Circuit City Up For Grabs!

Loot Ninja writes:

"News just in, people. Circuit City, the American dealer and retailer in brand-name consumer electronics and entertainment software, has officially been put on sale as of today, according to my sources inside Circuit City here in New York City."

[fiercescuba]

i hope they have a huge sale. i want surround sound.

[MS272167]

F**k it, I'll fill a room with tv's receivers, consoles... hey you never know what you might want in the future.

[Violater]

With workers and their Jobs.

[Canidae]

While I would hate for anyone to lose their jobs in this economy, I'm with the writer of the article. Them liquidating would mean I could stock up on a lot of gear I've been holding off buying. That said, either way I hope the people involved suffer as little as possible, liquidation or takeover.

[taz8080]

Less electronic competition would be great perhaps we will see some serious video game price slashes

[season007]

me gaining a couple bucks or thousands of people retaining their jobs?
I would definitely pick the latter one

[joydestroy]

why would video game prices get slashed if there was less competition?
less competition means you can set the price at whatever you want, as there are less people selling what you want.

if you were the only seller of a specific item, would you charge 5 dollars or 10 if it can't be found anywhere else?

[Hellgiver]

I would love to have an updated surround sound system. Throw in a new monitor for my upcoming i7 rig, as well as a new medium size TV and I'll be golden!

[f789790]

They will slowly discount everything and people will pick it up having saved $20 and bought a +$100 store warranty (stupid people will buy the store warranty). By the time big sales are going there will only be crap.

[MS272167]

I'm hopeful for full liquidation. I could use some new toys for dirt cheap.

[drunkpandas]

If they can't find a buyer, it's certainly a possibility.

[Parapraxis]

Is Circuit City in the U.S. way overpriced like The Source (same store, different name) up here in Canada?
Either way condolences to their workers.

[drunkpandas]

Not really. They were priced competitively with Best Buy. Problem is, no one went to Circuit City much after Best Buy became so popular. With so many people moving to online for electronics purchases, there really wasn't room for multiple big box stores like this here in the US. That's my 2 cents.

[iiprotocolii]

With so many stores out now here in the US (Best Buy, Sam's Club, Wal-Mart, etc.) there's only so much you can expect. Best Buy has become a corporate monster and Circuit City just isn't competing with them. It's the sad truth. Other stores, like P.C. Richards, for example, I'll give a couple of more years. Look at what happened to The Wiz and Sears.

[Tsalagi]

The reason i didn't shop at Circuit City was because every one i've ever been in looked like a large Dollar Store that sold tv's. Games were just thrown in bins for customers to dig through and the ones that were on the shelf were in no kind of order what so ever. Finding the line at the checkout (or the checkout area itself) was a task and getting help from an employee was next to impossible. The last time i went in one they had $2000-4000 HDTV's on the floor sitting on top of the boxes they came in (cut open to make make-shift "shelves")like some kind of fire sale was going on. I knew then they weren't going to last much longer.

[greyishfox]

@2.2 I completely agree. It's the way its always been, my question is who will rise up and put Best Buy out of business?

[The Great Melon]

My experience with Circuit City has always been positive. They always seem to have the better deals with sales. Also they have more games in stock than Best Buy who only has the latest games. I hate Wal-mart as they never lower their prices. Target is probably the only other store besides Best Buy and Circuit City that I frequent because they clearance things that are sometimes only two months old. OH just remember the best store of them all... Fry's Electronics. Not only an amazing selection but amazing prices. I lose so much money to Fry's.

[Dark General]

I loved circuit city. They were always the cheaper of the big box retailers here in new york. The people in there was nice as well. I hope they stay in business.

[f789790]

I can get a new game for $56.99 with no tax, no shipping fees, and I don't have to stand in line and show my ID. If I had a Fry's near me though..........that would be tempting.

[drunkpandas]

I think this was an inevitable after all that has gone down with Circuit City over the past six months. Although, I will take advantage of the liquidation sales should that happen.

[fiercescuba]

I'll bid whatever they sell their Onkyo 7.1 Surround Sound system. its $499 now, if it drops below $350, its mine.

[taz8080]

Liquidation would be interesting, I may buy a Circuit City sign and hang it outside of my house, lol

[Voozi]

I bid 1 dollar

[Elvfam511]

I bid 2.10

[taz8080]

I bid 2.3 then

[FantasyStar]

I will bid 4.27!

[Voozi]

Sorry guys but it looks like Mr. Lincoln is going to have to come out now...

$5!

[iiprotocolii]

And present you with Lincoln's twin brother...Lincoln. Also known as Mr. Penny.

[AriesFury]

You seem to be the only one beside me who just doesn't see what they can get a discount price but see that people will lose their jobs.

[iiprotocolii]

It's not that I, personally, don't feel bad. Of course I do. But the fact of the matter is, there's really nothing we can do by sympathize, wish them the best, and help the company by buying their discounted products. >_>

[FantasyStar]

A store goes out of business which means workers will get laid off. Customers however get great deals on products because the store is going out of business. However unless customers have the money to bail out said company: the only way to help ease the liquidation process is to buy as much as you can from the company that's going under. It's a very ironic circle.

I however prefer to pay what I think is the appropriate worth of an item. I won't ever pay $100 for a THX 5.1 surround set w/ receiver. I'll pay no less than $250 for those things. It's a weird feeling, but I feel better about an item if I spend just enough to justify its value. For one thing, I value my PS3 much more than my 360 because I paid $600 for it. I'm more inclined to take care of it and such. That said, being conservative like that helps cut down on household clutter and dusty electronics: that's another subject though.

[CyrusNightshade]

Most of the items that can be sold elsewhere will be taken back by vendors and sent to other locations, The only thing you will get a good deal on are Tvs and computers already on display. At most you might get 10-20% off

[iiprotocolii]

I see nothing wrong with getting a bigger TV, a new receiver and some Blu-rays (which I'm pretty sure will be low on the cost).

[wwedx]

I guess ill be getting a ps3

[divideby0]

bad news...the kept BestBuy in price check in our area.
Now BB can run up their prices

[The gaming GOD]

This is why we should all hate Monopolies. With Circuit City gone, Best Buy just might do like you said and violate us with high prices above the norm

[godcrusher]

Tell me about it. Fry's is by far the best eletronics store. It's prices are cheaper than either of the other 2 big stores and the selection is huge.

[iiprotocolii]

But Fry's, at least here in NYC, isn't as popular as either due to its small store numbers. I'm pretty sure Fry's will son be walking with the Big Boys of electronics retail.

[McDaygo]

I want more places to get gear/games/movies not less. At the same time this place lost my $$$ from me when they fired people then said they would hire them back for less pay. I get that they were going down but it was pretty shrewd way of doing things to me. Another case of a poorly poorly run business going down.

[PS360PCROCKS]

KURO HERE I COME!!!!!!!!!! Oh man I've wanted that damn TV for so long.