Circuit City files for bankruptcy protection - Yahoo! News
RICHMOND, Va. – Circuit City Stores Inc., the nation's second-biggest electronics retailer, filed for bankruptcy protection on Monday but plans to stay open for business as the busy holiday season approaches.
It said it decided to file for bankruptcy protection because it was facing pressure from vendors who threatened to withhold products during the holiday shopping period. The company also said it cut 700 more jobs at its headquarters, after announcing a week ago that it would close 20 percent of its stores and lay off thousands of workers.
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Regan21286 likes this.
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Yeesh. I know my store's not one of those that they're closing.
http://investor.circuitcity.com/announcement.cfmDonShula84 and Fin Fan In Cali like this. -
Thanks for the link bro. Three stores within a 40 mile distance from my house.:no:
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Ouch. The one closest to me has some horrible people working there. It's amazing it still gets some business.
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That many more people out of work locally is not gonna be good. I went to Best Buy today looking for a CD and on the door they had there Christmas decorations on, and it read "Happier Holidays" and I am like for who?:no:Regan21286 likes this.
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Well, certainly not surprised at the X-Mas decorations but maybe "Happier Holidays" isn't too applicable. I know I'm cutting down big on purchases even at Best Buy where I have a chunk of Rewardzone points left.
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Bro we are cutting my nieces and nephew card gift in half, and everyone else is getting just cards this year. With my wife the only one working we are going very small this year. We are not going to get each other anything.:wink2:
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Just make sure you get the dogs some raw hide. For real, in good times or bad, we here don't spend on each other either. We have eight nieces and nephews, so we are just going to try to match last year--not so sure tho. The little ones are easy :knucks:Fin Fan In Cali likes this.
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Same here. I'm giving friends and co-workers discount Starbucks gift cards.
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Surprised the Long Beach one isnt closing. It's surrounded by 3 Best Buys that are in the area and I hardly ever see anyone in there. Will have to look for deals next time in Thousand Oaks though, might be able to save a bit on xmas shopping.
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Yea, I'm not sure how they're making their decisions because some of the ones making business are being closed. Gotta be some good bargains coming up.
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This sucks...
Their 40 off 200 coupon has literrally made my life better ROFL
Seriously, that thing has helped me afford junk that my wife would've otherwise said 'NO' to.
I really hope that they can hold on as Best Buy, although I have nothing against them, blows when it comes to getting things cheap compared to CC.
Oh course, that depends on several factors but for me at least I buy there more than Best Buy unless I have reward zone $$$ saved up. -
Same here, I don't usually go to Best Buy unless they have something CC doesn't have, BB has open merchandise on sale, something exclusive, or I've got Reward Zone points. I love getting price matches at CC especially for games. Knocks a $59.99 price down to $38.
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Yeah exactly!
Like for example...
I had a CC around me here that in '06 had a store coupon (only worked for that CC unfortunately) that was 5 bucks off of any game over 30...
I bought a ton of games there that otherwise I wouldnt of bought because they let me combine it with the 40 off 200.
Now granted....I am sure that the coupons might hurt there profits some but I dont think its that. I just think its that Best Buy really pushes advertising full throttle and people just follow that path instead of actually getting their hands on the deals that CC offers.
During any Phins game on TV, I'll see maybe one CC ad the entire game while I am sure to see BB ad every other commercial block.