Gadgets
Circuit City Edges Even Closer to Doom
Posted by Matt Buchanan at 8:00 AM on October 10, 2008
Yes, my friends, it looks like the death spasms are might be kicking in for Circuit City—it's definitely twitching in any case. Fresh off losing $US239 million and watching its stock plunge below 50 cents a share, a firm that advises on manufacturers on whether or not to ship their wares to retailers has just yanked its recommendation for Circuit City. In other words, they don't think Circuit City can pay for the merch. It may very well be seeing CompUSA in retailer heaven soon (before being re-animated like a zombie). [WaPo via Consumerist]

Comments (AU Comments · US Comments)
Lonny Paul
Posted October 11, 2008 2:50 AM
CompUSA is alive and well, not residing in heaven. Check out the All-New CompUSA with 17 stores in Florida, Texas and Puerto Rico.
Trey Baker
Posted October 13, 2008 4:38 PM
I've actually been to a few of those All New stores and they suck even worse than Tiger Direct used to all on its own. Zombie doesn't even begin to describe it. Obviously you work for Compusa as your post sounds like a company approved press release. As a never to be fooled again customer, I beg to differ. Maybe the horrid state of the economy will finally put a stake thru the heart of your terrible retail monstrosity and let it rest in peace once and for all.
shamoononon has a hebetudinous dog
Posted 9:18 AM 10/10/08
@OMG! Ponies!: Ha ha, I was just pricing GM vehicles, I may run over and grab me one.
shamoononon has a hebetudinous dog
Cordfucious v 2.0.1
Posted 9:17 AM 10/10/08
@OMG! Ponies!: that sir gave me a real life LOL
Cordfucious v 2.0.1
phoenix27
Posted 9:17 AM 10/10/08
@Rabid Penguin: Sad but true.
phoenix27
OMG! Ponies!
Posted 9:15 AM 10/10/08
@Jrsy is the dude, playing the dude, disguised as another du...: Save your money.
If it's stock you're looking for, McDonald's has Ford stock on the Dollar Menu. Head on down to Subway to get a share of GM for the same price as a Spicy Italian footlong (cheese extra).
OMG! Ponies!
Earthslide
Posted 9:13 AM 10/10/08
@soulfinger: Price match or steal it. Simple.
Earthslide
Jrsy is the dude, playing the dude, disguised as another dude
Posted 9:11 AM 10/10/08
Less than 50 cents a share! Wow, now I can finally buy some CC stock...
Jrsy is the dude, playing the dude, disguised as another dude
Kaiser-Machead's LEGO WALL-E
Posted 9:10 AM 10/10/08
@Rabid Penguin: Yeah. Their executives could use a vacation :P XD
Kaiser-Machead's LEGO WALL-E
soulfinger
Posted 9:08 AM 10/10/08
I never buy anything there anymore. Seriously Circuit City, can't you see everyone else is lowering Bluray disk prices well under the $35 per disk you are asking.
I walk in, see the price, and walk out.
soulfinger
Rabid Penguin
Posted 9:07 AM 10/10/08
CC should just start handing out tons of loans on their computer equipment. Push the loans CC, and maybe the government will bail you out.
Rabid Penguin
urbanturban666
Posted 9:03 AM 10/10/08
wonder who will take over radio shack after ccity dies...
urbanturban666
OMG! Ponies!
Posted 9:03 AM 10/10/08
Maybe CC will be back. I remember way back when I managed a Software Etc. getting the memo that our suppliers had cancelled orders. The company went into Chapter 11, was liquidated, and came back a few years later as GameStop.
OMG! Ponies!
shamoononon has a hebetudinous dog
Posted 9:35 AM 10/10/08
@Cordfucious v 2.0.1: Sadly, soon you will also be able to purchase my 401k on there.
shamoononon has a hebetudinous dog
ceilingFANBOY
Posted 9:34 AM 10/10/08
Hmm, perhaps this is the perfect time to be preparing to buy a new TV.
ceilingFANBOY
deadhouseplantz
Posted 9:33 AM 10/10/08
@DisposableInterloper: Circuit City couldn't compete in a seeing contest against Stevie Wonder. Spend a little less capital on refurnishing your stores, and spend it on hiring staff who weren't fired from Best Buy. The comedy here is, our Circuit City is located across the street from where The Good Guys! was. You would think they would learn from their mistakes, but no.
deadhouseplantz
Mr.DuckSauce
Posted 9:30 AM 10/10/08
Hope my CC around me is getting closed so I can buy computer parts from them on the cheap.
