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Bittersweet...
Bittersweet...
From the linked article...
\"Telecommunications company Bell Canada is buying a chain of 750 The Source by Circuit City electronics stores across Canada operated by the company's InterTAN subsidiary. And Hilco Merchant Resources LLC, a Northbrook, Ill.-based retail consulting and liquidation firm, said it hopes to buy the brand name and Web site.\"
The dead will walk soon enough...
@twinturbo2: I wonder if Hilco plans on using the name/website for unloading manufacturer surplus/leftovers/whatever?
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I wish I could say I feel sorry, but even up till their very last day they were a bunch of lying scamming crooks.
Like at my local store, trying to sell a $70 product for \"$349 with 80% off\" is just their final way of sticking their middle finger up to the consumers.
As the article said; every single major decision in their recent history was screwed up by someone in CC management.
Of course, those same managers probably left with millions, while 35,000 retail workers will be out on the street.
Sad.
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I think this calls for a celebratory beer.
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@Danj3ris: It's a good thing I have some in the fridge already. I live in Kansas, and can't buy beer on Sunday.
Get me out of here!!!
No love lost here. It isn't it was someplace like Tower Records.
The only thing it means to me is more parking up close to Toys R Us.
OK folks don't hold back, tell us what you REALLY feel about Circuit Cities demise.
I was able to visit today, my store didn't even have everything at 90% off, only a few things such as ink cartridges (probably dry and expired) were 90% off. Everything else was still 70% off. There were no special deals, but people were rummaging through buckets of cables. Of course there was hardly anything left. I didn't buy anything.
@Outrun1986: I got a powered HDMI repeater for $6, which is way less than Monoprice charges. That was my best find. I've been thinking of running HDMI from my PC to the HDTV, and I'd definitely need one of those to do it.
I also got a Logitech G15 keyboard for $50. While I don't think that was an _amazing_ deal, just very good, it was the first version of the G15, which is the one I had been looking for.
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Holy shit, $1 for Team Fortress? I'm assuming that's TF2.
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RIP Circuit City. We had good times, and we had bad times.
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Bye, CC. Thanks for the good stuff.
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YAY!!!!
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Now my kid doesn't have a job.
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It is really terrible for the people who worked there, like @ShirtMac and @tinky XIII but the store was terrible, their sales were flat, the merchandise was overpriced and never in stock...your talents are better served elsewhere, preferably at a place where you may be better respected.
So I'm thinking my old high school has a new off-grounds gymnasium now?
I hope the last employees' checks don't bounce!
Bastards still owe me a $50 rebate check. I think I'm going to try to get it out of the company that handles their rebate. According to them, they cut the check and mailed it, but I never received it. If it was cashed, I think I might file a police report or something with the post office.
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@BPA-Free_GitEmSteveDave: A co-worker was telling me a similar story. But the company that was saying \"The check is in the mail.\" is now saying \"We're out of business, we can't help you.\"
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Good riddance... Hopefully more shoddy companies follow suit soon...
I always felt they were overpriced and used too many mail-in rebates on sales .
@Mike8813: You must live in a different Kansas than I do.
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The Source, formerly Radio Shack (in Canada), was the only profitable part of Circuit City.
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@lunarworks:
Wasn't the only other option Canadian Tire? That place has EVERYTHING.
@TheSpatulaOfLove: If by everything, you mean 1 of every piece of crap product imaginable in an oversized store with barely any staff available even on a slow day, then yeah. It's like a crappier version of Wal-Mart for the chain around here.. mind you, I also despise Wal-Mart. [Wears his Wal-Marx t-shirt with pride]
@ CRCError1970: It bothers me that you actually sit there and HOPE that more people lose work, a lot of people lost their jobs because of this, and yes, poor management certainly caused it, but people are now out of work none-the-less...
How can an economy get moving again if MORE jobs are lost.
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Hopefully Best Buy follows suit within the next few years.
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A speedy recovery to my brothers at #3783 in Lexington, KY. We had good times together and I wish you and your families all the best. Here's hoping that this unfortunate bit will help you all realize your full potentials (damn you guys were talented, why did you stay so long?). I'll miss you all.
There are a few victims in this - namely those few employees (at corporate and in the stores) that actually enjoyed their jobs and tried to provide good customer service. Granted, I never met any of them, but I know that there must be some.
The guilty, however, have gone free without any charges against them. These are the Circuit City corporate executives, senior management, and board members that sanctioned years and years of boneheaded decisions, resulting in stupefyingly idiotic policies.
