return shipping, plus 2-3 weeks of no product that is fully paid for, and in the end, I'm left with the distinct feeling that I PAID MONEY just for the honor of weeding out their defective inventory.

I still spend plenty of Geek$$ at Newegg, but am glad to have found some alternatives that are better suited to my needs.


RE: The competition
By tehbiz on 1/17/2009 1:38:09 PM , Rating: 2
yeah why would you want to look at a tv or monitor before you purchase them anyways? its not like you have to look at them when you use them or anything.


RE: The competition
By Nfarce on 1/16/2009 3:46:52 PM , Rating: 2
That is exactly why I purchased my only two big screens, a 42" plasma and a 46" LCD, at a big B&M (Fry's & CC). Both were on sale and within $100 after sales tax of the best price online at an E-tailer like Amazon. And I never had to worry about a return hassle and wait a week for a replacement like my neighbor did after his Sammy LN46A750 purchased through an Amazon supplier decided to fry itself.

Besides, like many others, I can spend countless hours reading reviews online, but they are always subjective. I'd rather see the product with my own eyes.


RE: The competition
By Ratinator on 1/16/2009 1:30:31 PM , Rating: 2
You are forgetting that at some places the price in the paper or online is higher than the price they will sell it to you and not to mention shipping something as big as a big screen tv won't be cheap. Go to the dealer and see what price they are willing to give it to you for.

When all is said and done there will be little difference in price and at least you have a local store you can take it back to for problems as opposed to having to ship at your own expense back to the dealer or manufacturer.

Now there are "some" cases where online is cheaper, but not "always" as you are indicating.


RE: The competition
By chick0n on 1/16/09, Rating: 0
RE: The competition
By FITCamaro on 1/16/2009 3:11:11 PM , Rating: 2
Yes lets just get rid of all brick and mortar stores and buy everything online, all the time, never leaving our homes.

Get a grip. The convenience of going to the store and having it (and being able to take it back immediately if there's a problem) is worth the few extra bucks on some items. Sure I buy computer components and such online. But for big ticket items, I want to get it somewhere local.


RE: The competition
By Netscorer on 1/16/2009 10:06:11 PM , Rating: 2
Oh yeah,

there's nothing like an instant gratification when buying a big ticket item. And silly me, I thought convenience is defined in Webster as sitting in your PJs in front of the warm glow of the monitor, not freezing your nuts in a cold car going over icy roads and beating the crowds where some store jerk wants nothing to do with you even if you practically beg him to allow you to run your test DVD to see if that latest Sony LCD TV is really up to it's reputation.


RE: The competition
By Reclaimer77 on 1/17/2009 7:43:29 AM , Rating: 1
I agree.

Plus the shipping fee's on big items almost always negate the online savings. You never see free shipping offered on a 150lb TV or kitchen appliance lol.


RE: The competition
By sticks435 on 1/18/2009 10:58:23 PM , Rating: 2
Actully, Newegg has free shipping on a bunch of Tv's in prep for the SuperBowl.


RE: The competition
By Denithor on 1/16/2009 3:48:17 PM , Rating: 2
The one advantage of B&M stores is being able to look at certain items, such as monitors & big-screen TVs. There's no replacement yet for being able to actually see how black the blacks are or how quickly the picture refreshes.

If for no other reason than this I certainly hope BB doesn't follow in the footsteps of CompUSA & CC anytime soon. But I do think, if they want to avoid that fate, they will need to wake up to the fact that online competition is here to stay and get used to lower margins.


RE: The competition
By phazers on 1/16/2009 4:46:02 PM , Rating: 3
I personally have run into the "Best Buy" pricing scam several times. The online price for my Sony TV was about $300 lower than the store price. When I mentioned this to the salesclerk, he went "online" to check and lo and behold, the "online" price was the same as the store price. When I told him to actually go to the Internet and not just the store server which is designed to mimic www.bestbuy.com, then he found the real price and of course matched it. I believe several state attorney generals have filed suits against Best Buy for this shoddy scam.

Now I always take a printout of the actual online price with me, but generally I avoid Best Buy as much as possible.


