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Circuit City Goes Bankrupt, Files for Chapter 11 Protection

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Kaiser-Machead
11/10/08

In reply to Circuit City Goes Bankrupt, Files for Chapter 11 Protection
I still think it's weird to be thrilled about a store we don't like closing down. It's almost as if their reps come into your house, steal your cc's and send a lot of useless shit to your doorstep without your permission.
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P3nnst8r
11/10/08

In reply to Circuit City Goes Bankrupt, Files for Chapter 11 Protection
Looks like this Circuit just shorted out.
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whiteknight89 still plays DiabloII
11/10/08

@P3nnst8r: Practicing your superhero lines?
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P3nnst8r
11/10/08

@whiteknight89: Whenever possible.
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VideoVampire
11/10/08

In reply to Circuit City Goes Bankrupt, Files for Chapter 11 Protection
If they had hired just one person with even a modicum of knowledge and a lot less attitude thay might still be in business, but I guess those people wont work for minimum wage.
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IN THE FACE!
11/10/08

@VideoVampire: Yes, the douchebaggery of those 16-21y/o sales people (is gen-y what we are calling them now?) is clearly to blame for CC's downfall.

The weird thing is that I'm honestly not sure if I am being sarcastic or not...
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Ibelieveinsandwitches
11/10/08

In reply to Circuit City Goes Bankrupt, Files for Chapter 11 Protection
To think... an entire city, gone overnight.

One day a bustling urban community, The next, wiped clean from the earth without a trace. We must be vigilant in the time ahead. For the power that caused one city to fall may strike again, and if we are not wary we may be left with nothing...

... but Walmarts
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IN THE FACE!
11/10/08

@Ibelieveinsandwitches: So... Do we need to kill a giant worm or something?

/Shaky GoW2 reference...
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Dr. H. F. Danger
11/10/08

In reply to Circuit City Goes Bankrupt, Files for Chapter 11 Protection
Sucks for them dudes

now can I have wii games for supercheap?
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DucatiGuy
11/10/08

In reply to Circuit City Goes Bankrupt, Files for Chapter 11 Protection
Sad, but anyone who's shopped at CC in the past 5 years had to see this coming! Maybe it's just the ones in and around the NY tri-state area, but they nothing but degenerates working for them.
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IN THE FACE!
11/10/08

@DucatiGuy: Yeah their stores were dirty, and I swear 50% of the sales people at the one by my parent's place were high-as-fcuk every single time I went in there.

I have been calling it "Circuit Bodega" for years...
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bms
11/10/08

In reply to Circuit City Goes Bankrupt, Files for Chapter 11 Protection
This should be a wake up call to all retail stores. You need to shift focus to your online presence and close your retail locations. There is too much overhead in retail stores to remain competitive.
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Mayor McRib
11/10/08

@bms:

Ummmmmm. NO.

It doesn't make sense to focus on online sales. What makes you think that you are going to compete with online retailers such as Amazon? Your greatest asset if you are Best Buy/Circuit City is that you can walk into the store and get it. WalMart is killing them though. Online presence isn't going to fix anything. And the fact that 0% interest credit will be harder to get will put the nail in the coffin, many shoppers stuck with Best Buy/Circuit City because they had credit through them. When that dries up they will absolutely be history.

The good thing for Circuit City about going into bankruptcy protection is that the Government backs their assets. Meaning Sony can sell to them freely because the government will be backing their line of credit. It's there only hope.
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IN THE FACE!
11/10/08

@Mayor McRib: Yeah but they need to focus more on the high volume of sales items and only stock a couple units for everything else...

The one thing that I did like about CC was that you could order something from their website and even if they didn't have it in their nearest store, they could get it there in a day or two for free then you could just go in and pick it up. Faster than mail-order, cheaper than mail-order and local pickup.

But to reiterate that was the ONLY thing I liked about CC...
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Vroomtrap
11/10/08

In reply to Circuit City Goes Bankrupt, Files for Chapter 11 Protection
There are gonna be some great deals at CC on Black Friday.
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IN THE FACE!
11/10/08

@Joseph: Yeah, but you will need armor and a stun gun to get to them safely...

And most of their stores are already dead from what I have heard, the one by my parents place is already shut-down.
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Serolf Divad
11/10/08

In reply to Circuit City Goes Bankrupt, Files for Chapter 11 Protection
Bye, bye CompUsa. Bye, bye Circuit City. Who's next? Let's see if Best Buy can compete against WalMart. Already specialty retailers like ToysRus have started teetering due to WalMart's encroaching inventory. And my local WalMart recently did a large makeover on itself, reorganizing the Electronics department to look more like a mini electronics retailer.
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Vroomtrap
11/10/08

@Serolf Divad: Is Wally World really the cause for all of these tech stores dying?
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IN THE FACE!
11/10/08

@Joseph:

6' HDMI Cable (Lowest price available for item on respective web site):

Wal-Mart= $12.88

Best Buy= $53.99

But even if you want to be a dip shit and overpay, Wal-Mart carries Monster cables too...
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TVGenius
11/10/08

In reply to Circuit City Goes Bankrupt, Files for Chapter 11 Protection
Yeah, so what. Airlines go bankrupt all the time. Give 'em six months, they'll be out. It's not liquidation, just protection from creditors and to keep inventory coming during their most important time of the year.
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Lite: hates Illinois Nazis
11/10/08

@TVGenius: I believe that's what people said about CompUSA... And if you want to keep product rolling in the doors of your warehouses and stores, you need to pay your vendors. I'm guessing they'll not be carrying HP or Samsung product much until they get paid.
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What The Geek
11/10/08

@TVGenius: They haven't been paying vendors, and I could buy all of their remaining stock with the money I have set aside for lunch this week. Theoretically, they COULD recover from this. Theoretically, I could shoot laser beams from my eyes. Neither is likely to happen.
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dip_cone
11/10/08

In reply to Circuit City Goes Bankrupt, Files for Chapter 11 Protection
I always forget they're in Canada. They bough all the failing Radio Shack stores and renamed them "The Source (by C.C)". The stores stayed pretty much the same except some new cabinets and branding. The fact that radio shack still survives in the States in fascinating to me.
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rjp: This is my rebuttal
11/10/08

@crycry: I was going to comment that RadioShack and CC should have merged to corner the market on incredibly overpriced goods. RadioShack-sized stores are about the right size for CC.
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Harlan
11/10/08

@rjp: OMG, I went to get a 1/8" audio cable to hook my MP3 player to the AUX port in the car, and they wanted $13 for a 3' cable!
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GitEmSteveDave_Isn'tFreshPerked
11/10/08

@Harlan: Try monoprice. If not, I have a 3' I'll sell you for $10. It has ions.
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OMG! Ponies!
11/10/08

In reply to Circuit City Goes Bankrupt, Files for Chapter 11 Protection
It's the end. Chapter 11 is liquidation; Chapter 7 is reorganization.
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