Not that bankruptcy is ever really a good thing (for the economy, the company’s workers, so on and so on), but for consumers in need of a computer, camera, printer, etc., Circuit City’s announcement today that it is officially going kaput is a little bit exciting.
Circuit City has apparently hired four liquidation companies to handle the sales, which start tomorrow and run until March 31, pending court approval. The website and call center will cease to operate after Jan. 18.
I hope they have start their liquidation with better discounts than Linens ‘N Things, who started their liquidatoin at a paltry (seriously, you’re going out of business, sell it all off!) 30% off and drew it out FOREVER. I mean, March 31 is a long way off too, but you gotta figure by then all they’re gonna have is a few batteries, a Celine Dion CD, and some Disney movies on VHS that someone found in a box in the back.
When I tried to check out circuitcity.com for deals just moments ago, it said “We’re updating our site with new products and special offers. Please come back in a few minutes.” Could it already be starting!?
On another sale note, unconfirmed rumor is that St. Bernard Sports on Third Street is having a midnight madness sale where everything is 30% off. Paltry? They’re not going out of business.
On the unconfirmed rumor note, rumor has it that the big department stores do their inventory on the 15th, so look for big sales this weekend. (Is this common knowledge that I just don’t know? Or is it an industry secret? Or just wrong?)