RE: The competition
By exanimas on 1/16/2009 9:36:50 PM , Rating: 2
Some people are just idiots/scumbags. If I were you I would've told a manager about it (hopefully they aren't the ones telling people to do this) and reported it to their corporate office.

On topic: I've heard from a few people that the people who are handling CC's liquidation are notorious for pricing things way the hell up. So be cautious if you're planning on taking advantage of them going out of business.


RE: The competition
By Nfarce on 1/17/2009 10:41:25 AM , Rating: 2
FYI, there is nothing illegal about posting a higher price in the store than online. Try shopping Fry's online (via Outpost.com) and getting one of those stores to match the online price. You will fail.

For the record, I found a great online price at CC for a Samsung upscaling DVD player/recorder. I went to the store to pick it up, and guess what? It was priced $20 more. I had to get a rep at the counter to adjust the price.

This is nothing new. An informed shopper - an aggressive shopper - wins every time. How many out there know that you can actually bargain a price on furniture, large appliances, cars, homes, .......


RE: The competition
By Nfarce on 1/17/2009 10:30:27 AM , Rating: 1
And I'll bet you are probably one of those aholes who whines about US unemployment numbers from your mother's basement and blames Bush for store closings.


RE: The competition
By TomZ on 1/16/2009 2:46:32 PM , Rating: 4
quote:
Now there are "some" cases where online is cheaper, but not "always" as you are indicating.
I'm an avid comparison shopper - especially on price - and I'd say that 99% of the time I can find a better deal online. Very, very rarely do I come across a lower price at retail.


RE: The competition
By g35fan on 1/16/2009 7:50:11 PM , Rating: 2
The only thing BB is good for is going to physically look at items that you want to purchase online. I too am a savy shopper - and not because I'm cheap but because I refuse to pad BB's pockets with an extra $10 here and an extra $200 there.

95% of the products they sell are rip off prices. They have "some" decent clearance items from time to time - like the 10" netbook for $199 recently...but besides that anyone who shops there thinking they are getting good deals is an idiot/sucker.

The funniest thing to me is that BB doesn't even want people like me (savvy electronics shoppers) in the store. They KNOW Americans as a whole are stupid and brainwashed by advertising and will come rush into BB to buy the newest tech fads from 17yr old female CSRs who don't know anything - about anything.


RE: The competition
By Googer on 1/18/2009 4:50:38 AM , Rating: 2
Don't forget, theres always Sears and the other stores we used before Best Buy came along.


What a sad store
By Majes on 1/16/2009 12:19:33 PM , Rating: 3
I live in an area that affords me the chance to choose between frequenting 2 Best Buys and 2 Circuit Citys. The Best Buys are both clean, well stocked, and fairly roomy. Both Circuit Citys are dirty, poorly stocked and one is in an out of the way location.

That and I just like a blue theme better than a red. I always cringe when I get handed the Circuit City add.

Seems to me like they just weren't good enough and lost. I wouldn't blame the economy at all.




RE: What a sad store
By Brandon Hill (blog) on 1/16/2009 12:22:59 PM , Rating: 3
Circuit City stores/layouts are just horrible and they never have anyone manning the registers. Stepping into most Circuit City stores is like stepping back into the early 90s in feel. Best Buy stores always look/feel high tech IMHO and have much better layouts.

I also enjoy the Best Buy Reward Zone/Gamers Club programs. I use those points all the time. And they always send out 10%/12% off coupons -- at least once a month for me.

I'm surprised it took this long for CC to finally throw in the towel.


RE: What a sad store
By MozeeToby on 1/16/2009 12:41:18 PM , Rating: 5
I also have the choice of a Best Buy or one of two Circuit Cities. Therefore, I always choose Sam's Club or the web. Circuit City is disorganized and the service is poor, Best Buy's employees are pushy and often uninformed. Both are overpriced compared to what's available online or in discount stores.


RE: What a sad store
By kellehair on 1/16/2009 12:46:45 PM , Rating: 1
This couldn't have happened to a more deserving chain. I don't even feel bad for the (majority of) store employees. They are just as responsible as anyone in management.


