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Concerning the complaints on CC's prices, could the problem also be the latent gift cards that act as artificial money soaking up the merchandise? Since the mentality is "if you don't use it, you lose it", I imagine that prices would stay artificially high until this pool of cards is exhausted. Any observations of people in line using them frequently? Just a thought.
The comments in this thread are a perfect commentary on why Circuit City went out of business. High prices, gimmicks and not to good service. That will do it every time.
Sorry, wrong. First off, their prices were generally about the same as Best Buy's or comparable places. Second, show me a large retailer that doesn't use "gimmicks." Finally, the service thing is anecdotal and subjective, but personally I never noticed a diff between them and Best Buy overall. Very much a flip of the coin.
And even if all that were true, it isn't what put CC out of business. I doubt one could say it was any one thing, but the primary cause was very likely poor financial mgt (and mgt in general). Also their handling of inventory, IMO.
I thought most electronic retailers floorplanned their inventory. Therefore, the finance companies own the newer stock. So, I wouldn't expect deep discounts.
Here's the deal on Circuit City 'liquidation' this weekend: 30% off furniture, mobile accessories and Cables, 20% of dvd/CD and 10% off everything else.
The sales will be minimal because they've hired liquidation specialists. Those folks will sell the inventory in bulk to online retailers to turn a profit as opposed to trying to sell the items individually through the CC stores.
dvds 20% OFF?! LMAO .. you can get recent movies on dvd through amazon forunder 10$ SHIPPED. yea they are USED .. but i've never ran into a problem with anyone on amazon.com
HHgregg is accepting CC giftcards- but it has to be 20% of the purchase price or something like that- check the website. I never really thought of hhgregg as a good place to buy anything-especially since their salesmen are reeally pushy, but last week I purchased a 46" TOC 7 series Samsung - $2000 tv for $1649!! ( best buy has it on sale this week for $1800 and it's back to $2000 in hhgregg)I wanted the 650 series, was sold out and wat able to talk them into selling me the next model up for $100 more. Makes me wonder- how much do they really have in these tv's?
Sorry, wrong. First off, their prices were generally about the same as Best Buy's or comparable places. Second, show me a large retailer that doesn't use "gimmicks." Finally, the service thing is anecdotal and subjective, but personally I never noticed a diff between them and Best Buy overall. Very much a flip of the coin.
And even if all that were true, it isn't what put CC out of business. I doubt one could say it was any one thing, but the primary cause was very likely poor financial mgt (and mgt in general). Also their handling of inventory, IMO.
Three or four years ago CC fired all its senior staff in an effort to cut costs, and yes, service did suffer - CC never shook the bad service rep from that.
Fwiw, HH Gregg has 20% off sales running now compared to 10% at CC, and if you look online its prices are better than CC, and i don't even think the liquidation company bought CC yet.
People love to buy into hype.
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