Items tagged with Circuit City
It's baaaaaack! Barely two months after Circuit City, a long standing icon in the world of consumer electronics, shut its doors for goods, the doors are back open...online, anyway. After the bankrupt company was forced to liquidate everything, Systemax -- the same company responsible for sites such as TigerDirect.com and the revival of CompUSA...
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It appears that Circuit City’s liquidation sales have been successful. So successful, in fact, that the stores are running out of inventory sooner than expected. As a result, liquidators have announced that all of the chain’s remaining stores will close this Sunday. The shutdowns come about a week ahead of schedule, and two weeks earlier than...
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After filing for bankruptcy protection in November, Circuit City was hopeful that it would be able to reorganize and reemerge. Now, only a day after the company held an auction that was suppose to be the retailer’s last chance to survive bankruptcy as an intact, though smaller chain, the company announced it has hired four liquidators to sell...
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America’s third largest electronics retailer with 721 stores in the U.S. and 770 in Canada, has petitioned for Chapter 11 protection in U.S. Bankruptcy Court in Richmond. After losing money in five of the last six quarters and announcing last week it would close 155 stores, Circuit City is seeking bankruptcy protection amidst fears that it...
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If you are thinking of taking advantage of Circuit City's closing of 155 retail store locations to score a sweet deal on a new HDTV, the folks over at HD Guru warn that not only are deals not to be had, but that you might actually wind up paying more for it and potentially taking home a lemon. HD Guru visited a Circuit City in Massapequa,...
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A number of rumors were circulating around the web on Sunday, with more than one site saying that on Monday Circuit City will be announcing the closure of 155 stores around the nation. It's just another bad news item for the struggling retailer, which according to a form filed with the SEC Thursday, has been warned by the NYSE that its stock...
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Blockbuster is offering to buy Circuit City. They made the offer privately in February, and made it publicly today; a defacto appeal to Circuit City shareholders to pressure the board to sell. If you were on the Lusitania, would you accept a ride on the Titanic? Circuit City is struggling, Blockbuster still has rental-movie money...
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Some retailers have been offering credits or trade-ins for returns of HD-DVD players, but you always need to buy a new Blu-ray player in exchange. Circuit City is going them one better, extending its 30-day return policy to 90 days for HD-DVD players.Circuit City Stores Inc. is getting on the Blu-ray digital video format bandwagon by tripling...
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DailyTech is reporting that Circuit City is cutting back its workforce by about 3400 "overpaid" workers. Employees terminated in these cutbacks will get four weeks severance pay plus they can reapply for their old jobs at a lower wage after 10 weeks. Hopefully this won't have a negative impact on the level of customer...
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