RE: What a sad store
By Hakuryu on 1/16/2009 12:58:09 PM , Rating: 3
I agree with the comments above, and would like to add one simple thing I always thought was the worst move Circuit City made.

When you enter a Circuit City, the first thing you see is $1000+ TV's and a literal forest of cell phones, followed by DVD players/etc. They made you walk through all this to get to entertainment items like DVD's or software/video games which were hidden in the back. When you enter a Best Buy you first see CD's/DVD's and software/games.

I always thought the CC setup was a terrible choice compared to Best Buy. A blatant positioning of high cost items with the biggest sellers like entertainment hidden.


RE: What a sad store
By Oregonian2 on 1/16/2009 2:09:12 PM , Rating: 2
One of the articles I read in the last year said that CC had back in the big growth years gone wild buying econo-properties, meaning not in great locations and that this was one of their major downfalls.

I suspect the dirtyness/etc of some stores now is more likely an aftereffect of the decline rather than the cause.

I'm still bummed becuase I used to like CC better than BB (and others) prior to the experienced-folk firings (and one here happened to have a better location that BB's).


RE: What a sad store
By masher2 (blog) on 1/16/2009 4:08:00 PM , Rating: 5
In my location, the Best Buy is right off the interstate, next to the largest mall in the area, with the store itself visible directly to the interstate and two other major roads.

The Circuit City is in the back of a strip mall, visible nowhere except on an access road.

Circuit City puts the high ticket items up front, on the hopes that people coming in for a DVD will decide to impulse purchase a big-screen TV.

Best Buy puts the small stuff up front, on the hopes that someone snagging a big-screen TV might buy a few DVDs as well.

Is it any wonder one of these is beating the other to death?


RE: What a sad store
By Omega215D on 1/16/2009 9:29:29 PM , Rating: 2
Being that I live in NYC I have my choice of J&R, B&H Photo, several Best Buy and Circuit City stores.

The great thing is that the first three are pricematchers while Circuit City does not and usually can't find anything in their store when their systems say that item is in stock.

As for Newegg being lower in price, when it comes to digital cameras B&H and J&R are quite lower, even after taxes.


liquidation
By tastyratz on 1/16/2009 12:23:19 PM , Rating: 2
as in fire sale to consumers I take it, or is any of the stock going to be taken by a liquidator for competition?

Any idea when the liquidation is to start?




RE: liquidation
By Brandon Hill (blog) on 1/16/2009 12:25:09 PM , Rating: 2
"Fire sale to consumers" which means they jack the prices up to MSRP, then slowly bring out the 30%, 40%, 50%, etc. discounts.


RE: liquidation
By 67STANG on 1/16/2009 1:01:15 PM , Rating: 2
Wait for 70%, then snatch up the Blue Ray players and PS3's...


RE: liquidation
By rudy on 1/16/2009 1:36:19 PM , Rating: 3
They will be long gone by then. I have found all the liquidations in my area to be completely useless. Remember the people shopping these places are less informed and used to paying high prices so the wimpy 20% that cant even beat newegg looks good to these people. On top of that when compusa went under the liquidators and signs all over saying sold on the best items so you could not get them and then they bought them at 90% off the last day.


RE: liquidation
By Oregonian2 on 1/16/2009 2:11:30 PM , Rating: 2
Yes, if they've got the same guys who did CompUSA, it'll be a joke. Prices will be raised from their normal discounts and start at 5~10% off!!!! (list). Whats more many people will think it a great deal and buy (afterall, it's a store closeout, it MUST be a good deal, eh?).


RE: liquidation
By sticks435 on 1/16/2009 8:37:38 PM , Rating: 2
When the CC stores went under here in KC couple of months back, I picked up some PC and 360 games for pretty cheap. Small stuff like that they usually have ton's of. It's the bigger price items (and even things like computer parts, etc) that are a scam.


