Circuit City to Liquidate

Circuit City to Liquidate

PostBy: billlindley On: Fri Jan 16, 2009 3:34 pm

Another one goes down. And I thought Best Buy's prices were bad before this. Less competition = higher prices.


http://finance.yahoo.com/news/Circuit-City-to-liquidate-apf-14084147.html
This link is broken, either the page no longer exists or there is some other issue like a typo.
billlindley
 
Stove/Furnace Make: Reading
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Re: Circuit City to Liquidate

PostBy: ErikLaurence On: Fri Jan 16, 2009 3:44 pm

Brick and mortar specialty stores that sell commodity products are done.

Best buy won't last long.
ErikLaurence
 
Stove/Furnace Make: Reading Lehigh
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Re: Circuit City to Liquidate

PostBy: billlindley On: Fri Jan 16, 2009 3:49 pm

You may be right to a degree. Certain things like DVD's and computer parts I will buy offline any day. However when you start talking PC's, appliances, TV's I need to go to a store and see it first hand. I actually just bought an LCD from Circuit city about 3 weeks ago and while they had the cheapest price AMAZON also had it for about $65 cheaper with free shipping. I couldn't bring myself to purchase it online though.

Time will tell.
billlindley
 
Stove/Furnace Make: Reading
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Re: Circuit City to Liquidate

PostBy: cArNaGe On: Fri Jan 16, 2009 4:20 pm

billlindley wrote: However when you start talking PC's


And no way would I ever buy a computer from a store.
cArNaGe
 

Re: Circuit City to Liquidate

PostBy: BeerMonley On: Fri Jan 16, 2009 4:27 pm

wonder if i go to CC now if i can get any deals? i hope bestbuy doesnt go under soon since i work there, if we are hurting they sure arent telling us, im just as busy as i was last year (21 jobs in the next 5 days). and i dont think bestbuy will raise prices just cause CC went down, theres way more competitors than just them that are real stores
BeerMonley
 
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Re: Circuit City to Liquidate

PostBy: ErikLaurence On: Fri Jan 16, 2009 5:18 pm

BeerMonley wrote:wonder if i go to CC now if i can get any deals? i hope bestbuy doesnt go under soon since i work there, if we are hurting they sure arent telling us, im just as busy as i was last year (21 jobs in the next 5 days). and i dont think bestbuy will raise prices just cause CC went down, theres way more competitors than just them that are real stores



I don't want to be the bearer of bad news but BBY is in big trouble.

http://uk.reuters.com/article/marketsNe ... 4120090109

http://finance.google.com/finance?client=ob&q=NYSE:BBY
ErikLaurence
 
Stove/Furnace Make: Reading Lehigh
Stove/Furnace Model: LL Hyfire II w/heat jacket

Re: Circuit City to Liquidate

PostBy: jpete On: Fri Jan 16, 2009 5:48 pm

I was done buying computer stuff in brick and mortar stores when CompUSA went out. I liked being able to get what I wanted when I wanted it, even if it cost a little more. I typically use NewEgg or TigerDirect for stuff I don't need right away.

I'm sure the feds will jump on the "internet taxes" bandwagon so when that happens, I just won't buy anything.
jpete
 
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Re: Circuit City to Liquidate

PostBy: BeerMonley On: Fri Jan 16, 2009 6:17 pm

ErikLaurence wrote:

I don't want to be the bearer of bad news but BBY is in big trouble.

http://uk.reuters.com/article/marketsNe ... 4120090109

http://finance.google.com/finance?client=ob&q=NYSE:BBY


ahh thats not horrible, im sur eit will get much worse, i think im ok till i see they start closing stores, they (corp) said years ago we would stop building new stores at some point or they start feeding off each other customer wise. but i do think i need to find a new job sometime soon , to bad this is a horrible time for it.
BeerMonley
 
