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Circuit City

Circuit City files for bankruptcy, 567 prepare for liquidation sales

January 16th, 2009

…and over 35,000 folks prepare to start searching for a new job. So sad. This latest bit of bad news comes after Circuit City’s lengthy, and apparently fruitless, search for a buyer. The company has been trying to sell its assets for quite some time now. It seems, however, that faced with a ticking clock …

Best Buy and Circuit City begin Cyber Monday deals

November 30th, 2008

Black Friday is behind us now, thankfully, but that doesn’t mean the savings are going to stop any time soon. Electronics retail stores are hurting just like everyone else in today’s troubled times and as such, expect huge deals from the big boys in the weeks leading up to the holidays. Along those lines, Best …

Circuit City holds huge online sale while stores close

November 27th, 2008

Circuit City formally began the chapter 11 bankruptcy process earlier this month, announcing that it would be closing 155 stores by year-end as part of its reorganization. That isn’t however, going to stop the troubled retailer from making a big push during what is historically the busiest shopping weekend of the year. As brick and …

Circuit City woes continue, bankruptcy filing begins

November 10th, 2008

If the story of retail giant Circuit City was a book, Chapter 11 was a section it had certainly hoped would be skipped. Just one short week after news that the retail chain would be closing up shop in 155 of its locations, Circuit City has now announced that it will reorganize under Chapter 11 …

Circuit City to close 20% of its stores [UPDATED]

November 3rd, 2008

Plagued by sluggish sales and a dreadfully low stock price, Circuit City has been in a downward spiral. Last week it was a notice of non-compliance from the NYSE threatening to remove the listing because its stock has been sitting at well below $1.00 for more than a month. This week it is the inevitable …

Windows Gurus Set to Invade an Electronics Retailer Near You

September 7th, 2008

We have to wonder if the culmination of Microsoft’s $300mm marketing endeavor will be a battle royale on Monday Night Raw or Pay Per View. Windows Gurus vs. Mac Geniuses in a cage match to the death. Not only would we totally be willing to buy that event on PPV, we guarantee that everyone on …

Slow Sales Lead to Mass HDTV Price Cuts

July 16th, 2008

As the economy continues to decline and unemployment rates continue to rise, now is a tough time for everyone. Particularly tough perhaps, if a big part of your business involves selling luxury items like HDTVs. In times of economic crisis people most often forgo big ticket items such as plasma and LCD TVs and opt …