Mr.DuckSauce
DisposableInterloper
Posted 9:25 AM 10/10/08
Places like Circuit City can't compete against the likes of NewEgg. It's only going to get worse for them as time goes on, and better for the consumer.
DisposableInterloper
Grifter
Posted 10:01 AM 10/10/08
BonGeek I suggest you wait 2 months and spend it when it's actually worth something!
Grifter
BonGeek
Posted 9:48 AM 10/10/08
I have $250 Gift Card of CC! what should I do?
BonGeek
larrybags
Posted 10:18 AM 10/10/08
So I take it I should call in on my warranty from my TV tomorrow? Whats going to happen when they go under? Am I just screwed?
larrybags
discounteggroll
Posted 10:17 AM 10/10/08
are they gonna have to start paying for their deliveries COD instead of being invoiced?
discounteggroll
newgalactic
Posted 10:17 AM 10/10/08
Samsung LN46A650
[www.amazon.com]
Amazon = 1579.98 + Free Shipping
[www.circuitcity.com]
CC = 1799.99 + $75 for shipping
No surprise here
newgalactic
apeguero
Posted 10:15 AM 10/10/08
As if time wasn't bad enough for them, they just opened a new store a month ago right across the way from a Best Buy. Really now. I can see why they're going under. If you can't even keep your balance sheets anywhere near the black then why the hell would you open up new stores and right across from your biggest competitor? Good luck CC. Even though I don't frequent you, you are needed in order to keep BB as close to humble as possible.
apeguero
Ephemera
Posted 10:11 AM 10/10/08
Who else is ready for the "everything MUST GO!" sale? $100 computers here I come.
Ephemera
apeguero
Posted 10:10 AM 10/10/08
@urbanturban666: Radio Shack is the Obama of the tech retailers in that no shit sticks to it. Radio Shack will be around even when the roaches die off.
apeguero
purple-pillows
Posted 10:38 AM 10/10/08
@ceilingFANBOY: yeah but will cc even being selling any decent tvs buy the time they have their closing sale... not if suppliers arent selling to them
purple-pillows
bitgod
Posted 11:01 AM 10/10/08
Hate to see them go. I'm always a fan of competition, and frankly once in a while they'll have something that I can't find at another place. This'll mean I don't have to pay my CC card, right? ;)
bitgod
Jrsy is the dude, playing the dude, disguised as another dude
Posted 10:58 AM 10/10/08
@larrybags: Start praying. One of my coworkers took his big screen in to CC for repairs over a month ago. One of the main reasons for the delay in getting it back to him is that they've somehow managed to lose the TV... That's right they lost a 42" TV. Good work guys.
Jrsy is the dude, playing the dude, disguised as another dude
jwaller
Posted 10:55 AM 10/10/08
I won't be sorry to see them go. They treated me like dirt a few years ago.
jwaller
ripfire
Posted 10:51 AM 10/10/08
@BonGeek: Wait for clearance sale.
ripfire
DMC-Man
Posted 11:07 AM 10/10/08
@BonGeek: If it's like CompUSA, wait until they actually start closing, and buy all the stuff you want for 25%+ off.
DMC-Man
DMC-Man
Posted 11:05 AM 10/10/08
@soulfinger: Circuit City is actually good to go to buy a new computer. It's rare that you'd find a good computer there for less t han other people are asking, but it still happens on occasion.
DMC-Man
scarbrtj
Posted 11:34 AM 10/10/08
I used to think CC was the only place to shop for tech. Then, you have a few bad experiences (clueless help, they don't have what you want, etc.), and top it off with a 15% restocking fee on a camera return a few years back, and then you get me:
Mr. Dedicated non-Cicuit City Shopper.
scarbrtj
FrankenPC
Posted 12:00 PM 10/10/08
Death rattle shakes.
