Circuit City Offers Discount Dignity

By Jane McEntegart, published on March 9, 2009 at 7:30 AM
Source: Tom's Guide US | Keywords: , , , , | Themes: Business
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These are tough times we’re living in and while not a day goes by without hearing about a friend or friend of a friend who’s lost his or her job, it’s nice to see that the Circuit City staff are in high spirits in light of last week’s news.

Circuit City announced that it would be closing its stores permanently on March 8, making this past weekend customers’ last chance to grab that last clear-out sale item. Gizmodo yesterday posted a picture of a poster taken at Circuit City store. The poster in he window was supposed to show some of the in-store offers but instead advertised dignity at 0.2 percent off and Linoleum at 2000 percent off. Check out the original picture below.

Yesterday’s events represent a slightly earlier-than-expected closing date. Liquidation sales of Circuit City’s $1.7 billion in inventory started on January 17 and was expected to last eight weeks.

“Thanks to record shopper turnout at many of the store locations and the attractive discounts offered on all merchandise, the sales actually went quicker than we expected,” noted Scott Carpenter, executive VP for Great American Group, which has been overseeing all the sales activity as part of a joint venture group.

However, judging from your comments last week, you guys didn’t really get many great deals from CC. Were there any changes over the weekend? Let us know!

(via Gizmodo)

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Comments

AndrewMD 03/09/2009 1:44 PM
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There were some deals, but in these economic times, I could not justify picking up multiple equipments and such to resale...

I did however do this a few years ago when CompUSA went the way of the wind...

eklipz330 03/09/2009 2:14 PM
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..they probably marked up that linoleum by 3000% before cutting the price by 2000%

Anonymous 03/09/2009 2:30 PM
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Still most tings online where lower or = price to what they where selling marked down if they where actually lower then buying it online it was all gone by the 3rd week for people willing just to knock off the sales tax to be sold.

Anonymous 03/09/2009 2:37 PM
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I live very close to cc and i went in there almost evry other day, i was interested in buying a tv even towards the last day most of the prices were higher or about $100 off an open box. My local store Bernie's were willing to meet or beat the prices cc were offering, so ended up buying a brand new tv that i wanted $50 cheaper than cc. I don't think cc lost any money selling their merchandise, it was a scam from the begining to the end.

AdamB5000 03/09/2009 2:57 PM
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I saw some open box 50" 1080p Panasonic Plasmas for $1k on 3/7. The boxed version did not have a price and I didn't ask as I wasn't going to buy one. Those were the only tvs left.

wikiwikiwhat 03/09/2009 3:01 PM
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I bought the VisionTek ATI Radeon 4850 for $119 in December at my local CC when it was one of the few that was closing down. Would have bought another one but they didn't have it.

met_quota 03/09/2009 3:20 PM
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Grabed a few items at 30% off, just to realize later that their discount equals to regular amazon prices. CC won't be missed, I got some CDs nobody wanted at 80%, about $4 for a cd.

jsloan 03/09/2009 3:55 PM
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i'm sad to see cc go away, the more the merrier, more competition, choice, ect.

but i've read that the discounts were not all that great, if at all. basically they marked up the price to list and then discounted a little from that.

Anonymous 03/09/2009 4:17 PM
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The First few weeks i sadly bought 2 items that were marked 25% off.. but later discovered they were marked up 35%.. thus i ended up paying 10% more than what i could of payed for from Wal-Mart,Best Buy, or GameStop. They were very slick about Highlighting the terms on the Receipt claiming items purchased can not be returned.... they didnt say that but they made sure they marked it for me to find later when i digged through the bag to look at my not so saving. GG at not having my new BBerry with Net on me to check prices on the fly. :(

BUT this week i & a few others picked up some $50 PC games for $15-25.

