Circuit City files for bankruptcy protection - bit-tech.net Forums

CardJoe · 11th Nov 2008, 09:02

http://www.bit-tech.net/news/2008/11...y-protection/1

US computer and electronics retail giant Circuit City has filed for Chapter 11 bankruptcy protection amidst poor consumer spending and a tumbling share price.

TreeDude · 11th Nov 2008, 13:36

Their stock has been steadily falling and now sits at $.10 (was $.20 before the bankruptcy announcement). Could be a good buy if they rebound next year. I hope they do, I don't want Best Buy to be the only major electronics retailer out there.

pizan · 11th Nov 2008, 14:41

a few friends and i are taking a little trip to one of the stores thats closing to see what we can squeeze out of it

pendragon · 11th Nov 2008, 18:08

that's sad.. I always liked Circuit City :-/

HourBeforeDawn · 11th Nov 2008, 22:16

saw this coming, they really need to improve big time. I dont ever go there anymore since I started going to BB and buying Online.

Stuey · 11th Nov 2008, 22:31

Quote:

Originally Posted by pizan

a few friends and i are taking a little trip to one of the stores thats closing to see what we can squeeze out of it

Good luck. CC is using the same liquidators that CompUSA used, which means they'll mark up the prices before they discount them.

This was inevitable - last year they reported very poor sales even before the money crunch started.

The_Beast · 11th Nov 2008, 23:11

That sucks

Best Buy isn't my favorite place to shop for eletronics

DXR_13KE · 11th Nov 2008, 23:21

why don't they pay sensible wages to the fat cats?

OtakuHawk · 11th Nov 2008, 23:45

Quote:

Originally Posted by pendragon

that's sad.. I always liked Circuit City :-/

circuit city used to have good sales and support ppl. I knew several of them. they knew their ****.

then they got the brilliant idea of firing them all and replacing them with minimum wage morons.

and then they couldn't understand why their sales numbers dropped.

fark them. I hope the management ends up penniless under a bridge.

docodine · 12th Nov 2008, 01:39

Quote:

Originally Posted by Stuey

Quote:

Originally Posted by pizan

a few friends and i are taking a little trip to one of the stores thats closing to see what we can squeeze out of it

Good luck. CC is using the same liquidators that CompUSA used, which means they'll mark up the prices before they discount them.

This was inevitable - last year they reported very poor sales even before the money crunch started.

Strange, I got great deals at the closing CompUSAs... Best one was a Logitech G15.

It was marked down to $60, and it was sitting on a half-price rack. On top of that, there was a $30 rebate on the box. It probably was a mistake, but after about a month, the rebate went through.

I paid several cents for a pretty nice keboard.

I might stop by the local Circuit Cities, I need a copy of Vista... They were <$60 at the closing CompUSAs, hopefully similar at the Circuit Cities.

And by the way, Target and Wal-Mart could probably rival Best Buy in their electronics departments within a few years.

jhanlon303 · 12th Nov 2008, 01:59

Where I live we have/had Circuit City and CompUSA right next to each other and across the street from BestBuy and WallyWorld. I'm sad to say that in my 6 decades on this planet I have never bought anything from Circuit City.
Am I too old to learn? The CompUSA close outs were crap. Any hope of CC having any deals?

John

Amon · 12th Nov 2008, 03:12

The chain is branded as "The Source" in Canada. I will raid the nearest store tomorrow after work.

chrisb2e9 · 12th Nov 2008, 03:21

Quote:

Originally Posted by Amon

The chain is branded as "The Source" in Canada. I will raid the nearest store tomorrow after work.

not radio shack! noooooo!

Oh well, cant remember the last time I actually bought something there.

Firehed · 12th Nov 2008, 05:14

I'll be glad to see them go, massive suckfest. Consistently terrible service, bad prices, poor policies, and unfriendly staff.