Stove/Furnace Make: Lesiure Line
Stove/Furnace Model: Pocono

Re: Circuit City to Liquidate

PostBy: Paulie On: Fri Jan 16, 2009 6:58 pm

If you need to touch stuff to buy it, Sears will take care of you. Online/Mail order is all fine and good until you need
to return something, or your item gets croaked during shipping. Brick and mortar retail is not going any where. As far as
specialty stores, they turn over all the time, not just now. Three electronic gizmo chains, one left and that one is on the
ropes. Department stores are an old model, but a wise one. No one item carries the store.
Paulie
 
Stove/Furnace Make: leisure Line
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Re: Circuit City to Liquidate

PostBy: ErikLaurence On: Fri Jan 16, 2009 7:22 pm

Paulie wrote:If you need to touch stuff to buy it, Sears will take care of you. Online/Mail order is all fine and good until you need
to return something, or your item gets croaked during shipping. Brick and mortar retail is not going any where. As far as
specialty stores, they turn over all the time, not just now. Three electronic gizmo chains, one left and that one is on the
ropes. Department stores are an old model, but a wise one. No one item carries the store.


For commodity products brick and mortar is dying

Circuit City
Gottschalks
Goody's Family Clothing
KB Toys
Parent Co
Linens 'N Things
Steve & Barry's
Mervyns LLC

Have all declared bankruptcy since May.

Q109 will see many more because they retail got killed in Q408.

Between the internet and Walmart, brick and mortar retail for commodity products is in deep weeds.
ErikLaurence
 
Stove/Furnace Make: Reading Lehigh
Stove/Furnace Model: LL Hyfire II w/heat jacket

Re: Circuit City to Liquidate

PostBy: BeerMonley On: Sat Jan 17, 2009 6:10 pm

pretty soon all there will be is wal-marts. damn ,to bad i cant get a job there.
BeerMonley
 
Stove/Furnace Make: Lesiure Line
Stove/Furnace Model: Pocono

Re: Circuit City to Liquidate

PostBy: Paulie On: Sat Jan 17, 2009 6:16 pm

ErikLaurence wrote:
Paulie wrote:If you need to touch stuff to buy it, Sears will take care of you. Online/Mail order is all fine and good until you need
to return something, or your item gets croaked during shipping. Brick and mortar retail is not going any where. As far as
specialty stores, they turn over all the time, not just now. Three electronic gizmo chains, one left and that one is on the
ropes. Department stores are an old model, but a wise one. No one item carries the store.


For commodity products brick and mortar is dying

Circuit City
Gottschalks
Goody's Family Clothing
KB Toys
Parent Co
Linens 'N Things
Steve & Barry's
Mervyns LLC

Have all declared bankruptcy since May.

Q109 will see many more because they retail got killed in Q408.

Between the internet and Walmart, brick and mortar retail for commodity products is in deep weeds.[/quote
Specialty one item stores, diversify or die. Food is a commodity, does that mean supermarkets are going too? As a merchant I have been watching the changing retail front. Guess what.........it always changes. Guess it depends on what you sell and how you sell it. As these guys die off, others will come. Any body taking bets on petsmart, kohls, target? Oddly enough, Radio Shack seems to be riding it out.
Paulie
 
Stove/Furnace Make: leisure Line
Stove/Furnace Model: Pioneer

Re: Circuit City to Liquidate

PostBy: mozz On: Sat Jan 17, 2009 7:17 pm

Went to CC today. Nothing really on sale or clearance at all. It was like a madhouse. There were lots of people in the checkout lines, i have no idea what they were buying.
mozz
 
Stoker Coal Boiler: Axeman Anderson 1982 AA-130 Steam

Re: Circuit City to Liquidate

PostBy: Freddy On: Sat Jan 17, 2009 7:21 pm

Paulie wrote:Circuit City
Gottschalks
Goody's Family Clothing
KB Toys
Parent Co
Linens 'N Things
Steve & Barry's
Mervyns LLC


I guess it won't bother me too much, the only one in the list that's around here is Circuit City.
Freddy
 
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Re: Circuit City to Liquidate

PostBy: Devil505 On: Sat Jan 17, 2009 9:50 pm

Too bad....I liked CC allot better than Best Buy...... which is like buying something from a sleazy used- car dealer!
Devil505
 
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