DumbPoet Posted October 20, 2008 Share Posted October 20, 2008 http://online.wsj.com/article/SB122445974629148617.html?mod=googlenews_wsj Circuit City may cut 150 locations and liquidate stock. How do we take advantage of this?Is this going to be Black Friday related or something we need to watch for before then? Link to comment Share on other sites More sharing options...
arci122 Posted October 20, 2008 Share Posted October 20, 2008 Our local circuit city closed last spring. They didn't have too good of sales when they were closing, I buy on line now and get free shipping. Link to comment Share on other sites More sharing options...
bigjimslade Posted October 20, 2008 Share Posted October 20, 2008 It is something that everyone needs to watch. If they are going to file for chapter 11 protection then they could have less credit to buy stock and that could mean that CC will have less stock to sell. There are already reports that mos stores will have less stock this year to cut down on loss. Below is a bigger article on the CC situation. http://www.wfaa.com/sharedcontent/dws/wfaa/latestnews/stories/wfaa081020_lj_circuitcity.12f5ab9df.html Link to comment Share on other sites More sharing options...
jamieva Posted October 21, 2008 Share Posted October 21, 2008 CC is a Richmond based chain, which is where I live. They're in terrible shape financially, and their bankruptcy filing is inevitable. Best Buy has cleaned their clock competitively. Link to comment Share on other sites More sharing options...
jamieva Posted October 21, 2008 Share Posted October 21, 2008 http://www.inrich.com/cva/ric/news.apx.-content-articles-RTD-2008-10-21-0103.html Link to comment Share on other sites More sharing options...
mysticmage Posted October 21, 2008 Share Posted October 21, 2008 On terms of sales, customer support, and even advertising, Best Buy has been killing CC. Link to comment Share on other sites More sharing options...
JeffPerk Posted October 22, 2008 Share Posted October 22, 2008 With the current economic environment, & their terrible financial condition, I think CC may be 1 of many big retailers that all but disappear after this Christmas season. Link to comment Share on other sites More sharing options...
Scanner420 Posted October 22, 2008 Share Posted October 22, 2008 I can see them eeeeekkking out this Christmas, but they won't last past President's Day next year the way they're headed now. Link to comment Share on other sites More sharing options...
Brad Posted October 22, 2008 Share Posted October 22, 2008 It's going to hurt future BFs if CC is gone. Just last year we lost CompUSA and now CC. For tech deals, we'll be left with BB and the office stores (and other than Staples, those haven't been great lately either as far as BF ads) Link to comment Share on other sites More sharing options...
Russell Burrows Posted October 22, 2008 Share Posted October 22, 2008 It means more folks thinking about Target and Kmart like todays brand new 32 inch Olevia HDTV for 419 at Kmart. And it means places like Radio Shack also stepping up the products being offered as less stores left means more customers per store. Any who I hope CC avoids bankruptcy. Link to comment Share on other sites More sharing options...
rachealb Posted October 22, 2008 Share Posted October 22, 2008 I would sure be sad to see CC go- they are much more willing to bargain than BB, at least in my experience. I did request our rewards certificate for CC this week though to try and get it in time to spend before they freeze stuff like that =( Link to comment Share on other sites More sharing options...
Guest CS.Dean Posted October 24, 2008 Share Posted October 24, 2008 I thought I read somewhere a few months ago that CC was on the market and they were entertaining offers for the company. Then somewhere else I remember that BlockBuster was a possible buyer. That would be an interesting idea if they bought in. From what I see CC has horrible upper management. We have a small store here and they struggle against Best Buy which is like 1/2 mile down the road. BF is a joke at our CC. No organization at all. Just to much hassle to go near them Link to comment Share on other sites More sharing options...
kubla77 Posted October 31, 2008 Share Posted October 31, 2008 I agree with everyone that it would be extremely sad to see CC go, just because less competition is bad for the consumer. I do think they have a lot to learn about how to run a BF tho. I have hated Best Buy for the longest time because of their immature customer service and their ungodly lines, but lately, they've really shaped up and they REALLY know what they're doing on BF. The whole Reward Zone thing is a huge plus too for BB. Black Friday at CC was the most painful experience I've ever had in shopping (No organization/direction, waiting in understaffed lines that didn't move, only to find that you're not REALLY in the right line.). Link to comment Share on other sites More sharing options...
BrotherFlounder Posted October 31, 2008 Share Posted October 31, 2008 It's going to hurt future BFs if CC is gone. Just last year we lost CompUSA and now CC. For tech deals, we'll be left with BB and the office stores (and other than Staples, those haven't been great lately either as far as BF ads)At least CompUSA was saved at the 11th hour, and is slowly coming back. TigerDirect had BF sales last year, so CompUSA will probably have similar deals in-store. But it's still not the same as having CC around. Best Buy will pretty much own the market if CC fails. Link to comment Share on other sites More sharing options...
BrotherFlounder Posted November 2, 2008 Share Posted November 2, 2008 (Sorry in advance about the double post.) One of my friends in California just got told that his store is being closed, along with two others in his area, and a total of 155 nationally. They will be closing as soon as their merchandise is liquidated or by December 31st (whichever is sooner), and they will not be honoring Black Friday deals. Link to comment Share on other sites More sharing options...
TazErase Posted November 2, 2008 Share Posted November 2, 2008 I know CC is having troubles but I hope they can stick around. Fact is the less competition BB has the less the deals they have to put to get people in. Luckily I have Best Buy, Circuit City, Target, Sears, KMart, Staples, KB, JC P, and others all in under 1/4 mile. Link to comment Share on other sites More sharing options...
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