RE: liquidation
By joemoedee on 1/16/2009 3:49:59 PM , Rating: 2
In Georgia, they already closed most of the CCs. The sale ran for a few weeks, with the discounts starting low (Say, 10%-20%) all the way to 60%-70% on some items.

The first to get massive markdowns were CDs and DVDs.

The prices themselves did not change, and there were a few decent deals to be had, especially towards the end.


RE: liquidation
By anotherdude on 1/16/2009 1:37:51 PM , Rating: 3
If it's anything like the Comp USA liquidation it will suck big time. There were no real bargains at all at first, the stuff was still way higher than Newegg for weeks, and then slowly the prices came down but by the time they did the good stuff was gone. On the last day I bought a laptop bag for an OK deal. They had motherboards that had been sitting out in the open on display with ruined CPU slots and the like for 20% of retail - what a crock - still hiher than newegg. And no returns either.


RE: liquidation
By strikeback03 on 1/16/2009 2:19:41 PM , Rating: 2
I got a good deal on a Corsair PSU, $30 cheaper than it was available online at the time. That was the only item I found cheaper than NewEgg though.

From reports out of the already-closed CC stores, there were some good deals to be had so long as you didn't mind the no-returns.


RE: liquidation
By Bender 123 on 1/16/2009 2:37:44 PM , Rating: 2
Think of all the DIVX movies you can pick out of the bargain bin!

I bet there are some stores that still have a few laying in the back room, for laughs.


RE: liquidation
By jtdwab on 1/22/2009 3:50:46 PM , Rating: 2
I hit a CC today just because I was going near by. They had a glanced at the price on the current 720P Panasonic 42" plasma then headed accross the street to the BB. The TV was 50 more at CC with the liquidation 10% discount. Online the TV was another 150 below BB with shipping.

Its one thing to not match online but to not even beat the store next door is pretty shameful. Although I guess the shame is on the guy that falls for the 10% scam. I also saw a WD 1 TB harddrive for 265 which I am pretty sure was the same one at newegg for 104 for OEM. I didn't check models on that one though.


Best Buy = B.S.
By DatabaseMX on 1/16/2009 3:11:09 PM , Rating: 2
There is no way I am going to buy a Flat Screen at a store that sells refrigerators and toasters. Pretty soon, BB will also include Bed and Breakfast!

Dude ... can I get some toast with that Flat Screen?




RE: Best Buy = B.S.
By Brandon Hill (blog) on 1/16/2009 3:13:46 PM , Rating: 2
Sorry for asking, but why? Do you not like hgregg either? I believe that they sell a large assortment of appliances/electronics as well.

What does one have to do with the other (selling appliances vs not selling appliances)? As long as the price is right, it shouldn't matter where you get it from.


RE: Best Buy = B.S.
By DatabaseMX on 1/16/2009 7:11:18 PM , Rating: 2
I have never found a 'sales person' at Best (not) Buy that had a clue about anything. So, you're looking at flat screens; all flat screen sales people are busy; a guy from the toaster dept comes over and asks" Can I help you?" Right!

Personally, I've been lucky to find some VERY knowledgable sales people at Circuit City. And when I come back a year later ... AND ... the same guy is there ... AND ... he remembers my first AND last name ... that's cool.

Of course, if you have done ALL your research online - which you should - and you know *exactly* what you want - the I guess it really doesn't matter.


RE: Best Buy = B.S.
By Dulanic on 1/17/2009 7:39:39 AM , Rating: 1
I agree. I used to work to CC, and there were some very knowledgable. Not tooting my own horn, but I was one of those people and I rememeber names years later sometimes. It was great when we were on commision and that was CC's good years. If you didn't know your shit you failed.

Once they went hourly and later fired all their top people..... epic fail.


RE: Best Buy = B.S.
By tehbiz on 1/17/2009 1:43:36 PM , Rating: 2
I have never found a 'sales person' at Best (not) Buy that had a clue about anything because I didnt try to talk to anyone . So, you're looking at flat screens; all flat screen sales people are busy and I am too impatient/important to wait my turn ; a guy from the toaster dept comes over and asks" Can I help you?" Right! because even though he might know what hes talking about I deserve to talk to someone in a blue shirt thats standing in the television area!

