PTB Celebrates 2,000 Entries
Weekly Poll: Who Needs Retail?

Circuit City Circles The Drain, Begins Liquidation

Liquidator After quite a while of screaming and thrashing around like a wounded animal, it would appear that Circuit City is finally nearing the end of its journey.  The chain has gone into liquidation, attempting to sell off as much merchandise as possible before turning off the lights and locking the doors.  You might think there are some choice prime deals to be struck as desperation sets in, but that's not quite the case.  The Consumerist has a handy guide to what the liquidation means to you.

Are liquidation sales good places to find bargains?
No. Most of the time the liquidator raises all the prices back to their original number and starts marking down from there, with the markdowns getting steeper week by week. He's still allowed to make big signs that scream 50% OFF!!!! even though that price at the time might be the same or even higher than the price before the liquidation. By the time prices actually get below what they were pre-liquidation, most of the inventory has been picked pretty clean. Except for the most dedicated bargain sleuths, liquidation sales are a ripoff.

I haven't shopped at a Circuit City since I found a lone dusty copy of Mario & Luigi: Superstar Saga there in 2005.  I don't know about other places, but the two locations near me never seemed to have full shelves and most of what was for sale in the DVD and gaming departments tended to be older material still priced at the full original retail price after competitors had long since lowered their own prices.  In a way, Circuit City reminds me of a Cold War Soviet knock-off version of Best Buy, with Circuit City offering older products from bizarre brands and little in the way of new merchandise or knowledgeable staff.  It's a shame to see another company go down in this sour economy and take so many jobs with it, but as far as the franchise itself, well, I don't see myself shedding any tears over it any time soon.