Full FeedCircuit City liquidation sales surpass expectations
It seems as though you have to go out of business these days to make any money. The companies hired to liquidate Circuit City’s remaining stock announced today that sales have reached an astounding $450 million over the past two weeks. They expect that the liquidation sales will end sooner than expected due to the astounding number of shoppers that have turned up to snatch up their discounted electronics.
The court mandated that sales must end by March 31, but the remainder of the store’s $1.8 billion inventory should be gone before that time. Even though stock continues to fly off shelves, deeper discounts were applied starting today. Most stores are now offering 25 percent off all plasma TVs, 20 percent off certain LCD sets, 40 percent off car audio products, and various discounts on all other store merchandise, including computers, cameras, camcorders, video games, MP3 players, DVDs and CDs.
In other Circuit City news, the company plans to help employees with job placement in the Richmond, Virginia area. They have arranged a two day job fair where former employees can meet with area recruiters.
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Went over the Circuit City to buy some cd disks. They had them at 40% off. Checked with OfficeMax which was right next door and OfficeMax had them cheaper than Circuit City with their discount. Be careful at the liquidations because they may not have the best prices.
on February 9, 2009 at 07:21 PM - LINK