Set your alarm clocks! According to the article linked below from CNN, Circuit City will begin a liquidation sale at all of its remaining stores Saturday.Circuit City to shut down
Circuit City has been slowly spiraling the drain for a few years, and previously attempted to close some stores to cut costs. Well, the bankruptcy has hit the end of the road as Circuit City has asked to close its doors on March 31.
I have to say that for me, Best Buy has completely surpassed Circuit City, so I rarely shop there any more. I did buy my Blu-ray player there in November, because they got them weeks before anyone else. Man, I did love the sales environment. They were the last big store where you could walk in and "make a deal" with the salesman. You could buy a TV and a receiver, and he'd throw in speakers for free. That's an employee who works on commission in action! That would NEVER happen at Best Buy.
If anyone is considering any electronic purchases, Saturday is the day! I for one will be heading to my local Circuit City at 10am on Saturday. I'll probably buy a crapload of Blu-rays of they are a good deal. I know how these liquidation sales go. Get the good stuff quick, and it will then be 2 months of total crap on the shelves.
3 comments:
Ok - putting on my consumer protection attorney hat for a moment. (But not giving you leagal advice because I am not your attorney).
See the following bits I've pasted from one of our office's press releases in Nov. Some rules are only Ohio applicable, but other tips apply anywhere.
Although advertised going-out-of-business sales, final liquidation sales, or “everything-must-go” sales, carry a sense of urgency and suggest rock-bottom prices, consumers should remember the risks involved with these sales. Most sales are final and returns may not be accepted. You may want to reconsider before purchasing final sale merchandise.
By law, “distress” sales must be limited to a stated period of time, 45 days in Ohio, though an extension to 90 days may be permitted. While many cities require a license for such a sale, each township or municipality is governed by its own ordinances.
Consumers that have a gift card for a retailer that is going out of business should redeem it as soon as possible. Gift cards purchased before a business files bankruptcy should be accepted. However, bankruptcy courts have authority to add restrictions.
Other things consumers should be on the lookout for include:
• False or misleading price comparisons. Items may be advertised half off, but half off of what? The original price may have been inflated to make it sound like more of a bargain than it actually is.
• Warranties. Since the business no longer will be there, where will a consumer take the product for service? Can it be repaired at another facility or a service center?
• Quality of merchandise. By law, the sellers cannot bring in merchandise that they did not routinely carry.
Oh, and remember paying with a credit card offers protections that debit cards, checks, and cash do not have.
Stepping off my soapbox now.
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I doubt you're going to get rock bottom prices. I wouldn't be surprised if they increased prices and then let everyone think they are getting a good deal. They could get away with that by simply calling it liquidation sale or the like. Before you buy, be sure to peel back the "sale" tag and see what the original price was!
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