After hearing Circuit City will close all of its retail locations and force 30,000 people out of work, the lure of good deals has caused chaos at many brick & mortar locations. Long lines, chaos, and a general ruckus was caused at several locations, as many bargain hunters were out in full force since the announcement.
The items consumers wanted most — HDTVs, MP3 players, and video game consoles — had no discounts, or were marked down just 10 percent. Furthermore, many consumers were left disappointed after finding out that many of the good bargains already vanished from store shelves, or prices remained the same.
I went to my local Circuit City to try and see if there were any good deals on anything in the store.
Like many others, I noticed very little savings on HDTVs and video game consoles, which left me rather disappointed. It was possible to find both PC and console video games on sale, but it was obvious that many of the games are going to disappear quickly once the price drops further.
For those of you who are thinking about heading out to Circuit City to save money, here are a couple of things you may want to take into consideration.
Circuit City executives are relying on four different liquidation companies to help rid the doomed company of its current stock, and items will likely be on sale until March. Furthermore, be aware of what the MSRP of high-price products are, as Circuit City is pushing the prices up to retail before slashing prices for consumers.
All sales at Circuit City are final — consumers will not be able to return items or get refunds. If you’ve purchased something before Jan. 16, then the 14-day refund/exchange policy is still good. All gift cards must be used before the store closes, as they’ll have no value.
If you’ve already visited Circuit City, or plan on going hunting for deals, I’m curious to hear if you found any good deals.
41 Comments
Also, dont count on any store manager giving you a better deal than what is already marked.. These stores are run by the liquidation companies and the store managers really have no pull..
First off, Circuit City's demise was not due to consumers shopping at Best Buy and Walmart.. Even if it was true, maybe the corporate heads should have at least figured out why people were shopping there to begin with.. As a consumer, I go where the cheapest price is and in most cases, for me, its usually found somewhere on the internet.. I get savings from the purchase price, free shipping and no sales tax..
The cause is the same reason financial instituations and other corporations are either closed or on the brink of closing; the economy.. You either have no money or less money to spend these days so people cannot justify making the purchase anymore.. This applies to Best Buy, Walmart, Sears, PC Richards etc..
Im sorry your losing your job, but dont blame the consumer on this.. If the economny was not in the condition its in today, you wouldnt be in this mess.. But your not alone, take a look around and you can see others losing their jobs also.. No ones job is safe nowadays, Im sure Best Buy and other retailers are feeling the pinch too and they could in effect bite the dust also..
Thank you.
Again please understand I am not solely blaming the consumer, I am one too, but there are those that still want to yell at me about price and there is nothing I can do anymore to help them. People just do not seem to understand that. I know there are other store here in my city that are getting ready to close or lay people off. I have a lot of friends that have to give up school and life on there own right now just to survive. I sincerely hope that where I land I can take those quality people with me and provide them another oppourtunity in life to better themselves and make a living.
I hope you can rebound and find yourself employment elsewhere before your fully terminated..
I do have a few prospects but I am going to live out my career with Circuit City until the end at which time my services are no longer needed. I want to be part of the final team to close my store as I have put a lot of time, effort and personal touches into making my store what it is.
Again I thank you for your kind regards and look forward to the future here as well as in my work environment.
Now that all the Blockbusters and Hollywood Videos are shuttered too, I shudder to think WHO can possibly fill their shoes??
Maybe storage lockers for all the "chit" that people bought on credit that they still owe on at 27%.....Maybe bunkstyle jails for all the drug offenders who like to "toke up" and listen to their favorite music.....maybe skating arenas or paint ball galleries...or head banger convention centers....maybe all 33,000 associates could band togeher as a giant Amway Distributor.....
Too bad the "City" blew its circuit.....
R.I.P. Circuit City,
We're gonna' miss you !!!
Sir Cutt
City of Parks / No Stores
Now that all the Blockbusters and Hollywood Videos are shuttered too, I shudder to think WHO can possibly fill their shoes??
Maybe storage lockers for all the "chit" that people bought on credit that they still owe on at 27%.....Maybe bunkstyle jails for all the drug offenders who like to "toke up" and listen to their favorite music.....maybe skating arenas or paint ball galleries...or head banger convention centers....maybe all 33,000 associates could band togeher as a giant Amway Distributor.....
Too bad the "City" blew its circuit.....
R.I.P. Circuit City,
We're gonna' miss you !!!
Sir Cutt
City of Parks / No Stores
35k people losing their job is nothing compared to millions in way worse situations in the rest of the world.
You are being overdramatic because it directly affects you, I understand that, I probably would too and if such is the case I'd like to have someone remind me I'm not the center of the world.
You are still alive and kicking, the other 35k too, as long as that remains true, anything can be done. Solutions don't come from worrying, they come from acting.
Good luck.
