Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
What a great start for 2009. Circuit City joined Goody's today in announcing all their stores will be closing. Circuit City will be closing all remaining stores and 34,000 Circuit City employees will be out of a job.
What a great start for 2009. Circuit City joined Goody's today in announcing all their stores will be closing. Circuit City will be closing all remaining stores and 34,000 Circuit City employees will be out of a job.
Gee, guess that idea of firing your experienced (higher paid) employees in favor of inexperienced (cheaper) hires didn't work so well. Instead of trying to save pennies on the bottom, the better idea would have been to shave off the top end first where the waste usually is.
I heard that Dillards might be going out of business. This site also talks about malls that will close in the near future. Labelscar: The Retail History Blog
I guess if you have a few extra bucks, this would be a great time to look for a liquidation sale near you.
It IS hard to imagine what all these people, and the employees of the other chains closing, are going to do for income. It is certainly going to be a rough time ahead of us. I think those of us who do have jobs should think about what we will be able to do to help out our family and friends who may find themselves out of work this year.
Be aware that sometimes the liquidations are handled by a different company, and the deals are not deals at all.
Exactly! The same company that handled the liquidation of Linens 'n Things is handling C.C. liquidation. That company put higher priced stickers over the LNT prices and claimed it was a "deal"
Gee, guess that idea of firing your experienced (higher paid) employees in favor of inexperienced (cheaper) hires didn't work so well. Instead of trying to save pennies on the bottom, the better idea would have been to shave off the top end first where the waste usually is.
AMEN, Bazzwell! That's EXACTLY why we stopped shopping at Curcuit City. Corporate America is SO disconnected from us Real Americans...
Another thing to keep in mind on these liquidation sales. My understanding of the normal way they do it is to put everything back up to suggested list and then mark down from there. For example, when National Record Mart was still in business the average price of a new cd release was around $12.99 based on a suggested list of $18.99, $6 off. When the liquidation began, all product was marked up to full list and the markdowns taken from there.
So, 10% off brought the price down to $17.10, still not back to the regular daily price. 20% off brought the price down to $15.20, still not back to the old price. 30% off the price came down to $13.30, close but still not there. Not until you hit the 40% mark did you really get a bargain in comparison to the old price arrangement.
By then, most of the "marks" (customers) would have snatched up the better stuff thinking they'd grabbed a bargain. By the time you were down to the 40% level, pickings were getting slim. All by design kids, your bargain may not really be all that much of a deal. Shop around and don't be fooled by the "BIG SALE" signs.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
