Circuit City closing 155 stores, leaving 12 markets - Page 3

Mustang · 01-16-2009, 09:13 PM

Quote:

Originally Posted by rowech

So what kind of deals do you think we're going to see with this?

I'd imagine tomorrow everything will be jacked back up to MSRP and then discounted 10% to start.

It'll be a freakin madhouse there tomorrow though I'd expect.

stevew · 01-16-2009, 11:38 PM

Unless something dramatic happens I suspect that we will have a similar thread about Sears closing within the next 2 years. Its always been about selling the service contracts and such but in the past six or so months its gotten out of hand.

All that matters anymore is signing people up for credit and pushing warranties. Without the contracts they would rather not sell merchandise, even in higher mark up areas like appliances and tools. There are less and less employees around, basically every day is bare bone staffing. The customer service has really fallen off. And to top it all off, it seems as if the on hand stock levels are embarrasingly low. And sales just continue to drop.

sterlingice · 01-18-2009, 01:27 PM

Quote:

Originally Posted by stevew

Unless something dramatic happens I suspect that we will have a similar thread about Sears closing within the next 2 years. Its always been about selling the service contracts and such but in the past six or so months its gotten out of hand.

All that matters anymore is signing people up for credit and pushing warranties. Without the contracts they would rather not sell merchandise, even in higher mark up areas like appliances and tools. There are less and less employees around, basically every day is bare bone staffing. The customer service has really fallen off. And to top it all off, it seems as if the on hand stock levels are embarrasingly low. And sales just continue to drop.

And that's going to take KMart with it since they're all one "big, happy" family now...

CC closing is going to hurt Richmond quite a bit since they're the corporate HQ.

SI

henry296 · 01-18-2009, 01:45 PM

Drove by CC yesterday and they advertised 30% off outside. Did not have a chance to go in.

dervack · 01-18-2009, 02:34 PM

It's only 30% off furniture.

sterlingice · 01-19-2009, 02:10 PM

The discounts I saw were 30% off accessories for most stuff (all the Wiimotes are long gone, tho, for instance), 20% off movies and digital picture frames, and pretty much everything else at 10%.

SI

MikeVic · 01-19-2009, 02:14 PM

Quote:

Originally Posted by stevew

Unless something dramatic happens I suspect that we will have a similar thread about Sears closing within the next 2 years. Its always been about selling the service contracts and such but in the past six or so months its gotten out of hand.

All that matters anymore is signing people up for credit and pushing warranties. Without the contracts they would rather not sell merchandise, even in higher mark up areas like appliances and tools. There are less and less employees around, basically every day is bare bone staffing. The customer service has really fallen off. And to top it all off, it seems as if the on hand stock levels are embarrasingly low. And sales just continue to drop.

Better use my $70 credit there soon.

MikeVic · 01-19-2009, 02:15 PM

With CC going blah, does that mean The Source is as well?

Maple Leafs · 01-19-2009, 02:50 PM

Quote:

Originally Posted by MikeVic

With CC going blah, does that mean The Source is as well?

My understanding is that they're still profitable and will probably be sold off.

gstelmack · 01-19-2009, 02:52 PM

Quote:

Originally Posted by sterlingice

The discounts I saw were 30% off accessories for most stuff (all the Wiimotes are long gone, tho, for instance), 20% off movies and digital picture frames, and pretty much everything else at 10%.

SI

Yeah, 10% off most stuff. Need to wait a few weeks before heading down there methinks...

Mota · 01-19-2009, 06:36 PM

Quote:

Originally Posted by MikeVic

With CC going blah, does that mean The Source is as well?

Bids are still going for the Source. It's actually a separate company called Intertan that CC owns. They are also profitable in Canada. Most likely they will be bought out and continue to operate as is, not sure if the name would have to change though. I think the official deadline for bids is this Friday so we'll see shortly.

Tasan · 01-19-2009, 07:06 PM

I believe with a lot of the name brand stuff like Nintendo, Dell and HP they can get credit back on returns. So when sales prices fall below that point, they simply get credited back. I'd imagine they actually sold very few Wiimotes and such.

01-18-2009, 01:45 PM	#104
henry296 College Starter Join Date: Oct 2000 Location: Pittsburgh, PA	Drove by CC yesterday and they advertised 30% off outside. Did not have a chance to go in. __________________ "It's a great day for hockey" - "Badger" Bob Johnson

01-18-2009, 02:34 PM	#105
dervack College Prospect Join Date: Jun 2005	It's only 30% off furniture. __________________ Semi-updated with my ramblings. Semi. But more recently, updated lots. Please check it out and let me know what you think The Year That Wasn't: My Chicago Cubs 2003 Replay Blog

01-19-2009, 02:10 PM	#106
sterlingice Hall Of Famer Join Date: Apr 2002 Location: Back in Houston!	The discounts I saw were 30% off accessories for most stuff (all the Wiimotes are long gone, tho, for instance), 20% off movies and digital picture frames, and pretty much everything else at 10%. SI __________________ Houston Hippopotami, III.3: 20th Anniversary Thread - All former HT players are encouraged to check it out! Janos: "Only America could produce an imbecile of your caliber!" Freakazoid: "That's because we make lots of things better than other people!"

01-19-2009, 07:06 PM	#112
Tasan College Starter Join Date: Feb 2001 Location: Houston, or there about	I believe with a lot of the name brand stuff like Nintendo, Dell and HP they can get credit back on returns. So when sales prices fall below that point, they simply get credited back. I'd imagine they actually sold very few Wiimotes and such. __________________ 2011 Golden Scribes winner for best Interactive Dynasty Last edited by Tasan : 01-19-2009 at 07:07 PM.

01-16-2009, 11:38 PM	#102
stevew Hall Of Famer Join Date: Dec 2003 Location: the yo'	Unless something dramatic happens I suspect that we will have a similar thread about Sears closing within the next 2 years. Its always been about selling the service contracts and such but in the past six or so months its gotten out of hand. All that matters anymore is signing people up for credit and pushing warranties. Without the contracts they would rather not sell merchandise, even in higher mark up areas like appliances and tools. There are less and less employees around, basically every day is bare bone staffing. The customer service has really fallen off. And to top it all off, it seems as if the on hand stock levels are embarrasingly low. And sales just continue to drop.

01-19-2009, 02:15 PM	#108
MikeVic Head Coach Join Date: Mar 2003 Location: Hometown of Canada	With CC going blah, does that mean The Source is as well?

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