Circuit City liquidation: Are you really getting a deal?
I’ve been there twice over the last week and it almost seems the deals were better when the regular prices were on before liquidation. Ginormous waste of time, although they did get huge traffic from somewhat expectant doofuses like me. I knew they were going to do this but I took a shot just in case there were deals.
Even my daughter’s ex-bf, who is a manager at a local Circuit City, said there are no deals. And how many companies are more poorly managed than CC? They shot themselves in the foot by firing their experienced salespeople, and now have managed to hire liquidators who are getting press about overpricing. Large termination bonuses all around for this, no doubt.
Stuff is selling, though.
Liquidators jack the prices back up to retail (which is quite a bit over even the normal non sale prices.) and start taking off percentages. It is not until they get to 50% off or more that you can start to find deals that can’t be easily beat at other stores or especially on teh internets. Of course usually by this point the store is pretty much wiped clean by all the people who don’t know any better.
After working for a retail store chain that went out of business my answer is NO!!!
The store seldom sold product at MFSP. But the day the liquadators took over everything was moved up to full price and a 20% discount at the registers. Made most of the product more than before the liquidation. By the time it hit 50% the good stuff was sold.
People can be funny, if you tell them or let them believe there is a sale they will buy without looking at the price.
One time when we had a wall fall down, we put the clothes on portable racks in the aisles during the repairs. Everyone assumed a clearance and that department was 300% over the daily goal. The people buying stuff they thought was on sale were in the way and crreating a safety hazzard while we tried to work.
My advise, if you wonder what it is like and you do not mind wasting your time go. But besure you know what the price should be. Other wise wait until it hits 50%. And be aware you probably will not find what you want.
Let’s put it this way, if it’s something that someone might actually want, it’s probably not a good deal.
After visiting two CC stores, I’m convinced that the only “deals” are on stuff that absolutely never goes on sale under any circumstance. That would include only things like accessories, printer ink and some other assorted items.
Of course they were probably overpriced in the first place. I noticed one accessory at CC that was stickered at $51.99. Best Buy had the same item (not on sale) stickered at $28.99.
I worked there went they dumped commission and appliances. One of the experiences salespeople they didn’t want. Now I work for a liquidator who is selling their stuff. {at really good prices}
I’d gloat except for my friends who were hurt by their stupid judgment.
I had a CC gift card to burn and I found a portable hard drive that was cheaper than Amazon.com and Best Buy.com by about 10-15%, but with the downside being I couldn’t take it back to the store if I wasn’t satisfied with it. I am ok with the deal.
I managed to get a good deal on a Sony 46" XBR LCD. They had one left new in the box and it was about $200 less than I could find anywhere online. Other TVs were priced higher than Best Buy or other local shops. A few LG TVs were good deals too, but you have to look close.
Funny I bought some ink at CC during the closeout and I have to contact my CC company because at some point the box was opened and a different ink was put in. I didn’t know this because it was in a plastic box that the cashier had to open. Of course there are no reurns for any reason.
No, liquidations are not “deals” until they get below 50 percent, and even then the better stuff has been sold off. If a company has a long lease on a store that has bad sales and they are using the store as a liquidation center for other stores that aren’t closing, then good deals can be had on overstock and they will have inventory. I got a whole wardrobe back in the 80s this way from a Bullock’s store that was closing over a year long period. I wish I fit into some of those clothes.