The problem is, we are all "hooked" on cheap goods! I mean c'mon a DVD burner for 20 bucks? Margins are so slim- there is a steady erosion of guess what? WAGES and BENEFITS!!
When I was a kid- one parent could support a family - now it takes two and even the kid may have to work to make it through college! Wages are not staying up with the cost of living.
Then, the other half of the problem is we throw gas on the fire with buying on credit, running around looking for "necessities" like a cell phone, two cars, cable or satellite, Internet connections and 3500 sq ft McMansions that we live in with 3 bathrooms two air conditioners and two hot water heaters etc. Something had to give sooner or later.
Trouble is- we are like we are on crack- we can't even think about going cold turkey to get off discounted goods- because we have no industry to support the sale of said items, if they were manufactured in our own countries.
People- we are headed for a crash - worldwide and it is going to be bad. In my town- people are scared because they cannot even find a minimum wage job.
Oh wait... let me guess, we should PENALIZE the CEO's for being successful and growing their businesses over all the decades to supply thousands of people with jobs! That would be a good idea, take more of their profits away to magically "spread" around, and then I'm sure they would hire more people and mark their items down further once they learned their lesson. How dare they make a profit and engage in capitalism comrad! We should try them for crimes against humanity for being wealthy and successful, and not giving us more stimulus checks from their personal bank account!! I mean, how can humanity be expected to survive without food, water, Windows Vista, Shelter, 42'' 120hz LCD's, and clothing!?
These companies pay more into the tax system and benefits and inject more prosperity into the economy than ANY other entity, but all you can do is shed a single sparkling tear in response to the outright inhumane injustice thrown onto the shoulders of the hard working American man, the injustices of someone being more successful, and proliferating this infant tactic of class war in order to fulfill your own needs and wants.
I agree this isn't the Soviet Unoion= it's become much worse- we were headed for fascism. All the labors money is going to the rich elite. And then they can't understand why no one is buying anything. In Japan, I think there is a law that the CEO can only make 500 times the lowest paid worker in the organisation. We could use a bit of that here in the good old US of A. I am sick of these croooked jerks demanding multi-million dollar bonuses as the company goes under! then they have the gall to beg for bailout money from what we have left- and even raid our grandchildrens future-then they use it for 1.6 billion in bonuses cleverly called "retention pay" to avoid the bonus "issue" with congress and the "bailout" money or to remodel their office for the tune of 1 million dollars and a 35,000 toilet.
Man, I bet they wish everyone thought like you. their money my ass!
I need to be paid fairly for a job well done and so do they. Problem is, we get laid off do to poor leadership and they do a crummy job and they get a bonus! It aint right.
Banks CEOs in Switzerland all relinquished their bonus money without even being asked by the government. All that money plus the benefits are now being redistributed to all workers of the different entities equally (about 20'000$ per person). If this country can do it, US can as well.
You won't get out of the crisis if your elite selfishly keeps the money in their hands, they have to spend it and the best way to do it is actually giving it to the mass who will spread it amongst different markets.
I don't believe in the "we will match, and give a 10% discount'" if you bring in an ad showing proof that our competitors has something cheaper. This is bad politics, and I refuse to buy from someone who has this mantaility. Eighter have the lowest prices to start with, or don't expect much business.
If was our way of making sure OUR customers were taken care of.
But, even so, they make damn sure to not carry the same identical stock numbers that a competitor carries . If the stock numbers don't match exactly- then there is no price match. A good example is Home Depot. The products look about the same- but there will be some cheesy difference that warrants a different stock number negating the price match "guarantee". I can assure that if there is a price difference between them and Lowes- that they have slightly different stock numbers and the 10 percent guarantee is not honored. If the items are the same, the prices will either be the same or within pennies making the deal meaningless. Been there done that.
It is stuff like this makinfg an ass out of a good customer that drives folks online to where they can easily make price comparisons and read honest user reviews. the retail brick and mortar stores are annoying at best. Amazon and NewEgg FTW
But CC closing, is pretty much CC's fault. It is their fault for not changing enough with the times to cope with the evolving marketplace. Who knows exactly where that would lie, wether it be prices, corporate structure, etc. This is just the nature of companies in general, either change with the times, or face extinction. Now, granted, this is magnified more over with the economic crisis, but same principle should apply.
One other aspect of what a company should do, is differentiate itself from the competition. CC is mainly competing with BB, because Walmart just sells cheap stuff, so it caters to a different market. Now, I understand that Walmart is starting to carry more quality, but in general, they sell the cheap stuff. So my main theory is that they were unable to distinguish themselves enough to bring in more customers. (Granted, I don't know anything about their finances, so it may have been corporate mismangement or something like that, but I am talking in the sense that let's say their finances are 100% correct and legal, thus there are other problems causing them to go out of business)
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