backtop


Print 18 comment(s) - last by feba.. on Mar 16 at 3:44 PM

Many locations are reportedly closed already after running out of inventory

The saga of Circuit City trying to save itself from extinction has been rather long and drawn out. The company first tried to sell to Blockbuster, which didn’t work out. The company then said it would close select stores around the country and proceeded to do so.

However, it took little time for the electronics retailer to come back and announce that it was in fact going to be closing all of its locations around the country. The employees were let go and liquidation firms came in to attempt to move the massive inventory left over by the defunct retailer prior to finally closing the doors of all locations.

According to the liquidation firms, the final day for operation of any Circuit City location will be Sunday March 8. Some locations are already shuttered up after running out of inventory to sell. So far, the massive liquidation sale that began in mid-January 2008 has moved $1.7 billion in inventory.

Scott Carpenter from Great American Group said in a statement, "Thanks to record shopper turnout at many of the store locations and the attractive discounts offered on all merchandise, the sales actually went quicker than we expected."

Some locations may be operating throughout the weekend making for the best deals you will find before Circuit City is nothing but a memory.



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: Good Riddance
By gmyx on 3/9/2009 11:07:10 AM , Rating: 2
Many. I remember a few years ago when Eaton's announce they were closing shop. The next morning, people were lining up before opening to get stuff - they had not even started their sale yet! They made a record day of sales that day.

By the time the sales did come by they only had lesser quality stuff left.


RE: Good Riddance
By strikeback03 on 3/9/2009 11:29:25 AM , Rating: 2
A local guy who worked there said the first day of the "liquidation" was like Black Friday, except that they opened at a more sane time. And that was at MSRP-10%.

If I had read this yesterday I might have checked the local one one more time to see if there were actually any good deals.


RE: Good Riddance
By tastyratz on 3/9/2009 11:55:31 AM , Rating: 2
I was actually pretty pissed. I went in yesterday looking for the best deals on the pickins - I was eyeing a 58in plasma that didn't sell as of Friday. I wish I went sat because Sunday sales were fixtures only no product :-( I wish they let people know that beforehand.


"Intel is investing heavily (think gazillions of dollars and bazillions of engineering man hours) in resources to create an Intel host controllers spec in order to speed time to market of the USB 3.0 technology." -- Intel blogger Nick Knupffer

















botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki