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Friday, January 16, 2009

RIP Circuit City - inventory selloff NOW

Circuit City Gave up , Judges couldnt reconcile the Chapter 11 - no deal going.

A bit of a bummer for locations in where Circuit City was the Anchor presence in BigBox TV sales, but quite frankly this outcome was written on the wall long ago. It seems the cathartic outcome of OBAMA CHANGE is to come clean on your errors and take it on the chin, however that may be, industry corrections are happening everywhere, this will not be the only one. Watching Tweeter's fall from grace hurt a bit, but this one hurts a bit more i think.

Good news for you who have some cash and time and are willing to spend it in closeout sales.


When will the liquidation sales begin?
Liquidation sales begin as early as Saturday, January 17, 2009, and will last as long as it takes to sell through the merchandise at each of the stores. We expect the sales to wrap up by the end of March 2009.

How much will merchandise be marked down, and can customers negotiate prices for the merchandise?

There will be clearance pricing, but specific discounts are not being announced. All sale prices are at the discretion of the liquidator. Prices are non-negotiable and all adjustments must be approved by the liquidator's on-site managers. *
What payment types will be accepted at the liquidation stores?

Stores in liquidation will accept cash, Circuit City gift cards and most credit cards. Personal checks will not be accepted. All sales are final.

Will Circuit City's price matching policy or the 'One Price Promise' apply during the liquidation sale?

Because the liquidation company is in charge of the sales at the closing stores, their policies are in force. So, One Price Promise does not apply during liquidation events, nor does the company's Unbeatable Price Guarantee. All sales are final.

if you can pull it off... MANAGERS DEALS.

Lets say you and a half dozen friends want new TV deals, Get together and then ... talk to the manager, have a huge wad of cash visible, and you will likely walk out with a deal you could not get anywhere else. Anything they have that says LG or Samsung on it is done right for sure, so start there, and they have a huge Sony inventory. So get there early, see what they have, then get on your cellphone, pull a co-op buy together and talk the manager down on a qtty buy. Thats how to get big screens for the price point of smaller ones.

The liquidators went back to MSRP -10-30% so actualy for some items the price tagged is HIGHer than pre-liquidation $$. NOT worth the trip for many items. both BJ's and Best Buy had LOWER prices on some TV's/ unreal. Long lines though, so people were buying some stuff, but i think it was hype-mechanics and not real deals. I didnt see anything worth it, and left.


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