Circuit City to be liquidated, 35K out of jobs

[Godhumor]

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[Selatius]

1. I guess the liquidators won in the bidding war over Circuit City's remains.

There were other firms that were bidding to buy the firm and keep it running, but I guess they lost out.

[lpbk2713]

2. Sorry for the hourly paid employees

But I'm sure the top brass have their offshore accounts to get them by.

[alcibiades_mystery]

3. Ouch

It was only a matter of time, but still.

[Godhumor]

4. Yeah, there was desperate last ditch hope for a big holiday season

It just wasn't good enough to sweeten the pot for legit buyers over liquidators.

[snooper2]

5. One shitty chain down- Home Depot left to go

Hopefully the employees will find more lucrative jobs

[Godhumor]

6. Yeah, Home Depot and Circuit City's laying-off long-term employees really sucked

Nothing like blemishing your public reputation and removing the only knowledgeable people from stores to hire part-time minimum wage people with nothing invested in helping the consumers or the company.

[Nevilledog]

7. I wonder what that will do to those of us with extended warranty coverage.

We bought some electronic equipment from them last summer and paid extra for a 2 year replacement warranty. The warranty, as we recently found out, is crap in the extreme. If you have a problem with the item they will give you an IN STORE credit for the amount of the purchase and it voids the rest of the two year warranty. They will let you buy ANOTHER warranty on what you purchase with the in store credit, but you have to purchase it. It's an obscene scam in my mind. We have been dealing directly with the manufacturer and they have been wonderful, but they only have a one year warranty so after that I'd have to deal with Circuit City.

Hard lesson to learn I guess.

[customerserviceguy]

11. I've never ever regretted

NOT buying an extended warranty. Yes, you learned a hard lesson, thanks for sharing it with the rest of us.

[RB TexLa]

8. Best Buy said that was their number one goal this Christmas season

[doc03]

13. Best Buy is not a best buy

I just bought a new TV and Best Buy had the highest prices of anyone.

[Godhumor]

9. From the sounds of it, I would expect an almost "Black Friday" among consumers

When the initial store-wide markdowns are announced. TVs, game systems, home theater, etc all marked down is going to make for an interesting end to the company.

[customerserviceguy]

12. We had a CC go belly up near me a couple of months ago

and the good stuff was gone quickly.

[doc03]

10. I'm happy I didn't buy my new TV from them

I was afraid that would happen.