And when I come back a year later ... AND ... the same guy is there ... AND ... he remembers my first AND last name ... that's creepy

there, edited for accuracy.


RE: Best Buy = B.S.
By Reclaimer77 on 1/17/2009 7:55:02 AM , Rating: 2
Hhgregg sucks. Prices jacked to the roof and the worst sales staff ever.

I went in one day to price match some recievers when I noticed they didn't even carry Yamaha ! I asked the sales guy to show me where they were and he basically laughed in my face and said " If you want a motorbike, buy Yamaha. If you want good audio, buy Sony "

Nuff said. I walked out to never return again.


RE: Best Buy = B.S.
By theslug on 1/16/2009 4:22:52 PM , Rating: 2
So by that reasoning I shouldn't buy a screen from Newegg either because they also sell those things?


RE: Best Buy = B.S.
By Penti on 1/19/2009 8:46:56 AM , Rating: 2
In Sweden the brick and mortars stores have always had home appliances and the e-tailers where starting to sell those too just a few years ago. We have no electronics stores here pretty much. I guess it's pretty much the same in USA as newegg etc has home appliances too.


The Economy?
By Suntan on 1/16/2009 12:40:55 PM , Rating: 3
quote:
has been unable to turn its operations around due to the current state of the economy.


I think it had a least a little bit to do with the current state of all their 17 year old employees standing around in a group talking to each other instead of helping customers.

Or possibly the stupid tactics like putting the raving mad, horribly pushy, verizon telephone guys right at the entrance where they can accost every customer coming in... ...because everyone that comes to an electronics store is looking to sign up for a new phone plan.

Lastly, the dumb customer hassles like telling them they need to go back home and buy it online, then come back to the store and pick it up to get it at the advertised price.

CC, I don't weep your loss one bit.

-Suntan




RE: The Economy?
By SlipDizzy on 1/16/2009 1:31:54 PM , Rating: 3
I think it has more to do with their overpriced M-M-M-MONSTER CABLES !


RE: The Economy?
By FITCamaro on 1/16/2009 2:18:05 PM , Rating: 2
I agree with you on some of their business decisions. But 30,000 people losing their jobs is hardly something to be glad about, especially when it wasn't their decisions that caused the problems.

I recently was looking to buy a sound card. Despite being pissed at Creative for not allowing Audigy cards to fully use EAX in Vista, I got tired of my games not sounding as they should. Found that Best Buy had an X-Fi ExtremeGamer on sale but none showed in stock. Circuit City showed as in stock though. So I went over there to price match.

Now I know that the typical policy is they don't price match unless the other store has it in stock. But given that I could just buy it online, I figured they'd do it to get the sale. Well they chose not to. So I went over to Best Buy to double check if they had any in stock since their inventory system isn't real time. Ended up that the other store in town (that was actually closer to where I live but not near the CC) had an open box one that I ended up getting even cheaper than the sale price. The guy at Best Buy even told me if it was them, he would have price matched as long as the price was valid because Best Buy views it as to much of a hassle to call over to other stores to double check that they have it in stock. Especially since people can just buy online.


RE: The Economy?
By arazok on 1/16/2009 3:31:37 PM , Rating: 2
quote:
Despite being pissed at Creative for not allowing Audigy cards to fully use EAX in Vista, I got tired of my games not sounding as they should.


Thanks for making my blood boil again. I forgot about how pi**ed I was with Creative and their whole Vista fiasco. My Audigy still bugs out sometimes. Shame on you for caving to the monopoly. I’m still holding out – I fully intend to buy a non creative card in my next PC.


RE: The Economy?
By Reclaimer77 on 1/17/2009 7:51:04 AM , Rating: 2
All non Creative cards suck though :(


Inevitable for many companies
By Leomania on 1/16/2009 12:51:15 PM , Rating: 3
I heard recently that the ratio of retail stores per capita in the U.S. is far, far higher than in Europe; the upshot being that there's going to be a LOT of vacant retail buildings in the years to come. So losing a retailer, even one of this size, isn't too surprising given the state of the economy.

