Circuit City and Liquidations
As you probably know, Circuit City is closing all of their Atlanta locations and is declaring bankruptcy. They are liquidating their inventories with signs of up to 30% off as of the other day. I don’t think this is any great shakes. Their sales are being run by Hilco Trading, a restructuring firm; it’s not even 100% Circuit City’s original inventory since Hilco will bring in their own products. Imagine buying something that isn’t even a true Circuit City product. Plus, those discounts are up to 30% off the original list price of the product. Sometimes, this discounted price is not better than Circuit City’s (or Best Buy, Walmart, Target, Costco etc) regular price. Also, I have a rule that I don’t buy from a place that won’t be there to back up their product if there’s an issue separate from having to fight with the manufacturer. The next ones to go, I predict, is Borders and/or Barnes and Noble.