FrankenPC
pwnz0r
Posted 11:54 AM 10/10/08
I bought a home theater system from them recently. It was DOA so I replaced it the next day without any problems. And price was lower than the lowest price I could find online. I also bought a DLP TV from them last year. I seriously don't know where I'll be buying all my non-shippable electronics anymore. Best Buy, maybe, but their prices are usually higher.
pwnz0r
mr30gZune
Posted 11:54 AM 10/10/08
Any word on upcoming fire sales?
mr30gZune
mikeyy
Posted 12:20 PM 10/10/08
circuit city needs to die for one reason...
FIREDOG.
mikeyy
ceilingFANBOY
Posted 12:26 PM 10/10/08
@bitgod: Nah, they'll probably sell off your credit card debt so instead of having to pay the card to CC you will have to pay it off to a different company.
ceilingFANBOY
Pwnage
Posted 12:51 PM 10/10/08
@mikeyy:
YOU ARE SOOOO WRONG! I GOT AN IPOD STEREO INSTALLED IN MY CAR FROM FIREDOG, FOR FREE!
I would NOT have been able to do that on my own!
Circuit City does need to die, but not cuz of Firedog!
Pwnage
OldPunk
Posted 2:09 PM 10/10/08
I would be sorry to see CC closing, they have very competitive prices (often better than BestBuy), and I returned many purchases to them without any problems or restocking fees (including camera, PS2, computer equipment, etc.).
THEY ALSO HAVE GREAT DEALS ON BLACK FRIDAY!!!
Sure, I buy from NewEgg and Amazon as crazy, but CC often has good prices on some things, even better than Newegg sometimes (this is true!).
A lot depends on the store you are buying from, some are better, some treat you worse. The CC store I was buying from was always good to me.
OldPunk
NotHellTempest
Posted 2:28 PM 10/10/08
@OMG! Ponies!: And just think, you could have sabotaged that shit infested company before it was born...
NotHellTempest
roker
Posted 2:22 PM 10/10/08
unemployment line, here I come!
roker
OMG! Ponies!
Posted 3:16 PM 10/10/08
@NotHellTempest: What makes you think that somehow games and televisions didn't make it back to warehouse?
OMG! Ponies!
Jason R
Posted 3:38 PM 10/10/08
@BonGeek: If CC goes bankrupt, your gift card will be bankrupt, too. Better use that ASAP.
Jason R
Jason R
Posted 3:37 PM 10/10/08
@newgalactic:
BB is even higher $1849.99
Jason R
Jason R
Posted 3:36 PM 10/10/08
It is amazing how many people rip on Circuit City when Best Buy really is no different and in many cases has HIGHER prices.
Don't think that any local B&M will have prices similar to online stores. NewEgg/Amazon need one/few warehouses. Best Buy needs hundreds of stores, employees in each, inventory in each, etc.
Competition is good, and if BB is left as the only one, they'll charge as they wish.
Jason R
Parkington
Posted 4:57 PM 10/10/08
I expect much savings on their deaths.
Parkington
trailingedge
Posted 4:48 PM 10/10/08
its a curse...where I'm at CC opened taking the space where CompUSA use to be... karma?
trailingedge
Kevin337
Posted 1:21 AM 11/10/08
Best Buy should jump on this. Give them a real low ball number.
Kevin337
logie
Posted 3:13 AM 11/10/08
I can't wait to never have to hear their ads again!
logie
Rob
Posted 5:43 AM 11/10/08
They were going fine until they announced that they were going to move in next door to Best Buy in key locations and kick their ass (in so many words).
I remember them making a big deal out of their black and white ads and how it saved money which turned into consumer savings... All this while you look at a black and white add which shows a tv that's $40 less at Best Buy and in color... :P
Rob
PHermas
Posted 6:05 AM 11/10/08
@Mr.DuckSauce: Word!
PHermas
latterman
Posted 9:44 AM 10/10/08
Good Riddance I say! I never understood Circuit City's business model. Ok, lets build our stores directly across the street from an existing Best Buy. Now, make sure the layout is crappy and confusing, and don't bother to train the salespeople. People will just come, look at all the business best buy has! We can even charge more than they do and still make money!
latterman
wildfire759
Posted 8:30 PM 11/10/08
Nooo...! Circuit City must live! I love the Source by Circuit City...they always have such great sale prices... :(
wildfire759