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Old 01-16-2009, 12:48 PM
 
277 posts, read 581,059 times
Reputation: 223

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Circuit City closing all remaining stores....

Circuit City seeking to liquidate - Jan. 16, 2009
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Old 01-16-2009, 12:52 PM
 
Location: CLT native
4,280 posts, read 10,050,079 times
Reputation: 2270
And from CC website:

Circuit City - Circuit City Stores, Inc. to Liquidate (http://newsroom.circuitcity.com/releasedetail.cfm?ReleaseID=359619 - broken link)
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Old 01-16-2009, 01:05 PM
 
Location: Huntersville
1,852 posts, read 4,673,167 times
Reputation: 525
Geez, I wish I had the extra money to buy "things" right now..
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Old 01-16-2009, 01:13 PM
 
Location: Ayrsley
4,714 posts, read 8,474,162 times
Reputation: 3814
I'm surprised they lasted as long as they did.
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Old 01-16-2009, 01:16 PM
 
Location: Some got six month some got one solid. But me and my buddies all got lifetime here
4,551 posts, read 9,285,037 times
Reputation: 2121
No doubt the economy played a part but they've been weakening themselves for years. I'm surprised they lasted this long as well.
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Old 01-16-2009, 01:18 PM
 
2,560 posts, read 6,076,087 times
Reputation: 1062
Quote:
Originally Posted by Whytewulf View Post
Geez, I wish I had the extra money to buy "things" right now..
No kidding, I want to switch out my electric stove and oven to gas, I hate cooking on electric.

Add 30,000 more to the unemployement numbers.
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Old 01-16-2009, 01:19 PM
 
Location: Weddington
333 posts, read 682,374 times
Reputation: 225
Sad to say, but they deserve to go. But I feel sorry for the 30K in people without a job.
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Old 01-16-2009, 01:23 PM
 
Location: Wouldn't you like to know?
9,114 posts, read 15,667,962 times
Reputation: 3695
Quote:
Originally Posted by nascarnancy View Post

Add 30,000 more to the unemployement numbers.
Don't be so sure. If those people were working part time, they won't "count" because they won't collect unemployment insurance...

See how accurate Govco's numbers are?

But, then again, you'll still have some people on here who say "don't worry, there's still 92% of the population working".
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Old 01-16-2009, 01:28 PM
 
Location: CLT native
4,280 posts, read 10,050,079 times
Reputation: 2270
Quote:
Originally Posted by CouponJack View Post
Don't be so sure. If those people were working part time, they won't "count" because they won't collect unemployment insurance...
Correct.
If Wal-Mart closed tomorrow (or nearly all big-box stores) it would hardly show a ripple in the unemployment numbers.
Corporate offices have full time people, but in the retail locations, most are part-time only.

But know that we are doing this to ourselves.
We each vote with our dollars and where we shop.
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Old 01-16-2009, 01:28 PM
Status: "North of Palm Trees, South of High Taxes" (set 4 days ago)
 
Location: Noth Caccalacca
5,589 posts, read 6,689,295 times
Reputation: 4882
It's a shame that they are going under, but not really surprising. I would shop there only for "sale" items that I needed quickly. Their "regular" prices weren't always that good. I've found it to be a good deal cheaper to buy my major electronic purchases over the internet. Their biggest rival, Best Buy, is not in the best financial shape, either. The B&M electronics stores are losing the retail wars in a big way. I wouldn't be surprised to see a year from now, Best Buy ending up the same way. I just feel sorry for all those employees, but I suspect they knew it was coming. This is just another casualty, joining Lafayette Radio, Crazy Eddie's, The Wiz, Egghead and others into electronics oblivion.
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