Circuit City

circuit city death watch
Circuit City Gets A Loan, Lives To Fight Another Day
Circuit City has secured a loan from Bank of America that will pay for its operating expenses until it emerges from bankruptcy next year, says Bloomberg. This financing gives CC a new lease on life — Yes, we may yet see the bankrupt retailer rise from the ashes to continue its proud tradition of ignoring customers who are standing at the register. More »

11:59 AM on Tue Nov 11 2008
By Meg Marco
4,680 views, 32 comments

Most discussed TecmoTech: Why would BoA make this loan? They do read the news, don't they? more »
circuit city death watch
Circuit City Liquidator Demonstrates Its Ability To Do Math
Reader Scott went to the closing Circuit City in Oklahoma City and found that there weren't many deals to be had. He also noticed that Circuit City's liquidator seems to be having a problem calculating their discounts. More »

11:37 AM on Tue Nov 11 2008
By Meg Marco
24,703 views, 81 comments
circuit city death watch
Timeline: How Circuit City Came Undone
Bankruptcy is a time for reflection, we guess, so we put together a nice little time line of Circuit City's precipitous decline over the past 2 years. We begin our journey in March of 2007, when Circuit City announced that it was firing everyone who knew what 1080p meant so that they could hire cheaper labor... More »

3:21 PM on Mon Nov 10 2008
By Meg Marco
45,021 views, 117 comments

Most discussed Uh oh... Cleveland: I would love, love, love if this thing could be traced back to the firing of the experienced employees, who more »
circuit city death watch
Insider: Smart Shoppers Are Going To Circuit City Stores That Aren't Closing
An employee of one of the closing Circuit City stores tells us that they were offered "big bonuses" for sticking around until Dec 31 instead of looking for a new job — but when the liquidator showed up the "bonus" was $0.75 an hour. Ouch. Oh, and yes, the liquidator is raising prices according to this now disgruntled employee. More »

3:15 PM on Mon Nov 10 2008
By Meg Marco
19,222 views, 52 comments

Most discussed parad0x360: Well why dont you all walk out and quit? If nobody is working for them then they cant screw more »
circuit city death watch
Poll: Will You Shop At Bankrupt Circuit City?
The pundits are concerned that shoppers will be reluctant to buy electronics from a retailer that has declared bankruptcy, because they're worried about whether the store will be there to honor their extended warranties and gift cards. (Ew, extended warranties!) More »

11:42 AM on Mon Nov 10 2008
By Meg Marco
11,263 views, 78 comments
circuit city death watch
Circuit City Files For Bankruptcy

Circuit City has filed for chapter 11 bankruptcy. According to their press release, this will allow them to undergo corporate restructuring, cut costs, get out of leases and figure out a way to still make a go of it. The stores will continue to operate, and they will seek to still allow for returns, exchanges, and gift cards.

Circuit City, Electronics Retailer, Seeks Bankruptcy [Bloomberg] (Thanks to Ken!)
Circuit City Stores, Inc. to Reorganize Under Chapter 11 [Press Release] (Photo: corsec67)

8:35 AM on Mon Nov 10 2008
By Ben Popken
6,511 views, 76 comments

Most discussed exo: I went to buy a game from them on friday which was supposed to come with a 3rd party gift more »

More Sadness: Circuit City is laying off between 500 and 800 people from its corporate headquarters. [InRich] (Thanks, Elizabeth!)

13 comments
circuit city death watch
No Deals: Notorious CompUSA Liquidator To Run Circuit City Closings
Your worst suspicions have been confirmed, the liquidator that ran the notoriously awful CompUSA liquidation (they actually raised prices, click here to see a photo) is conducting the liquidation of 155 Circuit City stores. More »

10:55 AM on Fri Nov 7 2008
By Meg Marco
14,383 views, 57 comments
insiders
Beware Items Without Pricetags At Liquidated Circuit City Locations
A former Circuit City employee says he visited some of his old coworkers and found out about a trick the liquidators are using that you should beware: More »

12:27 PM on Thu Nov 6 2008
By Ben Popken
34,168 views, 48 comments
circuit city death watch
Circuit City Liquidation: "I’d Rather Order The Stuff Online For The Same Price"
Tom says he went to one of the closing Circuit City stores to check out the liquidation deals and was disappointed. The whole store was marked down, but the deals about the same as normal "sale" prices.

More »

11:59 AM on Thu Nov 6 2008
By Meg Marco
12,525 views, 34 comments

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