is Circuit City Dead? (Closing 155 stores in 2008)
01-24-09, 04:34 PM
#201
DVD Talk Legend
Re: is Circuit City Dead? (Closing 155 stores in 2008)
I finally went in yesterday, and although I only looked in the cd section, the prices were the same prices they have always had. They didn't raise them in any way.
01-24-09, 09:56 PM
#202
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Re: is Circuit City Dead? (Closing 155 stores in 2008)
You mean 100% commission? They actually paid 10% commission on warranties and most accessories.
01-25-09, 04:10 PM
#203
DVD Talk Special Edition
Re: is Circuit City Dead? (Closing 155 stores in 2008)
01-29-09, 04:47 PM
#204
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Re: is Circuit City Dead? (Closing 155 stores in 2008)
It's a possible srew the pooch scenario. I had my 46in Sammy DLP in for repair and the guys called me today to say that CC told them to stop working on it and return it to me. Long story short & 6 additional phone numbers later, i am no closer to figuring out what they'll do with my set. There is a number they give that requires you to fax all your pertinent documents to and await a reply. Good luck on that one. I'm not too pleased now but other than buying a new set elsewhere, I am now stuck with a wonky TV waiting on the bankrupt CC underwriters to throw me a bone.
01-31-09, 09:04 PM
#205
DVD Talk Reviewer & TOAT Winner
Re: is Circuit City Dead? (Closing 155 stores in 2008)
02-05-09, 10:58 AM
#206
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Re: is Circuit City Dead? (Closing 155 stores in 2008)
It's a possible srew the pooch scenario. I had my 46in Sammy DLP in for repair and the guys called me today to say that CC told them to stop working on it and return it to me. Long story short & 6 additional phone numbers later, i am no closer to figuring out what they'll do with my set. There is a number they give that requires you to fax all your pertinent documents to and await a reply. Good luck on that one. I'm not too pleased now but other than buying a new set elsewhere, I am now stuck with a wonky TV waiting on the bankrupt CC underwriters to throw me a bone.
Same thing just happened to me. Had Electronics Lab in for repairs on my 46' Samsung dlp 2 weeks ago & they ordered a major part. Was told 7-10 business days for it to come in. Just called them & was told they were going to call me to tell me that the part had been cancelled and to call CC. I'm still on hold (longer than Social Security) & I'm pissed.
02-05-09, 11:08 AM
#207
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Re: is Circuit City Dead? (Closing 155 stores in 2008)
Thanks for the info...keep us posted.
I wonder if I can return everything and just not bother with it. I bought an HDTV and Blu-ray back at the end of Nov.
I wonder if I can return everything and just not bother with it. I bought an HDTV and Blu-ray back at the end of Nov.
02-05-09, 11:34 AM
#208
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Re: is Circuit City Dead? (Closing 155 stores in 2008)
After a 35 minute wait I finally got a human being on the CC line. I explained the problem and that Electronics Lab had diagnosed it & they looked up my warranty info. They gave me an authorization number which I gave to Elec. Lab to authorize payment for the part (engine with lamp which goes for $500+). I should have no trouble they told me at Elec. Lab. They're going to call today for authorization. I'll let ya know if it gets fixed or if something else goes wrong.
02-12-09, 07:39 AM
#209
Banned
Re: is Circuit City Dead? (Closing 155 stores in 2008)
This is fucking unbelievable. Four executives are going to get bonuses:
http://www.homemediamagazine.com/cir...-bonuses-14559
Those 4 guys should be whipped by every CC employee losing their job.
Circuit City Seeks $4.7M for Executive Bonuses
By Erik Gruenwedel | Posted: 11 Feb 2009
[email protected]
Shuttered Circuit City Stores Feb. 10 asked a bankruptcy court to set aside $4.7 million from the ongoing liquidation sale for retention bonuses to select executives, according to a filing.
Under terms of the “Wind Down Incentive and Retention Plan,” CEO James Marcum and John Kelly, chief merchandising officer, together with 16 other senior executives would split $2.3 million, while 137 other “tier 2” employees would be eligible to access $1.6 million, on top of current salaries and compensation.
A final discretionary sum of $750,000 would be allocated as needed.
The Richmond, Va.-based No. 2 consumer electronics retailer, which ceased operations Jan. 16, said it would generate $250 million more than budgeted from the liquidation.
The court Feb. 3 ordered Circuit City Stores to pay Alliance Entertainment a lien payment of more $1 million for the warehousing and shipment of third-party DVD movies and related content to stores during the ongoing liquidation sale, according to a filing.
