High Def Forum
Thank you for visiting. This is our website archive. Please visit our main website by clicking the logo above.

Circuit City closing some stores

gosmosis
11-03-2008, 11:20 AM
http://news.yahoo.com/s/ap/20081103/ap_on_bi_ge/circuit_city_store_closings_11

Damn economy.

ah802
11-03-2008, 02:30 PM
Title should have read 20% of stores... not just some.

http://blogs.moneycentral.msn.com/topstocks/archive/2008/11/03/circuit-city-closing-20-of-stores.aspx

gossamer
11-03-2008, 03:03 PM
They just opened a brand new store here in the Bronx this past summer. And it's on the list for closing. Shame, since they did a nice job on the AV rooms. May go there this weekend and see if there are any bargains to be had.

Smthkd
11-03-2008, 04:06 PM
Dude this title is not even close to how terrible this is. Here in GA the local news is reporting ALL Circuit City's except 2 (one in Rural Rome, GA and the other in rural Columbus, GA) are closing. WTF!!!! Why would they leave the ones out there open instead of those near the larger cities. Also, most of the stores are already putting up signs that the stores will close beginning Nov. 4th!!!! :mad:

gosmosis
11-03-2008, 04:35 PM
Title should have read 20% of stores... not just some.

http://blogs.moneycentral.msn.com/topstocks/archive/2008/11/03/circuit-city-closing-20-of-stores.aspx

20% is some. Just a title man. I think everyone can read the link.

gosmosis
11-03-2008, 04:43 PM
Dude this title is not even close to how terrible this is. Here in GA the local news is reporting ALL Circuit City's except 2 (one in Rural Rome, GA and the other in rural Columbus, GA) are closing. WTF!!!! Why would they leave the ones out there open instead of those near the larger cities. Also, most of the stores are already putting up signs that the stores will close beginning Nov. 4th!!!! :mad:

I have not been made aware of any CC stores closing in my area - though I would not be surprised as the parking lot is always empty...been that way for years. BB has the monopoly around here.

mytime
11-03-2008, 04:44 PM
20% is some. Just a title man. I think everyone can read the link.

Come on gos, get it together! :lol:

gosmosis
11-03-2008, 06:52 PM
Come on gos, get it together! :lol:

I know mytime - I have a tendancy to be incompetent when starting new threads. My lack of precise detail has always got me in trouble. :lol:

Ruark
11-07-2008, 08:39 AM
Yep, CC is a sinking ship, and has been for quite some time. BB is running right over them, and doing fine. Thing is, I don't really see how. What is BB doing that CC isn't?

Ruark

pfh
11-07-2008, 11:33 AM
I can't imagine BB doing THAT well. And to think Block Buster was looking to purchase CC.

gosmosis
11-07-2008, 04:44 PM
Yep, CC is a sinking ship, and has been for quite some time. BB is running right over them, and doing fine. Thing is, I don't really see how. What is BB doing that CC isn't?

Ruark

In my area - BB has almost twice the product of most items. Also, in our local BB - the sales folks just seem much more friendly. In CC - you just get that uneasy feeling when you walk in. Can't put my finger on it.

gosmosis
11-07-2008, 04:46 PM
I can't imagine BB doing THAT well. And to think Block Buster was looking to purchase CC.

Regardless of economy, our BB parking lot is almost always full. Really. CC is right across the street with equally easy access.

Parking lot....empty.

ah802
11-10-2008, 08:51 AM
Closing stores wasn't enough...

Circuit City Stores Inc., the No. 2 electronics seller after Best Buy, filed for bankruptcy protection Monday, thus becoming the latest retailer hurt by a worsening economic downturn. It said it decided to file for bankruptcy protection because it was facing pressure from vendors who threatened to withhold products during the holiday season.

http://money.cnn.com/2008/11/10/news/companies/circuit_city/?postversion=2008111008

So much for those extended warranties.

rm00k
11-11-2008, 08:32 AM
As this Time article (http://www.time.com/time/business/article/0,8599,1858079,00.html?xid=rss-topstories)explains, it could be a good time for a deal at CC. But, as the article concludes, "Good luck finding a salesperson".

pfh
11-11-2008, 10:01 AM
I believe they secured a gov backed loan for a billion + as part of their reorganizing and to calm their creditors. They may come thru this ok or at least hold off a complete colapse while the country plods along in the digital tv transition. Downsizing until BB stumbles like Home Depot and allowed Lowes to regain market share could happen.
The new CC store that just opened in my home town 2 months ago is a whole lot different than the older stores. Much smaller and more focused on what products they sell. Basically just TVs, games and consoles, PCs, audio stuff, and a few cameras. It's like an oversized Radio Shack.

aed55
11-11-2008, 12:20 PM
As far as I'm concerned the local CC store where I live can close any time. There are 4 stores plus a Sears that sell TV's and other electonic products within a mile of each other, and I visited them all when I was shopping for my first HDTV. Of all these stores my experience at CC was the worst.

