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Adios Circuit City


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#1 Mr. Roboto

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Posted 17 January 2009 - 02:59 AM

Judge approves Circuit City liquidation plan By MICHAEL FELBERBAUM and VINNEE TONG, AP Business Writers Friday, January 16, 2009 (01-16) 11:48 PST NEW YORK, (AP) -- A bankruptcy judge says Circuit City Stores Inc. can liquidate its remaining 567 U.S. stores. Circuit City needed approval from U.S. Bankruptcy Judge Kevin Huennekens (HIN-a-kins) to begin to put itself out of business. It sought a buyout deal, but one could not be reached. The nation's second-biggest consumer electronics retailer says it will lay off more than 30,000 workers and begin close-out sales on Saturday. Richmond, Va.-based Circuit City filed for Chapter 11 protection in November. Its Canadian unit is still negotiating for a possible takeover.
"It was like I was in high school again, but fatter."

#2 cousin it

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Posted 17 January 2009 - 03:27 AM

Damn! That sucks. This thing is going to get bad.

#3 Mr. Roboto

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Posted 17 January 2009 - 12:06 PM

I read an article in local paper the other day about all the restaurants going belly up. Some being resold for 30 cents on the dollar and still thought to be over priced. Big chains like Benigans etc.
"It was like I was in high school again, but fatter."

#4 One Way Ticket

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Posted 17 January 2009 - 12:36 PM

I was just at my local C.C. and I could hardly find a parking place, they had everything marked down, was gonna buy some blu-rays for a pretty good price but decided against standing in that line, the only line I stand in that liong is the beer line!!! :)
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#5 Mr. Roboto

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Posted 17 January 2009 - 12:57 PM

I never hit the big box stores. Although I did visit Best Buy not long ago for one or two things...
"It was like I was in high school again, but fatter."

#6 Timothy

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Posted 17 January 2009 - 01:26 PM

CC got what the deserve.... I wonder if my store ban is still good???

#7 Mr. Roboto

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Posted 17 January 2009 - 01:28 PM

You bought deodorant at Circuit City?
"It was like I was in high school again, but fatter."

#8 Timothy

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Posted 17 January 2009 - 01:29 PM

maybe.

#9 Macker

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Posted 17 January 2009 - 02:02 PM

I went there with there big going out of biz sales and the prices were still higher than other places. They couldn't or wouldn't match another store so...I bought elsewhere.
You never ask a navy man if he'll have another drink, because it's nobody's goddamned business how much he's had already.

#10 Mr. Roboto

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Posted 17 January 2009 - 02:05 PM

Stupid shit like that is probably why they are going out of business in the first place. I mean...negative cash flow (assuming it's negative) is still cash flow. Not moving product is just stupid. But I guess they didn't give a shit? What do I know.
"It was like I was in high school again, but fatter."

#11 Kujo

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Posted 17 January 2009 - 11:52 PM

The two Circuit Citys near me are over priced, and lacking in selection. Good riddance.

#12 LISA

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Posted 18 January 2009 - 01:28 PM

whats a Circuit City?

#13 Mr. Roboto

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Posted 18 January 2009 - 01:45 PM

Big Box retailer here in the states.
"It was like I was in high school again, but fatter."

#14 LISA

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Posted 18 January 2009 - 01:46 PM

ahh...I was just flustered cuz I saw Kujo post..I'm ok now.

#15 Mr. Roboto

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Posted 18 January 2009 - 01:50 PM

Fashionable late.
"It was like I was in high school again, but fatter."




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