Paladin D Posted January 17, 2009 Share Posted January 17, 2009 [url="http://www.msnbc.msn.com/id/28691963/"]Circuit City to liquidate remaining U.S. stores[/url] [b][i]Electronics retailer has struggled as the U.S. economy has weakened[/b][/i] [quote]Circuit City became the largest retailer to fall victim to the expanding financial crisis Friday, announcing it will shut down its remaining 567 U.S. stores at the cost of 34,000 more jobs after failing to sell the business. The closure of the nation’s second-biggest consumer electronics retailer spells more trouble for the nations malls, and is the latest casualty of an unprecedented pullback in consumer spending that has claimed KB Toys, Mervyns LLC and Linens ’N Things. “Very, very sad,” said Alan L. Wurtzel, son of company founder Samuel S. Wurtzel and himself a former chief executive of Circuit City. “I feel particularly badly for the people who are employed or until recently were employed.”[/quote] A sad day for us consumers and to the employees that work there. Click the link to read the rest of the story. Link to comment Share on other sites More sharing options...
Paladin D Posted January 17, 2009 Author Share Posted January 17, 2009 Classic 80's commercial: [url="http://"%20<a%20href="http://www.youtube.com/watch?v=9vZSH5BfpAg""%20target="_blank">http://www.youtube.com/watch?v=9vZSH5BfpAg"</a>"] http://www.youtube.com/watch?v=9vZSH5BfpAg[/url] 33mhz, remember those things. Link to comment Share on other sites More sharing options...
CatherineM Posted January 17, 2009 Share Posted January 17, 2009 I don't think this is going to be the last. Link to comment Share on other sites More sharing options...
Tinkerlina Posted January 17, 2009 Share Posted January 17, 2009 [quote name='Paladin D' post='1753568' date='Jan 17 2009, 01:34 AM'][url="http://www.msnbc.msn.com/id/28691963/"]Circuit City to liquidate remaining U.S. stores[/url] [b][i]Electronics retailer has struggled as the U.S. economy has weakened[/b][/i] A sad day for us consumers and to the employees that work there. Click the link to read the rest of the story.[/quote] Figures, since my now screwy laptop was purchased there :S Katie Link to comment Share on other sites More sharing options...
Theologian in Training Posted January 17, 2009 Share Posted January 17, 2009 (edited) [quote name='Paladin D' post='1753568' date='Jan 17 2009, 01:34 AM'][url="http://www.msnbc.msn.com/id/28691963/"]Circuit City to liquidate remaining U.S. stores[/url] [b][i]Electronics retailer has struggled as the U.S. economy has weakened[/b][/i][/quote] Friendly reminder: They are using liquidators, which means they jack the price higher than it normally is and discount "75%" from that. No bargain or deal, more trickery into thinking your spending less when you are spending more. [url="http://tech.yahoo.com/blogs/patterson/33343"]http://tech.yahoo.com/blogs/patterson/33343[/url] Edited January 17, 2009 by homeschoolmom Link to comment Share on other sites More sharing options...
eagle_eye222001 Posted January 17, 2009 Share Posted January 17, 2009 Really not surprised by this news. Circuit Town was struggling before this economic downfall happened. ---------------- Now playing: [url="http://www.foxytunes.com/artist/hans+zimmer+%26+james+newton+howard/track/like+a+dog+chasing+cars+(album+version)"]Hans Zimmer & James Newton Howard - Like A Dog Chasing Cars (Album Version)[/url] via [url="http://www.foxytunes.com/signatunes/"]FoxyTunes[/url] Link to comment Share on other sites More sharing options...
Norseman82 Posted January 17, 2009 Share Posted January 17, 2009 Ironically, I just received coupons in the mail from Discover Card for $X off a purchase of $Y or more at Circuit City. Link to comment Share on other sites More sharing options...
Norseman82 Posted January 17, 2009 Share Posted January 17, 2009 [quote name='CatherineM' post='1753580' date='Jan 17 2009, 12:42 AM']I don't think this is going to be the last.[/quote] It reminds me of Clemenza's line in "The Godfather" (no, not the one about the cannoli) where he mentioned that you have to go through the wars every 10 years or so to clear out the bad blood. Anyone remember Silo or Highland? Link to comment Share on other sites More sharing options...
CatherineM Posted January 17, 2009 Share Posted January 17, 2009 [quote name='Norseman82' post='1753720' date='Jan 17 2009, 11:36 AM']It reminds me of Clemenza's line in "The Godfather" (no, not the one about the cannoli) where he mentioned that you have to go through the wars every 10 years or so to clear out the bad blood. Anyone remember Silo or Highland?[/quote] I bought my first VCR at Silo. I bought my first camera at Service Merchandise. Link to comment Share on other sites More sharing options...
jeffpugh Posted January 17, 2009 Share Posted January 17, 2009 Funny, Circuit City bought out "Radio Shack" up here... they're not gone for good. We'll still those stores around. Sorta reminds me about what happened to K-Mart up here... they disappeared in Canada, but still remained south of the border. Link to comment Share on other sites More sharing options...
MIKolbe Posted January 17, 2009 Share Posted January 17, 2009 Sears and K-mart merged or something down here Link to comment Share on other sites More sharing options...
IcePrincessKRS Posted January 17, 2009 Share Posted January 17, 2009 [quote name='MIkolbe' post='1753770' date='Jan 17 2009, 02:42 PM']Sears and K-mart merged or something down here[/quote] Yeah, you still see both stores but they're owned by the same corporation (or whatever). Link to comment Share on other sites More sharing options...
CatherineM Posted January 17, 2009 Share Posted January 17, 2009 Woolworths is going too. We used to sit at the counter there to have greasy burgers on Saturday afternoons. You just knew that griddle hadn't been cleaned since the War, but it didn't matter. That's one of the things about getting older. You are homesick for places that don't exist anymore. Link to comment Share on other sites More sharing options...
missionseeker Posted January 17, 2009 Share Posted January 17, 2009 Prayers for Phil! (BG, he's an employee there.) Link to comment Share on other sites More sharing options...
MissyP89 Posted January 17, 2009 Share Posted January 17, 2009 [quote name='missionseeker' post='1753820' date='Jan 17 2009, 02:24 PM']Prayers for Phil! (BG, he's an employee there.)[/quote] Yes, for a better opportunity for him, and the other 35,000 people who are losing their jobs. Link to comment Share on other sites More sharing options...
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