• On ZDNet: Why I Will never buy a Mac
November 6, 2008 8:59 AM PST

Let the liquidation begin: Circuit City starts sales at closing locations

by Joshua Goldman
(Credit: Circuit City Stores/Richard Cadan Photography)

I have never been a fan of Circuit City, so I wasn't exactly broken up when it announced it was closing 155 locations. (I mean, I don't want people to lose their jobs, but I've never had a good experience shopping at "the City.") However, with those closings comes inventory liquidations on home and office electronics at 154 locations (PDF) with discounts up to 30 percent.

Like most inventory clearance sales, though, I wouldn't expect to walk in and find 30 percent off that digital camera, home theater, or HDTV you've been eying. And actually, while I was writing this, CNET Reviews' Editor in Chief Scott Ard confirmed that the deep discounts just aren't there (at least in the Dublin, Calif., store).

He said prices were only down 10 percent on most merch, with DVDs and CDs down 20 percent, and 5 percent off laptops. This was after the prices were brought up to MSRP, mind you. What's worse is that by taking the discount the item is yours to keep--no refunds, no exchanges.

If you live near one of the closing stores it might be worth a look-see as the sales grind on toward the holidays, as rumor has it that the bigger price drops are still to come. But again, I wouldn't get your hopes too high for a big-ticket item at a bargain price.

Josh Goldman is a senior editor for CNET Reviews, covering digital cameras, camcorders, and related accoutrements. His ego is too big for this little box. E-mail Josh.
Recent posts from Crave
iPhone 3GS jailbreak, 'purplera1n,' hits Web
Apple patents point to haptics, fingerprints, RFID
Friday Poll: We the ppl--imagining a digital 1776
Gadgettes 144: The Childhood Nostalgia Episode
Duet D8 is no iPhone clone
Rocking out with stereo Bluetooth
Indecent Exposure 53: Inundation expressed
TracFone offers $45 unlimited plan
Add a Comment (Log in or register) Showing 1 of 3 pages (47 Comments)
by Konfuzed November 6, 2008 9:36 AM PST
They are also moving merchandice. At the Marlow Heights store in MD this has already happened.
Reply to this comment
by liq2 November 6, 2008 9:44 AM PST
Let's not get too carried away, i was at a closing yesterday and the savings were very minor, 5% on laptops, 10% on everything else. Going to be a few weeks before we see any savings that bring their prices close to what can be found at online retailers.
Reply to this comment
by mad1111 November 6, 2008 9:47 AM PST
What do you mean "moving merchandise"?

I'm looking for a good priced Desktop Computer...hopefully i'll be able to find one for a good price.
Reply to this comment
by jakebala November 6, 2008 11:16 AM PST
moving merchandise means that they're basically taking all the good stuff that usually sells. aka - nice flat panel tv's, etc. and move them to stores that are not going out of business. this is pretty easy for a company like circuit city b/c they usually have their own trucks that deliver merchandise daily.

they are basically just trying to get as much money for their merchandise as possible and marking down items that sell for full price at a more popular store does not make them money
by tek-ed November 6, 2008 10:16 AM PST
@mad1111,
Don't hold your breath to get Circuit City to come down in price to match online prices for computers...
If you don't mind a refurb, check out geeks.com. you can usually get a decent machine for under $300. Or check out Dell's "dent and scratch" and get a nice dell for 2/3rds the price of a new one.
Ed
web/gadget guru
Reply to this comment
by oassaf November 6, 2008 11:04 AM PST
By moving merchandise, it simply means that they are taking good stock, (newer models of anything) and moving them to stores that will be staying open. Only leaving old/discontinued merchandise in those stores
Reply to this comment
by CNTSTPDRMN November 6, 2008 12:21 PM PST
I just heard that ALL STORES will have to close due to them not receiving their bank financing... sounds like really bad news this time of year, what a shame to the consumer.
Reply to this comment
by angryshortguy November 6, 2008 12:27 PM PST
CC is pulling a fast one.
They're marking up prices and then showing a so-called discount.
I checked the Tivo HD player (TCD652160).
CC shows a price of $340.99 with a $41.00 savings to get to $300.
The MSRP on these are $300!
Stay away from this scam of an inventory clearance sale.
Reply to this comment
by ofmyony November 7, 2008 5:48 PM PST
They are definitely trying some deceptive marketing. Soon they will drastically drop prices but right now they are lining their pockets because they need cash desperately. Don't go by their claims just know what you want to pay and wait the price will get their soon.