But what is it about some stores that prevents them from maintaining critical mass? I know that I have purchased something from Circuit City perhaps two or three times since they opened. Something about them never quite drew me in. When I was in a store, I remember thinking they had a lot of breadth in their product offerings, but didn't have as many choices as other stores. I also felt the prices were a bit too high for what they had. Flipping through the weekend sale paper, my interest was seldom piqued, and obviously not enough to entice me to travel to the nearby local store.

I'm no big fan of Best Buy, but I did buy more from them over a shorter number of years than from Circuit City.

Anyone else get this sense from their experiences in Circuit City?




RE: Inevitable for many companies
By Suntan on 1/16/2009 1:31:10 PM , Rating: 2
quote:
I heard recently that the ratio of retail stores per capita in the U.S. is far, far higher than in Europe


Yeah, but have you ever tried to buy electronics in some of the small/medium sized towns in Europe? Good luck finding squat for selection.

-Suntan


RE: Inevitable for many companies
By Penti on 1/19/2009 9:11:38 AM , Rating: 2
Shopping in medium sized towns is fine, you have your Samsungs, Panasonics, Philips, Thosibas, Pioneers, Sonys, Sharps and LGs. And a medium sized city? That's 100 000 people in the whole municipality in Sweden.

Not that they have a great selection, but it's not like you can buy any other models online, the TVs are made for one market and imported by the manufacturers in country specific models. Computer stores practically doesn't exist here though, the B&M stores has computers of course and I guess most people are happy about that.


RE: Inevitable for many companies
By TomZ on 1/16/2009 3:02:46 PM , Rating: 2
quote:
I heard recently that the ratio of retail stores per capita in the U.S. is far, far higher than in Europe; the upshot being that there's going to be a LOT of vacant retail buildings in the years to come.
What gives you the idea that US retail will converge upon what exists in Europe? If anything, I would guess the opposite is true, that European retail will continue to follow trends you see in the US (and elsewhere). For example, more large chains, more competition/overlap, etc.


Look at the silver lining...
By paperfist on 1/16/2009 12:42:00 PM , Rating: 2
At least they went quietly and didn't ask the American people err congress for a bailout. :)

Now we'll simply see how things are suppose to work in the real world. One company closes and another rises up to take its place. Hello, Fry's?!?




RE: Look at the silver lining...
By kellehair on 1/16/2009 12:48:20 PM , Rating: 2
Fry's in NJ? Yes, please!


RE: Look at the silver lining...
By PAPutzback on 1/16/2009 2:29:36 PM , Rating: 1
Fry's is nice for window shopping or picking up something in emergency but 90 percent of the time I order from newegg.


RE: Look at the silver lining...
By Takemaru on 1/18/2009 1:30:09 PM , Rating: 1
I hope Fry's never comes to the tristate area, i like not having to pay taxes on my shopping, theres less and less places letting NY not pay taxes thanx to an asshole in our state gov.. Newegg and Fry's are a couple of the last tax free online shopping places NY'ers have.


RE: Look at the silver lining...
By rudolphna on 1/16/2009 3:26:33 PM , Rating: 2
They arent nearly as vital to the economy as the Big three, nor do they employ remotely the same number of jobs.


Best Buy is already full retail
By johnnyMon on 1/16/2009 1:54:58 PM , Rating: 2
NOW what's it going to be? Retail + 20%? This loss of competition is not good for the consumer. :(




RE: Best Buy is already full retail
By StraightPipe on 1/16/2009 7:35:48 PM , Rating: 1
I really hope they do raise prices.

Anyone who's stupid enough to still be shopping these places will have the right to take part in a class action-punish fvck; suing WorstBuy out of existence. Then everyone will shop online. Mom + Pop shops will spring up again with new blood, better pricing, and a sales force who loves technology instead of burgerking retards.

At least if you are getting experienced advice from a small shop you'll have a reason to pay a premium over the typical website-warehouse-wholesaler business. Paying more for the service at B+M dont make no sense.


