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Old 01-23-2009, 12:56 AM
 
654 posts, read 1,322,713 times
Reputation: 1044

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(While this isn't especially specific to Las Vegas, it's come up with so many people I know here that I'm posting it to help the group at large ...)

A number of people have recently mentioned to me about going to Circuit City because they heard they were liquidating & expected great deals.

In a word, don't do it. Most of the stuff they have is more expensive than Fry's, Best Buy or another retailer. Right now, most things are discounted 10% from MSRP, which is likely more expensive than most stores. The liquidation company resets all the prices to MSRP, then gradually increases discounts until everything's gone (or wholesaled to somewhere else). Here's a good overview of how these things operate.


YouTube - Going-Out-of-Business Sales Not Such a Bargain

If you really want to go to Circuit City, go ahead - just be careful not to buy things just cuz they're part of a 'liquidation' sale. I stopped in briefly, knowing I was unlikely to buy anything unless I was 'wowed'. I wasn't. However, I was shocked how many people were buying like crazy, thinking they were getting a good deal - when the same item could be had for less at Fry's Electronics (or one of numerous other stores), with a return policy & everything! (One example - I bought a 100 pack of DVD-R recordable discs for $9 on Black Friday - they were going for $49.95 less 10% at Circuit City & selling left & right.) If you're really careful, you might find some deals, but keep in mind you're giving up return privileges & a lot of subtle things. Is it worth the risk to save 10% off MSRP, especially if you're actually paying 20% more than somewhere else?

Others more familiar with the local economy are welcome to provide additional insight. Circuit City was the impetus for this post, but the concept's not unique to them. For example, there's a furniture store near Oakey & Decatur (north of Sahara) that I have a feeling has had a 'going out of business' liquidation sale for years & years now. Anyone?

At any rate, caveat emptor, everyone. Good deals can always be found if you know where to look for value, though you don't have to get huge discounts. (One of my favorite 'values' are the 3 lb bag of Tortilla Strips w/sea salt at Costco - at regular price, don't need additional discount.)
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Old 01-23-2009, 01:13 AM
 
Location: South Strip, NV --> Philly (Fall 2009)
2,404 posts, read 10,685,477 times
Reputation: 637
furniture stores constantly have going out of business sales...
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Old 01-23-2009, 05:27 PM
 
Location: Las Vegas, Nevada
12,686 posts, read 36,349,256 times
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Not possible. Back in the 60's it was a scam. There would be a "Going out of business sale" and all they would do is change their name and be back in business in the same location. Then there was a law passed that requires them to get a license for the sale, and then actually go out of business. The license for a going out of business sale should be clearly posted in the store.
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Old 01-23-2009, 05:39 PM
 
Location: NorCal and Vegas!
269 posts, read 976,846 times
Reputation: 123
Totally agree! I went by there last week and everything was way over priced.

Here is a printed version of the story above:

Beware
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