Always research what your going to purchase before looking at the flashy % off's.

ggb667 03/09/2009 4:31 PM
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A friend bought a TV, it was broken, no returns!

dark_lord69 03/09/2009 4:33 PM
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I've never liked CC's high prices or the people that work there. They didn't know jack. One younger store rep tryed telling someone else that you can't tune in HD stations with an antenna. I knew he was wrong cause that's all I had at home and I watched the local news in HD everynight. I wouldn't believe their "knowledgable" staff as far as I can throw them... But on the other hand you can't trust any store to know what you need. They are just trained to sell and read the features on the box for you. For Radio Shack their motto used to be "You've got questions, we've got answers." I used to joke and say "I've got questions they can't answer." Circuit City will NOT be missed by me. And no, I did not know that it would be closed this weekend so I didn't go. If you wanted to find a good price on something Circuit City was NOT the place to go.
Try these:
www.pricewatch.com
www.ebay.com
www.walmart.com
www.newegg.com

Anonymous 03/09/2009 4:35 PM
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Blessedman 03/09/2009 4:45 PM
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Same old tactics they used when they were actually doing business as usual. I for one am glad to see another mismanaged company go away. Companies that don't adapt to their economic environment should fail. I hate that we lose competition in the electronic market, but honestly they were rarely in competition with others. Their motto was "our prices may be higher then most, but the lies our salesman tell are superior to others".

waikano 03/09/2009 4:48 PM
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I am thinking the Shirt off Matt's Back was a tempting deal....Would have really liked Megan's DS, but needed a discount.

kentlowt 03/09/2009 5:04 PM
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I bought a NAS drive there. It wasn't a spectacular deal but, I was in need and couldn't wait for one to be shipped. I never saw any prices that were irresistible.

HolyCrusader 03/09/2009 5:07 PM
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Although I haven't been a fan of CC for years, I did I visit the nearby CC a couple times before they closed. I was very unimpressed with not only their lack of sales, but the general lack of integrity of the liquidators. They had a Lenovo Laptop with a broken screen they were selling for only $10 off and would refuse to take anything lower. They were knowingly trying to sell, for full price, games like Tabuala Rasa and Hellgate London that are now effectively unsellable (especially TR that closed it's servers at the end of February).

Not to mention associates trying to whitewash me into buying a TV... I forgot which brand it was, but they were trying to say how good of a TV it was, when everything I'd read about the brand was the opposite.

No... I'm not sad at all that CC is leaving. While competition is always good, I don't think any serious electronics store considered them to be that much of a threat, with their hither prices, low selection, and overall

tayb 03/09/2009 5:23 PM
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Hopefully other stores outside the Austin area were discounting the merchandise much more than they were here. I couldn't people the people actually buying this crap off the shelves. Looking around for half an hour the only thing I found that I couldn't buy cheaper elsewhere, and usually substantially cheaper, was blank DVD's. I bought 100 DVD-R for $7.

I was completely astonished to see people jumping at these TV's that were open box, beat up, and more expensive than the brand new sets at Fry's, Newegg, Amazon, or Best Buy. People had literally NO CLUE that they weren't getting a good deal they just simply saw the "sticker price" and then saw the discounted price and jumped on it. The fact that the fire sale went FASTER THAN EXPECTED is very sad for the average consumers because it all but proves just how stupid and gullible they are.

TwoDigital 03/09/2009 5:47 PM
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Even during the liquidation sales, the prices at my local Circuit City were still higher than at the 'yellow tag' store next door and the 'ultimate' store just down the block.

I'm thinking that may be one of the reasons they are no longer open while the other two are... That and policies like trying to get people to buy "Divx" DVD players (pay-per-view, not the DivX encoding format) instead of standard DVDs and other such silliness in the past.

m3kt3k 03/09/2009 5:48 PM
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I wonder how much Megan was herself. I have to give them credit that was funny and good for them for having a laff in the end. Its harder to laff then cry yet they did.

Anonymous 03/09/2009 6:14 PM
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It's too bad that people lost their jobs, but its not a surprise to see this happen. Whenever i'd go into Circuit City, Best Buy, etc.. the 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: http://www.zingsale.com

Mach5Motorsport 03/09/2009 6:45 PM
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Where's our favorite CC staff hack to tell us how wrong we are?