Ghys · 12th Nov 2008, 05:46

Quote:

Originally Posted by Firehed

I'll be glad to see them go, massive suckfest. Consistently terrible service, bad prices, poor policies, and unfriendly staff.

I was going to say the exact same thing

This store always sucked.

It was trying to be a small Best Buy but couldn't
It was trying to be a small Toys' R Us but couldn't
It was trying to be a [Insert real computer store name] but couldn't
It was trying to be a serious electronic store but couldn't

All it had were annoying salesmen (can't be blamed for trying to get commission, but still) and ridiculous prices (9$ for 4 AA batteries that lasted an hour and a half in a CD player)

notatoad · 12th Nov 2008, 07:04

somebody said that the source was a different entity despite the circuit city branding and would not be closing.

so maybe no closeout sales for us canadians.

Volund · 12th Nov 2008, 13:07

hum, may go over and check it out... perhaps they have some games up for cheeps

naokaji · 12th Nov 2008, 14:35

Let's welcome America to Europe where Pc retailers that actually stock a big range of HW are long extinct, margins on pc parts are simply too low these days for retail stores to be able to survive on a big scale.

11th Nov 2008, 09:02	#1
CardJoe Player Character bit-tech Staff Join Date: Apr 2007 Posts: 8,009	Circuit City files for bankruptcy protection http://www.bit-tech.net/news/2008/11...y-protection/1 US computer and electronics retail giant Circuit City has filed for Chapter 11 bankruptcy protection amidst poor consumer spending and a tumbling share price. __________________ this is joe's non-bit-tech blog

11th Nov 2008, 14:41	#3
pizan that's n00b-tastic Join Date: Apr 2008 Location: North NJ, USA Posts: 216	a few friends and i are taking a little trip to one of the stores thats closing to see what we can squeeze out of it __________________ Primary Rig: AMD 6000+, Asus Crosshair, 4GB OCZ Reaper DDR2-800, 8800GTX SLi, Antec 900, Asus Trtion 79 Amazing, PCP&P Silencer 750 Secondary Rig: Intel 8400, Asus P5E-VM HDMI, 4GB OCZ Platimnum, PaLit 9600GT Sonic 1GB, NZXT Rogue, OCZ ModXStream 780w

11th Nov 2008, 18:08	#4
pendragon I pickle they Join Date: May 2004 Location: Massachusetts,usa Posts: 632	that's sad.. I always liked Circuit City :-/ __________________ -----BEGIN GEEK CODE BLOCK----- GCS d-@ s-:>: a- C++$ UL---@ P++>+++++$ L+ E----@ W+++ N o? K? w++>+++++ O---@ M-- V? PS--() PE+@ Y? PGP-@ t+(+++) 5(+)@ X@ R+(++) tv@ b++ DI@ D++ G e++>+++++ h! r(%) y? ------END GEEK CODE BLOCK------

11th Nov 2008, 22:16	#5
HourBeforeDawn a.k.a KazeModz Join Date: Oct 2006 Location: Cali, USA Posts: 1,796	saw this coming, they really need to improve big time. I dont ever go there anymore since I started going to BB and buying Online. __________________ Current Rig: RubyRED • Lian-Li A05B • (2) Swiftech 220 Radiators • (2) D5 Variable Pumps • (2) Res • and a whole lot of modding • Retired Rig: Project F.E.A.R. • TT Lanbox Lite • Swiftech H2O-120 • Q6600 G0 OC@3.6ghz • 2900XT • 4gb SuperTalent Memory •

11th Nov 2008, 23:11	#7
The_Beast I am The Stig Join Date: Apr 2007 Location: Wisconsin Posts: 3,229	That sucks Best Buy isn't my favorite place to shop for eletronics __________________ Rendering Machine - Gigabyte DS3L P35 - C2Q Q6600 - Antec New Solution Series NSK4480B - Corsair XMS2 2Gb - Sapphire 2600 XT 256mb - Seagate 'Cuda 320 GB - Antec Earthwatt 430 watt - Windows XP Pro -

11th Nov 2008, 13:36	#2
TreeDude Multimodder Join Date: May 2007 Posts: 239	Their stock has been steadily falling and now sits at $.10 (was $.20 before the bankruptcy announcement). Could be a good buy if they rebound next year. I hope they do, I don't want Best Buy to be the only major electronics retailer out there.