The salesperson lept on me as soon as I approached the TV section and even though I stated I was just looking and comparing, he stuck right beside me insisting that I tell him what type and size TV I was looking for. Figuring he was not going to give up, I explained that I thinking about an LCD 46", but had not decided which brand provided the best features and picture quality for the money.

He immediately steered me to the most expensive Sony 46" TV on display and started to explain how this was the only one to consider. I asked him about the many other similar models on display and he in so many words explained these were junk and the Sony was the only one to even consider. I asked him why if these TV's were so bad, why did CC even sell them. He dodged this question and proceeded to tell me about all the extra accessories
I would need to buy along with the TV. This included the most expensive set of HDMI cables and surge supressor strip on display and of course an overpriced protection plan that in his words was far superior to any other offered by the competiton. He even tried to sell me an overpriced stand and sound system even though I explained I already had both of these and was only shopping for a TV.

Needless to say, I made a hasty retreat toward the door and to top it off I was approached by what I believe was a floor manager and he proceeded to repeat the same rhetoric I had just received from the first guy. I finally left the store and vowed never to shop there again.

I know most of the sales people in these stores, except I believe BB, are on commission and thus have a financial incentive to sell to every customer that enters the store, but I never experienced a high pressure sales pitch like this at any other of their competitors.

I don't know if this common practice at all their stores, but it sure soured me from ever dealing with then again. A friend of mine works at Sears and he explained that if he was caught practicing this type of behavior with a customer, he would most likely be terminated.

aed55
11-16-2008, 05:11 AM
There is a guy named Clark Howard that I listen to on a local talk radio station where he gives advice to callers regarding various financial issues. He also has an excellent website that has a wealth of information for the consumer.

I did a search on his site, and found an article about CC, that may help explain why they are in trouble.

http://clarkhoward.com/liveweb/shownotes/2007/05/02/12188/

tvine2000
11-16-2008, 05:35 AM
There is a guy named Clark Howard that I listen to on a local talk radio station where he gives advice to callers regarding various financial issues. He also has an excellent website that has a wealth of information for the consumer.

I did a search on his site, and found an article about CC, that may help explain why they are in trouble.

http://clarkhoward.com/liveweb/shownotes/2007/05/02/12188/

i agree with clark,but the smaller bb's are just as bad,but at least bb has the geek guys etc.

i think another factor is the divx thing back in the 90's when sd dvd was beginning.i don't think people have forgotten cc was behind the whole thing.

another factor is until bd hardware stays or get lower in price and movies drop and prices stay long term online shopping is the way to go.but even that won't stop bb and cc charging high prices on bd movies and sd dvd!

a couple months back i picked up all 9 seasons of the x-files at walmart for 18.95 a pop!,no sales tax to boot.
those stores will find a way to keep dvd and bd at a lower price.
stores like bb & cc will keep chargeing dumb prices on there products
corp. greed is the issue here and in the end thats what will put cc& bestbuy 4 downs and out!

ah802
11-16-2008, 12:39 PM
Up here (Canada) when CC was 'Radio Shack' and offered individual components like resisters, capacitors and transistors... it was an experimenters journey into one of those stores that would often spark the geek. Some of those stores still maintain old stock, but no longer see it as anything important and in a day and age of integrated circuits, it might be true, but it's the grass roots that have loyalty. Radio Shack was bought by Tandy Leather craft... and then disaster followed as cheap import goods destroyed the need for DIY and handi-crafts.

This has all the overtones of the systemic issues facing north america.

Joe Las Vegas
11-20-2008, 07:09 AM
Any CC employee here that can keep us posted?

I wanna get a HTIB system from CC, should I get the extended warranty or not?
Is cc closing for sure or are they trying to keep up, make changes and stay open?
If they close, will they refund warranties?
Are there other companies that may take over CC?

aed55
11-20-2008, 11:43 AM
Any CC employee here that can keep us posted?

I wanna get a HTIB system from CC, should I get the extended warranty or not?
Is cc closing for sure or are they trying to keep up, make changes and stay open?
If they close, will they refund warranties?
Are there other companies that may take over CC?

I don't work for CC, but have read a number of articles about them and other companies that have declared or on the fringe of bankruptcy.

As far as extended warranties go, you need to see if the retailer provides the extended warranty themselves or goes through a third party. Don't know about CC, but have heard that it might not be a good idea to buy a new car until this whole government bailout deal with the big three is settled. You might be stuck with a brand new car with no warranty at all!

smitty5569
11-22-2008, 05:16 AM
Damn economy.

things will recover

Iain1974
11-22-2008, 06:47 PM
There is a guy named Clark Howard that I listen to on a local talk radio station where he gives advice to callers regarding various financial issues. He also has an excellent website that has a wealth of information for the consumer.

