News Circuit City files for bankruptcy protection

http://www.bit-tech.net/news/2008/11/11/circuit-city-files-for-bankruptcy-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.

 

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.

 

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

 

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

 

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.

 

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.

 

That sucks


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

 

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

 

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.

 

Same goes for every other business / organization etc in the whole world.

 

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.

 

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

 

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.

 

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)

 

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.

 

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

 

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.