Make no mistake - Circuit City deserves its fate. But that leaves the US with essentially one national consumer electronics chain (Best Buy) and monopolies are rarely good for the consumer. Radio Shack, Walmart, Target, and numerous regional chains may try to rise to occupy the voice left by Circuit City, but no one knows for sure what will happen in this economy.
Circuit City is gone and consumers are better off for it. All you big-box retailers - heed the lessons of CC's passing and do not repeat their mistakes.
And what of those who have outstanding rebates due that were promised to us after many rebate checks bounced? I am waiting on 30 bucks. It said it was a manufacturer's rebate and it was for a Microsoft keyboard. But the rebate was sent to a Circuit City address box. I would gladly donate it to charity (the local food bank or soup kitchen who will be feeding former employees here in Flint Mi as there aren't any jobs for them anywhere. Anybody got any ideas?
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Na na na na
Na na na na
Hey hey hey
Goodbye!
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What's really funny to me is that I just bought an Entertainment book. It has Circuit City, Sharper Image, AND Linens n' Things coupons. Yay.
Thank goodness, and I say this after I found an unauthorized charge on my credit card for almost $700 on Thursday! The thief liked shopping at the Katy, TX location.
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good riddance.
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I piss on Circuit City's grave.
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For all the wailing and moaning and gnashing of teeth about the economy, there is a silver lining:
This makes an excellent excuse for getting rid of bad people and companies.
To wit: CC made the Capone Mob look TQM-compliant.
More to wit: Goody's cheap Chinese clothing could not hold a candle to Wal-Mart's cheap Indonesian clothing.
Also to wit: How many bad employees are no longer with YOUR employer?
This has gone on forever, once NYC was chock full of Dept Stores, known for their service and high quality merchandise at usually reasonable prices. They ranged from posh to plain. Now most are gone. Korvettes, Alexanders, Bests just to name 3.
Retail is always evolving.
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The sad part from the AP article: \"selling its remaining $1.7 billion worth of inventory weeks sooner than expected.\"
This means a whole lot of people got suckered by the liquidation \"sale\" if all of the inventory was sold out weeks sooner than expected. It also means our economy isn't bad if people had the money to buy $1.7 billion in jacked up inventory.
@allstarecho: Now that everyone has spent all their money on the CC liquidation there will be less money to spend at legitimate retailers. You can bet that other retailers are feeling the hit of this liquidation, despite the fact that many had better prices than even CC's liquidated merchandise.
There are other mcjobs out there for the 35K that left. The managers on the other hand, will be hard pressed to find something decent as they don't really have any marketable job skills other than scamming the public.
I feel sad, but only because Circuit City was the electronics retailer of my childhood. So I guess what I actually miss are the pleasantly ignorant memories of my childhood where I'd go into a Circuit City and marvel at all the technology there.
Well, an employee from a local store here in Virginia wrote to the Richmond Times Dispatch. He was upset that so many customers were angry at the employees for the sale prices that were not low enough. He also was sad that so many people wished them ill will towards finding new jobs.
Now I do sympathize with some of the lower groups but come ON! You could go into a CC and the DVDs were trashed along with any other product in the store when they were open full time. The liquidation actually helped organize the store! Besides from what the company pulled last year most of the good workers were terminated for being productive.
What I would personally LOVE to see is the executives and management from this company get blackballed in the entire industry so that they could NEVER work in management again EVER! They will be in college/business textbooks from this year forward as the actions not to do if you want to run a successful company.
How stupid could a company be? Stop selling appliances? Lay off your good workers? Play games with customers? Yup they did it all and more. Good riddance and may Best buy follow soon or take the example and improve.
For me, it wasn't their bad prices, or their bad customer service that got me, it was the fact that it took 20 minutes to ring up an order. I'm not sure if this was the case everywhere, but the CC by me always had empty check out register, and you had to go to the customer service line for every transaction. So, while I'm waiting to buy a $20 DVD, I'm in line with returns, complaints, etc.
That said, I did get guitar hero 3 for like $30.
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Good riddance to them. I wish I had never bought anything from them, but their Black Friday tempted me to the dark side. Then I learned my final lesson - they stole $50 from me and I can't get it back. Burn in hell, Circuit City. Burn in hell.
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From the AP article:
\"The dismal environment also has claimed retailers including KB Toys and Mervyns.\"
I take this to mean the dismal physical environment of their stores. No arguments here.
May Best Buy soon follow in Circuit City's tracks!
But if that happens, what will The Consumerist report on???
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Long live Circuit City.
Why?