Circuit City nearly out of Business

Best Buy can suck it.

I hate going into a Best Buy because I can never find anything. We have a local CC that is a few minutes away and a BB that is about 45 min away. Our CC is staying open.

I must say that despite my love for CC our local one needs some upgrades...it is DARK in there. I looked up at the ceiling the other day and they had about half the lights out and in no way were they doing it to save energy--it was in a sporadic pattern that screamed "we're not going to pay to get new lightbulbs."

Even with that I"d take CC any day. I like the layout better and I can always find stuff. I have to hunt for items in BB and that pisses me off.
 
I like Best Buy just to hang around and look at all the TV's and gadgets. Plus I just got my Slacker there. Circuit City seems more serious. Like buy something or get out of here.
 
The Associated Press: Circuit City files for Chapter 11 protection

NEW YORK (AP) — Circuit City Stores has filed for bankruptcy about a week after it said it would close 20 percent of its stores.

The Richmond, Virginia-based electronics retailer has been struggling as nervous consumers spend less and credit has become tighter. It filed for bankruptcy protection on Monday.

Chapter 11 protection typically allows a company to hold off creditors and operate as normal while it develops a financial reorganization plan.

Circuit City says it has more than $1 billion in assets and more than $1 billion in liabilities. Courts do not require companies to provide more specific figures in filings.

The company says it anticipates it would have money to distribute to unsecured creditors, who get paid last.
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Casual Fan said:
Meme is right. My now-laid-off friend says that they lost money on every laptop they sold and only turned a profit if you bought a warranty.
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Again, you are comparing a ~$500/$1,000 laptop versus a $3,000 LCD TV. No comparison. Money well invested.
 
mrpacs said:
Again, you are comparing a ~$500/$1,000 laptop versus a $3,000 LCD TV. No comparison. Money well invested.
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It doesn't matter how much the item cost. The price of the extended warranty is related to the price of the item.

Think about it this way: if extended warranties were good for the consumer, they would be bad for the retailer. They take the price of replacing and repairing the products, add a hefty markup, then divide it by the number of suckers who will pay for them. You're better off putting that money aside in a savings account and earning interest on it.
 
mrpacs said:
Again, you are comparing a ~$500/$1,000 laptop versus a $3,000 LCD TV. No comparison. Money well invested.
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Only the amount of money you pay for the warrentee. Odds are you won't have an issue in which case you just spent extra money.
 
Best Buy has a staff that is friendly and knows what is going on, CC's staff seemed to be lagging in knowledge and was weird (one 400 lb staffer was hitting on me hardcore while trying to sell a product to me). Best Buy has a better lit, more current looking store as well. CC was enclosed and dark to me, not so appealing to a shopper.
 
mrpacs said:
possibly, but what if I do experience a problem? IMO it's money well spent/invested.
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I guess it depends on how big the problem is. And it would have to be a manufacturing defect. Odds of a manufacturing defect occurring AFTER the manufacturers (1 year??) warrenntee are pretty low.
 
IdRatherBeSkiing said:
I guess it depends on how big the problem is. And it would have to be a manufacturing defect. Odds of a manufacturing defect occurring AFTER the manufacturers (1 year??) warrenntee are pretty low.
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No, if ANYTHING goes wrong with the TV within 3 years AFTER the 1 year warranty, I am covered. I look at it this way; I'd rather invest the $323 extended warranty which I CAN afford, than spend another $2K or $3k towards a replacement TV if this one dies. Make sense?
 
mrpacs said:
No, if ANYTHING goes wrong with the TV within 3 years AFTER the 1 year warranty, I am covered. I look at it this way; I'd rather invest the $323 extended warranty which I CAN afford, than spend another $2K or $3k towards a replacement TV if this one dies. Make sense?
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I understand. I am just pointing out that the odds will be that you will just be out the $323 and have a fully functional TV.
 
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