11.12.2008 10:25 AM
Circuit City Liquidation: HD Buyer Beware

(From HD Notebook)

On Nov. 10, Circuit City filed for bankruptcy protection from its creditors. While the writing had been on the wall for quite a while for the nation's second-largest CE retailer (earlier it announced the closing of one-fifth of its stores and the subsequent loss of thousands of jobs), the Richmond, Va.-based company has now gone into liquidation mode.

While liquidation sales sometimes can provide opportunities for deep discounts and other seemingly unheard-of benefits, several tech Web sites and online bloggers are warning potential HD consumers to do their homework before making any major purchases at the Circuit City stores they visited. While it is not uncommon for chains in liquidation to not offer returns of any kind (which reportedly is the case with Circuit City), several observers report some of the chain's "sale prices" in liquidation are no lower than the competition—and may be higher in some cases than Circuit City's own price points before it filed for Chapter 11.

In a word (or three): HD buyer beware.



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1.
Posted by: Sanjay Talwani
Fri, 22-27-2009 12:22 PM Report Comment
Stores in 'liquidation' are best avoided when it comes to electronics; if a store is being operated by a liquidator, there is too much risk that any dead-on-arrival items will not be accepted for exchange or refund. Only recourse, if there is any, is to go to the manufacturer. Not worth it at any price.
2.
Posted by: Sanjay Talwani
Sat, 34-28-2009 10:34 AM Report Comment
Thank you. This is very useful to consumers. I think this is how the free market was meant to operate - you do bad business, people will know about it and your profits will dry up. Good business, you'll succeed. I'm glad I read this, because I was going to buy a tv from Circuit City! I'll get it from craigslist.




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