PatriotsReign

The country's second largest electronics retailer is on the verge of bankruptcy and will lay off thousands and close hundreds of stores BEFORE the holidays....sign of the times

It appears Circuit City is unable to find interested lenders to help them re-organize. So as you plan your holiday shopping, just know that all Circuit City purchases will be final. Don't buy gift cards or extended warrantees.

We can also expect to see one or two clothing retailers to be squeezed into failure shortly after the holiday season

Mish's Global Economic Trend Analysis

IcyPatriot

Circuit City is such an inept store it is amazing how they have been able to stick around for so long. The last 3-4 times I went there I could have used an air horn to find some help. Their displays are a mess, product missing, etc... Locally, compared to Best Buy it is no contest. Best Buy stores are well lit, well staffed, the stores are always neat and help is easy to find. The displays are relevant to the latest trends in electronics and not outdated. IMO --- Circuit City deserves to disappear.

scout

It might just be that one Circuit City store, I don't know. What I do know is that Best Buy should rename themselve Sears for their unethical behavior. They take bait and switch to a new level. Google them and see how many complaints you come up with. Circuit City may be bad, but I wouldn't toot Best Buy's horn.

Real World

No one should ever buy a warranty from a big box store. Warranty's are best bought from 3rd party companies like:

Your online source for Television extended warranties.

Extended Warranties

Also, if you buy with your credit card, most CC companies will double the manufacturers warranty for free. My Capital One Visa did for my TV. All I had to do was fill out 3 lines on a single form, and send a copy of my reciept. CC companies also offer extended warranty's for just about anything you buy. While a 4 year extended for my TV was close to $400 from Visa, it was still $300 cheaper than Circuit City. I passed on both.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

Real World

CC isn't as well kept, or maintained, at BB. I totally agree. I spent plenty of time in both before I bought my HDTV. However, CC has better prices, and offers. AAA members get 8% off any purchase of $199 or more too.



BB sucks. Nicer looking store, with better displays, but lots of complaints is correct.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

PatriotsReign

Don't be surprised to see Best Buy take the deep 6 within the next 12 months as well. People just aren't buying big electronics and they won't be for the foreseeable future. With new home sales and home sales in general WAY down, no one is buying washer/dryers, refridgerators and dishwashers and "Big Screen TV's" are no longer being considered a must have to keep up with the Jones's...things are looking tough for this category of retailers.

PressCoverage

exactly correct...

NEVER EVER buy an extended warranty.... all it means is 20-30% commission in the sales person's pocket... if a piece of technology is going to have a problem, it's going to go wrong inside the first month or two, and usually covered by the standard manufactuers warranty... after that, 95% of the time, it's going to be just fine for 5+ years...

Real World

Bingo! You're absolutely correct. If something goes wrong, it'll be inside the first 30 days usually, something like 90+% of the time.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

scout

This is what pisses me off. I buy some product from one of these stores. Then, the sales person tells me how much that product really sucks and that I need to buy a warrenty. After which I tell the sales person to go f'ck themselves.

FreeTedWilliams

Don't worry Circuit City will be fine, once Obama gets in adn sends our money to his poor, they will rush to Circuit City and purchase Big Screens by the truckload. Problem Solved.

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The Jets look like a Super Bowl contender right now about as much as Rosie O’Donnell looks like a threat for the Miss America crown. -NY Post 12/19/2011


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