Zaphoid
Decatur,#2UPDATE EX-employee responds
Tue, March 10, 2009
This is in response to Laurie. I can't believe I have to say this again, but here goes: When Circuit City announced it was closing, all their stores' merchandise and (non-vender-owned) fixtures were sold to liquidation companies. The liquidators then mark everything to full MSRP, and take the discount off the top of that. The idea is to move merchandise, but at the same time stay as profitable as possible for as long as possible. In the first days of the liquidation sale, the discount is small (generally 10-30%). You can find better deals on many items in the weekly ads of competitors. However, as the weeks go on, the discount goes up. In the final days of the two stores I closed, the discount went to 80%, then 90% and finally 95% off. After that, we used "anything you can fit into a shopping basket is $10, etc, until all merchandise was gone. None of this "shipping to or from other failing companies" hobgob that you're talking about. EVERYTHING is sold. Yes, we got shipments from other Circuit Cities that were in poor locations and weren't selling as quickly as anticipated. After the merchandise is sold, the store stays open for about another week while shelves and fixtures (the safe, stockpicker, cables, security camera system, etc) are sold. THAT is how liquidations work. Anything else you may have heard is rubbish.
Laurie
Haslet,#3Consumer Comment
Fri, February 27, 2009
They have been telling people that GOING OUT OF BUSINESS SALES ARE A CROCK FOR SOMETIME NOW They bring inventory from other un-related stores as well. Whatever they could not sell from other un-related Going out of Business Sales. YES THEY MARK IT UP THE POINT IS TO MAKE MONEY - NOT CLEAR INVENTORY What ever Circuit City is not able to get rid of with their bogus sale will end up at some other businesses going out of business sale in a few months
D K
Jacksonville,#4Consumer Suggestion
Fri, February 27, 2009
From what I have read on numerous other posts about Circuit City most/all stores are using a Liquidating Co to sell off the rest of the merchandise, NOT actual Circuit City employees. Your statement that you are glad they folded is selfish and ignorant. I only hope you get to experience the same hardships that Circuit City employees are experiencing now. THAT"S called karma.
Norm Al
St. Louis,#5UPDATE Employee
Fri, February 27, 2009
There are many employess who have served you and others like you all over the US/Canada. Many of us have families, children, insurance (not after March) and bills...JUST LIKE YOU! Don't ever belittle the good folks who because of corporate greed and stupidity, have to start over. Don't ask me when is your product is going to be cheaper or when is your last day in business. I might tell something you might not want to hear! By going to get your "deal" you have lowered yourself to the same level of the scumfilled fools that are giving the hard working and dedicated employees of Circuit City a bad reputation.