I did a search on his site, and found an article about CC, that may help explain why they are in trouble.

http://clarkhoward.com/liveweb/shownotes/2007/05/02/12188/

I used to listen to Clark a lot. He speaks distilled common sense.

Agree about the experienced salespeople. I seem to remember Home Depot did the same thing. That's why I go to Lowes.

I might stop by my local CC next week. Probably not Friday :) and see what they have.

mr.hidef
11-23-2008, 12:19 AM
I can't imagine BB doing THAT well. And to think Block Buster was looking to purchase CC.

From what I heard BB was talking about buying CC at one point. So was SEARS.....:D

jan8borest
11-23-2008, 05:34 PM
It seems to me that CC is closing because they just started expanding too much. We already had stores here, and they decided to build new buildings in the same area to close the older store. Seems a little silly to me.

gosmosis
11-23-2008, 06:20 PM
It seems to me that CC is closing because they just started expanding too much. We already had stores here, and they decided to build new buildings in the same area to close the older store. Seems a little silly to me.

Here is central IL. CC was doing 0% expansion. Their stores were small compared to BB. Never any changes.

firsTraveler
11-25-2008, 06:53 PM
I'm always surprised to hear that CC is still in business.

" From what I heard BB was talking about buying CC at one point. " - that would make sense, and with all the Walmarts and Costcos around the feds might even allow it.

aed55
11-26-2008, 01:48 PM
CC had a sales ad in last Sundays paper with some fairly good prices on a number of items. They had a Sony RW DVD player for a really good price, so I went there on Monday to pick one up. When I located the area where the DVD drives are located, the Sony unit was nowhere to be found, not even a space where they might have been if they were sold out. Seemed strange they were already out of an item that was advertised the day before, and there was no mention in the ad about having a limited quantity on hand.

I eventually found a salesperson who looked up the drive on his system and after 10 minutes of searching and head scratching, stated that they were out of stock on that item. He was willing to order it for me at the sale price, but could not guarantee if and when it would arrive. Since I didn't have to pay for it up front, I told him to go ahead and order it, but I'm not holding my breath.

tagprod
11-26-2008, 02:08 PM
As far as extended warranties go, you need to see if the retailer provides the extended warranty themselves or goes through a third party. Don't know about CC, but have heard that it might not be a good idea to buy a new car until this whole government bailout deal with the big three is settled. You might be stuck with a brand new car with no warranty at all!

It's probably been discussed but I think Extended Warranties are a bad deal for a couple of reasons:

1) the odds something will go wrong that will cost more to repair than the warranty costs are pretty slim - why else would they aggressively try to sell them?

2) the service that is rendered is sometimes lacking. This is where I would be leery about buying one from CC - if they handle the claims themselves. They would be more concerned about the bottom line than to take care of the customer like you KNOW the salesman told the customer on the sales floor. I wouldn't be comfortable buying a warranty if a 3rd party was involved. What incentive do they have to keep you happy?

They're just a bad deal all the way around.

gosmosis
11-26-2008, 02:23 PM
CC had a sales ad in last Sundays paper with some fairly good prices on a number of items. They had a Sony RW DVD player for a really good price, so I went there on Monday to pick one up. When I located the area where the DVD drives are located, the Sony unit was nowhere to be found, not even a space where they might have been if they were sold out. Seemed strange they were already out of an item that was advertised the day before, and there was no mention in the ad about having a limited quantity on hand.

I eventually found a salesperson who looked up the drive on his system and after 10 minutes of searching and head scratching, stated that they were out of stock on that item. He was willing to order it for me at the sale price, but could not guarantee if and when it would arrive. Since I didn't have to pay for it up front, I told him to go ahead and order it, but I'm not holding my breath.

BINGO!! That is how CC operates. What little business I've done there was with the same outcome. I'd look online...identify a new add for an LCD with super price. Rush to CC store only to find they don't have it in stock. Horrible way to run a business IMO.

JohninTenn
11-26-2008, 02:35 PM
Just get 500+ Onkyo amp and Infinity speakers. I got 5 speakers off of ebay for $300 and the sub from a pawn shop for $80. Sounds like a million. I have a friend that spen God know what on a bose deal and it blows the bose away...

tagprod
11-26-2008, 02:46 PM
BINGO!! That is how CC operates. What little business I've done there was with the same outcome. I'd look online...identify a new add for an LCD with super price. Rush to CC store only to find they don't have it in stock. Horrible way to run a business IMO.

those are supposed to be "nail down" items. Every store gets one and they nail it to the floor so it can't be sold...