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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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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.


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