The Coral Springs, Fla.-based merchandising and fulfillment-company last month filed a claim with U.S. Bankruptcy Court in Richmond, Va., demanding the No. 2 consumer electronics retailer make good on a pre-payment lien in the amount of $1,028,153.34.
Circuit City, which filed for bankruptcy protection in January prior to ceasing operations, had disputed the lien amount and asked the court to force Alliance to deliver Circuit City-owned packaged-media product to its stores to accommodate an ongoing liquidation sale.
Circuit City agreed to set aside proceeds from the ongoing liquidation to pay the lien.
When it filed for bankruptcy, Circuit City owed Hollywood studios more than $56 million for outstanding Blu-ray and standard DVD product.
By Erik Gruenwedel | Posted: 11 Feb 2009
[email protected]
Shuttered Circuit City Stores Feb. 10 asked a bankruptcy court to set aside $4.7 million from the ongoing liquidation sale for retention bonuses to select executives, according to a filing.
Under terms of the “Wind Down Incentive and Retention Plan,” CEO James Marcum and John Kelly, chief merchandising officer, together with 16 other senior executives would split $2.3 million, while 137 other “tier 2” employees would be eligible to access $1.6 million, on top of current salaries and compensation.
A final discretionary sum of $750,000 would be allocated as needed.
The Richmond, Va.-based No. 2 consumer electronics retailer, which ceased operations Jan. 16, said it would generate $250 million more than budgeted from the liquidation.
The court Feb. 3 ordered Circuit City Stores to pay Alliance Entertainment a lien payment of more $1 million for the warehousing and shipment of third-party DVD movies and related content to stores during the ongoing liquidation sale, according to a filing.
The Coral Springs, Fla.-based merchandising and fulfillment-company last month filed a claim with U.S. Bankruptcy Court in Richmond, Va., demanding the No. 2 consumer electronics retailer make good on a pre-payment lien in the amount of $1,028,153.34.
Circuit City, which filed for bankruptcy protection in January prior to ceasing operations, had disputed the lien amount and asked the court to force Alliance to deliver Circuit City-owned packaged-media product to its stores to accommodate an ongoing liquidation sale.
Circuit City agreed to set aside proceeds from the ongoing liquidation to pay the lien.
When it filed for bankruptcy, Circuit City owed Hollywood studios more than $56 million for outstanding Blu-ray and standard DVD product.
Those 4 guys should be whipped by every CC employee losing their job.
02-12-09, 04:42 PM
#210
Re: is Circuit City Dead? (Closing 155 stores in 2008)
How long will CCs be open and selling their inventory off? I'm broke but I should have my tax refund soon. I mean, I hear their Going Out of Business prices blow, but I'd still like to go take a look.
02-12-09, 04:54 PM
#211
DVD Talk Legend
02-12-09, 09:45 PM
#212
DVD Talk Limited Edition
Re: is Circuit City Dead? (Closing 155 stores in 2008)
Those motherfuckers. They never surprise me. The company went to shit, thousands upon thousands of their employees won't have a job soon, but they made sure to pad their pockets as the ship is sinking. How do they sleep at night.
02-12-09, 10:44 PM
#213
DVD Talk Legend
Re: is Circuit City Dead? (Closing 155 stores in 2008)
On a bed of money while being massaged by two hot chicks.
02-16-09, 06:09 PM
#214
Re: is Circuit City Dead? (Closing 155 stores in 2008)
So my dad went into a Circuit City the other day. Was looking around and he discovered some new items that were not there the other day. I thought maybe he just didn't see the item before. But that was definitely not the case. They were selling hd-dvds! 
I thought bringing in outside merchandise was against policy for liquidating? I know for sure Circuit City stopped selling hd-dvds awhile back so they must have it from a completely different company.
I thought bringing in outside merchandise was against policy for liquidating? I know for sure Circuit City stopped selling hd-dvds awhile back so they must have it from a completely different company.
02-16-09, 06:22 PM
#215
DVD Talk Gold Edition
Re: is Circuit City Dead? (Closing 155 stores in 2008)
Today was the last day for the CC nearest me (in Taylor, MI). I went in and looked through the CDs (found three actually) and left. The people in there were like vultures picking meat off the bone with the way they were rummaging. I was amused though to see a CD long box that came with a "bonus" cassette!
02-16-09, 07:13 PM
#216
DVD Talk Legend
Re: is Circuit City Dead? (Closing 155 stores in 2008)
Another possibility is that the items were sent back to CC's distribution centers, but stayed there, then were sent back to stores for liquidation. So the merchandise is from outside the store, but not outside the business.