I bought a printer from CC about 2 months ago for $50 now it is selling for nearly $80 so beware and be concerned about warranties.
by grimmster515 November 6, 2008 12:38 PM PST
there is a CC TV outlet by me and their prices usually always compete with online prices, albeit they are usually refurbs or open boxes they are still pretty good deals and the products work fine. I'm talking like $300-$400 off store prices for the big TV's, they also have some laptops cameras and a full selection of Home Theater equipment. so if they drop the prices just 10% that makes these deals even better. I'm excited to see where this goes, they may just raise the prices and then drop them down to what the deals used to be
Reply to this comment
by ofmyony November 6, 2008 2:39 PM PST
One of the best salesman I have ever met works at CC. The location Liberty Mo
Reply to this comment
by thesplintercell November 6, 2008 3:32 PM PST
i waltzed in to one of these stores the day it reopened (yesterday, nov. 5) to find that i can still get the TV i was shopping for (Panasonic TH-46PZ85U) for several hundred dollars less at another retailer with free white glove delivery and no sales tax. to add insult to injury, there's another CC that is not closing, they have that exact same model for 300 LESS than the CC that's closing ! talk about logistics.

the prices i saw on everything were really something to laugh at......
Reply to this comment
by solitare_pax November 6, 2008 4:05 PM PST
Big deal - none are closing anywhere near my location - and with their rep, they'll hype the going out of business fliers, leave their prices high, and unload a ton of defective goods no one can return.
Reply to this comment
by XTweeter November 6, 2008 5:13 PM PST
Tweeter is having a SERIOUS liquidation, don't waste your time with CC, they can just redistribute the inventory to other stores, Tweeter is shutting down for good and SELLING EVERYTHING!!! You want a good deal, go to Tweeter! Mostly HIGH END speakers and amps will be still in stock at the best prices you will ever find them.
AJ 0231
Reply to this comment
by ARosey November 6, 2008 8:02 PM PST
Went to CC tonight to see if I could find a good deal on a camera. Canon SD870IS for $250, -10% for it being a floor model...but it didn't come with a battery nor an AC adapter.

I'll go to the local Best Buy and get a new one for the same price it would take to get a "clearance deal".
Reply to this comment
by craigfaircloth November 6, 2008 8:03 PM PST
Circuit City is done. This is only the beginning of what BestBuy has done to the former king of retail tech. Circuit City will have to completely redo their business model and find new markets to survive. I don't think they have it in them.
Reply to this comment
by greenfrogthing77 November 6, 2008 8:59 PM PST
Come to Fort Wayne Indiana, and what you'll find is that Circuit City is the best electronics store we actually have. The Best Buy treats people like crap, and sells refurbished merchandise as new...So I'm glad out local store is staying open, and I don't think it's such a bad thing that under-performing stores are being closed down for good, but let's not pretend that out electronics stores are somehow God-like and have obtained perfection.
Reply to this comment
by MountainEarth November 6, 2008 10:41 PM PST
Ah it'll pretty much all end up on Woot anyway.
Reply to this comment
by pepperpup November 7, 2008 5:54 AM PST
Be care about "liquidations". Retail chains typically outsource their liquidations to third parties who bid for and buy up inventory at one or more B/M (brick & mortar) locations. They then staff the location with their own people, mark-up the prices while also showing a mark-downed discount to leave you with the impression that the item is below retail. They'll even stock the location with merchandise they couldn't sell at the previous liquidation they ran. So, unless you wait to until close to the last day of the liquidation before they close the doors to buy something that's in low demand and hard to move (e.g. a sofa), it's probably better to visit eBay for the best deals on what you really want.
Reply to this comment
by hotmail123 November 7, 2008 6:08 AM PST
With CompUSA gone & now Circuit City...., BestBuy will monopolize the market (forget about Walmart & Costco, the things they sell are hopelessly old & bottom-of-the-line models).
Reply to this comment
by schizomaja November 7, 2008 6:12 AM PST
I used to love CC, but they have the worst customer service...
Reply to this comment
by lobo65 November 7, 2008 6:28 AM PST
Bah. I buy my electronics from Amazon, Crutchfield, or J&R Music. Good service, and no hassles to buy a useless warranty, or ridiculously overpriced cables.
Reply to this comment
Showing 1 of 3 pages (47 Comments)
advertisement

About Crave

The name says it all. Crave is our blog about gorgeous gadgets and other crushworthy stuff. If you would like to contact Crave with a tip or comment, please write to: crave@cnet.com

Add this feed to your online news reader

Crave topics

Making sense of Windows 7 upgrades

faq The basics and the fine print on Microsoft's options for those eyeing the next operating system from Redmond.
• Full Windows 7 coverage

Road Trip 2009: Big Sky Country

CNET News reporter Daniel Terdiman takes his car full of gadgets to the Rockies and the Great Plains in search of tech, science, nature, and more.
• America's Fortress: Cheyenne Mountain

Inside CNET News

Scroll Left Scroll Right