RE: Best Buy is already full retail
By FITCamaro on 1/17/2009 12:39:39 AM , Rating: 2
What and then you'll complain about the mom and pop stores being higher priced than online too? Any store that has to pay overhead costs and that can't buy in bulk is going to charge more. Best Buy or an independent mom and pop business. Best Buy though can at least buy in bulk. A small store cannot.

And just because its a small store, doesn't mean they'll know anything. And also, the most knowledgeable are not always the best salesmen.


RE: Best Buy is already full retail
By Nfarce on 1/17/2009 10:47:57 AM , Rating: 2
So true. I would just love to see one of these know-it-alls run a business...just for one SUMMER.

You probably lost him at the bulk price buy. I won't confuse him more with inventory costs and the accounting books at the end of the month for the creditors.


RE: Best Buy is already full retail
By Penti on 1/19/2009 8:57:19 AM , Rating: 1
Most small stores will just run as a franchise though. Retail is pretty much dead for every type of goods when it comes to me, just let me fucking order from the manufacturer.


O Rly??
By aj28 on 1/16/09, Rating: 0
RE: O Rly??
By johnbuk on 1/16/2009 2:26:56 PM , Rating: 2
The media killed the company? Perhaps they contributed slightly to the downfall, but lazy employees who would rather stand around and talk to one another than actual work, running commercials that stated they would honor their own website pricing and then continuing to refuse to honor that pricing, poor selection compared to the competition, employees who didn't know the first thing about what they were selling- including a large percentage of employees who would flat out make up lies when they didn't know the answers to questions about items, and competition from internet companies all were far bigger contributors to the downfall then the media. Sure it sucks for the 30,000 employees who are losing their jobs, but IMO the 30 or so employees that I dealt with from CC over the years deserve to be unemployed.


RE: O Rly??
By TomZ on 1/16/2009 3:09:57 PM , Rating: 2
quote:
Since when did that have anything to do with the quality and work ethic of Circuit City's employees?
Sorry, you'll get no sympathy from me. I've been in the local CC store a few times over the past few years, and it has never been a positive experience, mainly because of the staff which are mostly idiots.

Management seemed clueless about things like "product knowledge" and "training" when it came to their staff. You can't effectively sell what you don't know.


RE: O Rly??
By Suntan on 1/16/2009 3:41:54 PM , Rating: 2
quote:
For the past year at least, it was management and media that killed the company -


Sorry buddy. Maybe I’d be inclined to believe that if I hadn’t actually been in one of their stores in the last 5 years. But I have. I’ve seen the work ethic of the low level rank and file.

Customers don’t like to have to say “excuse me” to get the attention of one of the salesmen that is huddled around the rest of the employees while they all talk about the great kegger they went to the night before.

I am sure there were some good, honest workers that worked for CC, but I bet I could count the number on one hand.

-Suntan


deal
By Alphafox78 on 1/16/2009 12:18:20 PM , Rating: 5
I would gladly give them $1000 to help with their debt.. in exchange for a 52" 120hz LG LCD!!!




......
By das mod on 1/16/2009 12:36:18 PM , Rating: 2
I'm sorry, but what exactly is this article about ?

Can't read .... Too busy looking at that 2nd picture....




RE: ......
By Smartless on 1/16/2009 1:27:32 PM , Rating: 2
It's obviously about what Breastbuy had to offer.


I support this course of action
By Quiksel on 1/16/2009 12:19:55 PM , Rating: 2
Great shot of the... uh, competition?




By dj LiTh on 1/16/2009 1:10:25 PM , Rating: 2
Ya, so i can definitely see why bustbuy...best buy is putting circuit city out of the compeTITion. With their large supple stores, and tight fitting uniforms, its no wonder that flat city....circuit city is going out of bustness. I mean just look at those 2 for one deals that they got going on? Can anyone seriously beat those large blonde...i mean blue stores jammed packed with silicon...i mean electronics?




Apparently ...
By DatabaseMX on 1/16/2009 3:03:31 PM , Rating: 2
SIZE does Matter !!!




