Circuit City details how liquidation will proceed
A sale of all merchandise in Circuit City's 567 U.S. stores begins today and runs through March.
The chain will change some of its policies and the way it does business as it liquidates its assets:
Discounts: Stores will have items for sale at clearance prices starting today. Prices will drop as the sale goes on.
Gift cards: If you have a Circuit City gift card you still can use it at any store. Starting today, gift cards no longer will be for sale.
Warranties: Warranties will continue to be honored. Customers should call the manufacturer if the product is covered under a manufacturer's warranty. For extended warranties, customers can call the phone number on the bottom of their receipts. Extended warranties still will be available for sale on items purchased during the liquidation.
Web site and call center: Both will go offline tomorrow.
Payment: Stores will accept cash, credit cards and gift cards.
Promotions: Circuit City no longer will offer price-matching or its one-price promise because liquidators are in charge of pricing. Customers will not be able to order merchandise online to pick up at stores.
Returns and refunds: Customers who bought merchandise before yesterday have 14 days to return the item for an exchange or refund. Starting today, purchases cannot be returned or exchanged.
Delivery: Delivery will not be available.
Installation and repairs: Home theatre installation will be available, but there will not be any installations on cars. Repairs in process will be finished, but no new orders will be taken.
Cell phones: Verizon Wireless stores inside most Circuit City stores are not part of the liquidation.
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Reader Reactions
Its not surprising to see this happen. When i go into Circuit City, Best Buy, etc.. prices are always way higher than if you buy the same thing online. Often i’ll go into the store, check out a product, and then buy it from Amazon and save 25-50% .. I’ve been using this site to find some good deals online:
zingsale .com
It’s a free service that tracks prices of products from online stores (like amazon) and sends you an email when the price drops.
CHRIS98TEX,,i feel that we are getting rip off when 34,000 people and 2.5 million in other industries are treated as chattle((slave ownership))when you figure we are but pawns on the chess board of the powers that be,,whoes only GAME in life is to make a buck at the workers expence,,it ranges from illegal immagrant workers to research jobs at GATES microsoft,where many VISA are issued because its a labor cost issue,,as if gates needed more billions,,we are all but tiny Tim,s in Scrouges world..and CC is an example of that same mismangement,,and owner who could care less like CC,,mismangement mostlike run by spoil brats who got their jobs from not what they knew but rather who they know,,and paid 400% more than the average worker,,and unheard of wage disparity until recently,,the new thing going on is rading places like CC,,((THE 80,S TO PRESENT))taking all the assets,,running it to the ground,,bankrupting it,,thus the workers lose their pensions, retirement,,which then forces them on welfare,,which they never intended to be ,,but the corporate radiers didnt stop their ,,but made sure that they would,nt have to pay their share of unemployment ,,which is 1/2,,and the state matches that with your tax dollars,,but when you bankrupt,,like CC is doing it puts the whole payment on the taxpayers,,thus RIPPING OFF..taking general monies from education,roads,mental health,,etc etc,,and CHRIS ,i am a construction worker,,and as a construction worker,,you average being laid -off a lot,,i cant even imagin working on the same site more than 2 years,,but thats the nature of my trade,,i live w/it and i except it and i love it,,and this down turn is the worst,,and its all the greed of stockholders,bankers,et.el. and my trade is the hardest hit,,Lowes is fighting the good fight,,but Home Depo is shuting down 112 stores nationwide,,resturants down 40 %,,and it goes on and on and on ,,good luck to you all ,,but as a college grad,,with an eco background,,trust me ,,we r in a depression,,and we have 2-3 more yrs of this mess,,and a 10 yr recovery,,so hang on !!
Zerro, Salinas (sp?) is not the owner of circuit city. He never was. I believe, based on the sale of the entire company to the 4 liquidators, that he is only going to get back the $ from his shares. He has no ownership in any of the 4 liquidators. Thus, the US Taxpayer is not getting ripped off in this transaction….apart from the fact that 34,000 people will most likely be filing for unemployment benefits in 60 days (if they have not found a job in that time). But, I wouldn’t call that ripping off the tax payer if I were you. You never know when you might get severed from your company.
yea,,and BUSH did,nt bring the country down either !!corp..love to expand ,,its all tax write off,s..double books to show losses come in handy too get out of taxes,,and to show profits for the banks to get more money,,if it aint broke why change,,BUSH change it a.k.a.deregulation,,so as to break it and sap all the wealth out of it ,,so we can remain PHAROH,S children,,i HOPE Obams is our MOSES..and its always the person at the top !!just ask the PILOT of the hudson river,,he,s a savior,,but we all know if the plane broke up and many died ,,the song would be very differant,,,right..??
What does the Mexican shareholder have to do with it? I find it real curious the first thing out of your fingertips is in regard to the Mexican shareholder.
He’s not the one who got rid of appliances out of the store. He’s not the one who was discriminating against black employees at the corporate office. He’s not the one who sunk millions of wasted dollars into DivX. He’s not the one who fired all the people who knew stuff because they made too much money to replace them with no-nothings who made less…only to fire them because they made too much money and replace them with no-nothings who made even less. And yet none of the top brass fired themselves for making too much money.
The Mexican shareholder is not the one who downgraded the customer service or remodeled the stores over and over again. Why in the heck was the Laburnum Avenue store even opened, if Circuit City was in dire financial straits? Just because Best Buy opened a new store on Laburnum?
Poor business decision and lack of regard for their customers and employees is what brought Circuit City down. Blame Schoonover and Sharp and them for bringing down Circuit City, not the Mexican shareholder. Adios!
,,AHHH,,MAKE SURE ALL MONIES MADE BY MEXICAN OWNER GOES TO THE 1.3 BILLION $$ HE OWES,,AND LETS NOT FORGET THE RETIRMENT FUNDS,,UNEMPLOY INS,,MEDICAL INS,,,IN SHORT,,COURT ,,STOP THE RIP OFF OF US TAXPAYERS !!
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