11th Nov 2008, 23:21	#8
DXR_13KE Madeira's banana is the best!!! Join Date: Sep 2005 Location: Madeira ; Portugal Posts: 6,476	why don't they pay sensible wages to the fat cats? __________________ *Renegade X - 0.40 Release!* <---- CLICK!

12th Nov 2008, 01:59	#11
jhanlon303 6 decades of fun Join Date: Sep 2006 Location: Westminster, CO, USA Posts: 7,281	Where I live we have/had Circuit City and CompUSA right next to each other and across the street from BestBuy and WallyWorld. I'm sad to say that in my 6 decades on this planet I have never bought anything from Circuit City. Am I too old to learn? The CompUSA close outs were crap. Any hope of CC having any deals? John __________________ Life is it's own answer. Live life for itself. Accept it and enjoy it day by day. Live as well as possible. Expect no more. Destroy nothing, humble nothing, look for fault in nothing. Leave unsullied and untouched all that is beautiful. Hold that which lives in all reverence.

12th Nov 2008, 03:12	#12
Amon inch-perfect Join Date: Jun 2007 Location: cannoning into the reds, Toronto, Canada Posts: 2,456	The chain is branded as "The Source" in Canada. I will raid the nearest store tomorrow after work. __________________ Defunct Socket 939 San Diego 4000+::2GB PC3200::Radeon 9600 SE 128MB::200GB HDD::24" Dell 2407WFP-HC::WinXP x64/x86 dual boot Dell Vostro 1500 laptop::Socket P Merom T7100::2GB PC5400::Go 8600m GT 256MB::660GB HDD::15.4" WXGA+, 24" Dell 2407WFP-HC::WinXP::Fanatec 911 Wheel+Pedals

12th Nov 2008, 05:14	#14
Firehed Why not? I own a domain to match. Join Date: Feb 2004 Location: An hour north of Boston Posts: 12,576	I'll be glad to see them go, massive suckfest. Consistently terrible service, bad prices, poor policies, and unfriendly staff. __________________ hire me @ eric-stern.com - web developer and php ninja pics @ my smugmug :: Twitter @firehed :: blog @ firehed.net 40D\|580EXII\|285HV\|AB800\|70-200f/4LIS\|17-50f/2.8\|150f/2.8Macro\|50f/1.8 MacPro @ 8x2.8GHz, 10GB FBDDR2, 3TB HD :: MBP @ 2x2.2GHz, 4GB DDR2, 320GB HD

12th Nov 2008, 07:04	#16
notatoad pretty fing wonderful Join Date: Jun 2004 Location: alberta, canada Special:very Posts: 3,180	somebody said that the source was a different entity despite the circuit city branding and would not be closing. so maybe no closeout sales for us canadians. __________________ the old: gigabyte P35, e4300@2.8GHz, 4GB DDR3-1333, 8800gts 512, win7 the new: DFI M3H5 Jr, phenom 810, 4GB DDR-1600, OCZ Vertex, debian notatoad.net fdo eff

12th Nov 2008, 13:07	#17
Volund I'm Freakin out..... man Join Date: Sep 2008 Location: in my own pants.... Posts: 709	hum, may go over and check it out... perhaps they have some games up for cheeps __________________ Current System- XFX 780i SLI Mobo, MSI 8800GTS, Q6600, 8GB OCZ RAM, 250GB Seagate HDD + 2x 160GB Seagate HDD's, 1000W OCZ PSU, Running W7 Ultimate x64 Laptop- Toshiba Satellite (M115-S1061), 75GB HDD, ATI GFX, 2GB Corsair RAM, Running W7 Professional x32