A Stoner 03/09/2009 6:55 PM
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I went in, and found that their 50% off price for a Western Digital drive was still 25% higher than what I could buy it for from NewEgg... my wife got an inexpensive PSP game though, and I picked up some floppy disks.

NuclearShadow 03/09/2009 7:27 PM
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I bought their dignity but when I opened the box there was nothing in there! :-(

hellwig 03/09/2009 7:35 PM
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During the early part of the sale, all the good stuff was still too expensive (ended up buying only cheap DVDs).

I went in again over the weekend, got myself a USB battery pack for my phone (its a battery pack with a USB port). Thing was normally $50, got it for $15 (bought 2 actually).

The only other stuff left were miscellaneous cables, power plugs, etc.. from all the in-store displays and lots of display-items (missing cables, power plugs, etc...). Even things like shelf-stocking ladders and hand-carts had been sold.

I have to wonder if the employees hadn't already grabbed the last good stuff to take home for themselves, I know I would have.

Anonymous 03/09/2009 8:16 PM
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I was able to get a 25' Coaxial cable and a 5 way cable splitter, so I could hook my computer to the cable so I could watch tv, and it only cost me $4. Those kinds of cable splitters are generally $20-$50 (depends where ya go) and that kind of cable would have regularly been about $20-$30. I'd say for $4, I got a hell of a deal.

snarfsnarf 03/09/2009 9:01 PM
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Really all you guys that are talking about how expensive circuit city really must have never shopped there before. I was a manager for circuit city a few years ago and we carried more tvs than best buy did and we consistently had the same or better prices than best buy. Yeah we were more expensive than online sites but any brick and mortar store is going to be higher than online retailers. Also circuit city has no control over any prices or policies right now they are all being controlled by "great american closeout" or whatever the company is called. And last every store that ever closes out does the exact same thing (mark their products to regular price and then take a % off). my friends that still work there were cracking up because everything in the store was cheaper in the sale ad that was supposed to go out on the 1st week of closeout.

Marcus Yam 03/09/2009 9:32 PM
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Being from Canada, I wonder what happens to "The Source" stores, many of which were formerly Radio Shack. The Source is owned by Circuit City -- in fact the full name of the store is called "The Source by Circuit City." That said, that stores themselves aren't really anything special when there's a Future Shop or Best Buy nearby.

kal326 03/09/2009 9:43 PM
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Superblahman123 :
I was able to get a 25' Coaxial cable and a 5 way cable splitter, so I could hook my computer to the cable so I could watch tv, and it only cost me $4. Those kinds of cable splitters are generally $20-$50 (depends where ya go) and that kind of cable would have regularly been about $20-$30. I'd say for $4, I got a hell of a deal.


Where the hell are you buying splitters for $20-$50, I need to setup a show there. Even 4 way 2.4Ghz Sat splitters should be under $20. 5-900Mhz 2 ways are $4 top even in retail. And $20-$30 for 25' of coax, did you buy the Monster Cable coax? RG6 50' with ends is $11-12

starryman 03/09/2009 10:28 PM
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Discounts... whatever! I liked CC and was rooting for them prior to the liquidation sales. Once they started their discount liquidation sales, quickly I realized it was all bogus. I've gone several times to their closing stores and noticed the same old trick... raise the sticker price and then discount. In almost all cases including out-of-box items, the discount price wasn't any better than Amazon or Newegg regular prices including shipping. Not only are they out of business... they are out of business morals too. Good riddance... now I know why you are bankrupt.

wikiwikiwhat 03/09/2009 10:41 PM
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You really got to do your homework before any purchase where ever you go or whatever way you shop.

Anonymous 03/09/2009 11:14 PM
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Anyone know if CC (The Source) in Canada to close anytime soon?

And if they going to offer liquidation sale?


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