By bravacentauri83 on 1/16/2009 4:15:26 PM , Rating: 2
Close all the stores. Consolidate to a couple of warehouses. The name still has a reputation. Advertise cheaper prices than Best Buy. (Note: While companies like newegg are most likely cheaper, the average consumer wouldn't be familiar with that company.) Fewer expenses; larger margin.

CC BoD fails to recognize this opportunity.




By g35fan on 1/16/2009 7:57:53 PM , Rating: 2
"Great American Group, Hudson Capital, SB Capital Group and Tiger Capital"

Can someone please tell me how these companies submit bids or get in touch with CC in regards to these types of retail liquidations? I run a regional auction website and while I wouldn't expect to land a job like this, I would really like to know how they go about it.




Does this finally mean...
By bkslopper on 1/16/2009 11:10:46 PM , Rating: 2
...that they'll quit sending me extended warranty renewal forms for a TV I no longer even own? I can only hope.




Circuit City closing
By frozentundra123456 on 1/17/2009 12:49:08 AM , Rating: 2
Circuit City definitely lacks the polish and high-tech feel of BB. Just look at their weekly ad vs that of BB. However, it us unfortuante that they are going out of business. Here in Minneapolis, we have already lost Comp USA, so now Best Buy will be the only game in town except for discount stores like Costo, and Walmart, and they don't really carry the same selection of items as a dedicated electronics store. Lack of competition is usually a bad thing.
I agree that online retailers are usually cheaper than brick and mortar stores, but to me the extra cost is overcome by the ability to return a defective item directly to a brick and mortar store. If you wait for a sale and shop carefully Best Buy can be acceptable for big ticket items. For smaller, easily shipped items, buying online is probably preferable. Just compare the prices for graphics cards at best buy vs new egg for an example. Something like this that is easily shipped and not that easily damaged is definitely better purchased online.




More proof the Bailout is bullshi**
By Maiyr on 1/17/2009 10:27:22 AM , Rating: 2
So lets see. The bailout of billions is so that banks can free up money to lend. Perfect example of the BS line we are being fed by the govt. If the bailout was working as intended then Circuit City should have been able to find a lender to help them along thereby saving these 30,000 people from losing their job. It is a sad day for these people and the many others who are getting laid off in these times.

Nice pic although she should be wearing less. :)




By ketchup79 on 1/17/2009 10:09:40 PM , Rating: 2
I know a lot of you think Best Buy stores are way better than Circuit City stores, but a lot of people probably think the other way and I personally feel there is more to this than just store layout. I personally think that higher ups at Circuit City got greedy and killed their organization. To walk into a store and have commissioned sales people tell you everything you need to know to make an informed purchase and then to go back only to find that those people are gone, replaced by folks that don't do more than read a fact tag has to be disconcerting. It's saying "Wow, there must be something wrong with this company if they can't keep those good people they had." Best Buy never had that, but nobody was expecting it either.

I feel for all of those losing their jobs, and I wish them all the best of luck finding new employment. However, I do not feel Circuit City was simply a victim of a poor economy. The greediness of the executives was their downfall.




The future of retail
By WileCoyote on 1/18/2009 9:46:12 AM , Rating: 2
I envision more retail stores owned and operated by the manufacturers, like Sony, Bose, and Apple stores, that market and sell only their products (and third party accessories). This way you can demo the item and the manufacturer sells directly to the customer without the middle-man taking a cut.




By TheRagnarok on 1/16/2009 2:50:57 PM , Rating: 1
It's times like these when I'm glad I know how to survive without going to the grocery store. Also, my Dad was right about his AR-15 being a good investment ".223 rounds are cheap"


By teckytech9 on 1/16/2009 5:45:16 PM , Rating: 2
Also needed are gold and silver coins. I'd prefer the British Sovereign ones. American Eagles will do too.


HMMMMM
By Bonesdad on 1/16/09, Rating: -1
RE: HMMMMM
By PitViper007 on 1/16/09, Rating: 0
RE: HMMMMM
By werepossum on 1/16/09, Rating: 0
"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation

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