Circuit City to liquidate, shutter stores
Fri Jan 16, 2009 8:08pm EST

By Karen Jacobs and Emily Chasan

ATLANTA/RICHMOND, Virginia (Reuters) - Bankrupt electronics retailer
Circuit City Stores said on Friday it will liquidate its assets and
shutter hundreds of U.S. stores after failing to reach a deal to sell
the company.

Circuit City is one of the largest retail bankruptcies in the current
U.S. recession. Its demise paves the way for larger rival Best Buy Inc
to boost sales and gain clout with suppliers as the leading electronics
retailer.

U.S. Bankruptcy Judge Kevin Huennekens approved the plan to liquidate
Circuit City, and the No. 2 retail player in U.S. electronics said it
would begin closing stores on Saturday.

"Regrettably for the more than 30,000 employees of Circuit City and our
loyal customers, we were unable to reach an agreement with our creditors
and lenders to structure a going-concern transaction ... and so this is
the only possible path for our company," Vice Chairman James Marcum said.

- - -

That gurgling sound you hear is the United States going down the drain
after eight years of Bush malfeasance, misfeasance, and nonfeasance.

Who needs WMDs to take down the United States?

hk wrote:
Circuit City to liquidate, shutter stores
Fri Jan 16, 2009 8:08pm EST

By Karen Jacobs and Emily Chasan

ATLANTA/RICHMOND, Virginia (Reuters) - Bankrupt electronics retailer
Circuit City Stores said on Friday it will liquidate its assets and
shutter hundreds of U.S. stores after failing to reach a deal to sell
the company.

Circuit City is one of the largest retail bankruptcies in the current
U.S. recession. Its demise paves the way for larger rival Best Buy Inc
to boost sales and gain clout with suppliers as the leading electronics
retailer.

U.S. Bankruptcy Judge Kevin Huennekens approved the plan to liquidate
Circuit City, and the No. 2 retail player in U.S. electronics said it
would begin closing stores on Saturday.

"Regrettably for the more than 30,000 employees of Circuit City and our
loyal customers, we were unable to reach an agreement with our creditors
and lenders to structure a going-concern transaction ... and so this is
the only possible path for our company," Vice Chairman James Marcum said.

- - -

That gurgling sound you hear is the United States going down the drain
after eight years of Bush malfeasance, misfeasance, and nonfeasance.

Who needs WMDs to take down the United States?



So the Democrats in the Senate were paid for...nothing?

"hk" wrote in message
m...

Circuit City to liquidate, shutter stores
Fri Jan 16, 2009 8:08pm EST

By Karen Jacobs and Emily Chasan

ATLANTA/RICHMOND, Virginia (Reuters) - Bankrupt electronics retailer
Circuit City Stores said on Friday it will liquidate its assets and
shutter hundreds of U.S. stores after failing to reach a deal to sell the
company.


Good riddance. Circuit City was one of the worst retail stores for consumer
electronics (or anything for that matter) that I can think of. Sales
"associates" walking around with cell phones stuck in their ear, talking to
friends or congregating in groups yuking it up while customers wait at the
register to pay for purchases or need assistance. We had two in this area,
one was in business for several years, the other relatively new. Both
stores had the same cavalier culture when it came to the customers.

Plus, typically they didn't know anything about the products they sold. Most
were high school kids working after school. At least Best Buy has some
trained sales associates that know something about what they sell. For the
market it was supposed to serve, Circuit City was no better than a Target or
Wal-Mart.

I am surprised they stayed in business as long as they did, economic
slowdown or no economic slowdown.

Eisboch

"Eisboch" wrote in message
...

"hk" wrote in message
m...

Circuit City to liquidate, shutter stores
Fri Jan 16, 2009 8:08pm EST

By Karen Jacobs and Emily Chasan

ATLANTA/RICHMOND, Virginia (Reuters) - Bankrupt electronics retailer
Circuit City Stores said on Friday it will liquidate its assets and
shutter hundreds of U.S. stores after failing to reach a deal to sell the
company.


Good riddance. Circuit City was one of the worst retail stores for
consumer electronics (or anything for that matter) that I can think of.
Sales "associates" walking around with cell phones stuck in their ear,
talking to friends or congregating in groups yuking it up while customers
wait at the register to pay for purchases or need assistance. We had two
in this area, one was in business for several years, the other relatively
new. Both stores had the same cavalier culture when it came to the
customers.



BTW, here's another recent bankruptcy that is really too bad, but it was
inevitable.
"Sound Advice" was a decent mid to low high end quality audio retailer based
in Florida until they were purchased by Tweeter in 2001. Since then, both
companies have been on a downward slide and recently threw in the towel and
went belly up. Good write up on Sound Advice in the first link.
The second link is why high end, good quality audio equipment is becoming a
thing of the past.
People are more interested in having "thousands" of files of compressed crap
on their iPods instead of high quality recordings worthy of decent
equipment. Sad.

http://www.audioholics.com/news/editorials/sound-advice

http://www.audioholics.com/news/edit...-down-of-audio


Eisboch

Eisboch wrote:

"Eisboch" wrote in message
...

"hk" wrote in message
m...

Circuit City to liquidate, shutter stores
Fri Jan 16, 2009 8:08pm EST

By Karen Jacobs and Emily Chasan

ATLANTA/RICHMOND, Virginia (Reuters) - Bankrupt electronics retailer
Circuit City Stores said on Friday it will liquidate its assets and
shutter hundreds of U.S. stores after failing to reach a deal to sell
the company.


Good riddance. Circuit City was one of the worst retail stores for
consumer electronics (or anything for that matter) that I can think
of. Sales "associates" walking around with cell phones stuck in their
ear, talking to friends or congregating in groups yuking it up while
customers wait at the register to pay for purchases or need
assistance. We had two in this area, one was in business for several
years, the other relatively new. Both stores had the same cavalier
culture when it came to the customers.



BTW, here's another recent bankruptcy that is really too bad, but it was
inevitable.
"Sound Advice" was a decent mid to low high end quality audio retailer
based in Florida until they were purchased by Tweeter in 2001. Since
then, both companies have been on a downward slide and recently threw in
the towel and went belly up. Good write up on Sound Advice in the
first link.
The second link is why high end, good quality audio equipment is
becoming a thing of the past.
People are more interested in having "thousands" of files of compressed
crap on their iPods instead of high quality recordings worthy of decent
equipment. Sad.

http://www.audioholics.com/news/editorials/sound-advice

http://www.audioholics.com/news/edit...-down-of-audio


Eisboch


I sometimes play my ipod through my stereo...sounds just a hair below a
well-done CD. Nothing beats an ipod for portable entertainment.

"hk" wrote in message
...


I sometimes play my ipod through my stereo...sounds just a hair below a
well-done CD. Nothing beats an ipod for portable entertainment.

I agree with the guy that wrote the article. Most sound like they were
recorded in a coffee can.
I occasionally use a mp3 for various purposes including burning cds or
downloading to Mrs.E's iPod.
But before I do, I use a program called "Audacity" to modify and enhance the
file to get rid of that coffee can sound.

I just cannot handle that overly compressed, airy and tinny sound.
Different strokes.

Eisboch

"Eisboch" wrote in message
...

"Eisboch" wrote in message
...

"hk" wrote in message
m...

Circuit City to liquidate, shutter stores
Fri Jan 16, 2009 8:08pm EST

By Karen Jacobs and Emily Chasan

ATLANTA/RICHMOND, Virginia (Reuters) - Bankrupt electronics retailer
Circuit City Stores said on Friday it will liquidate its assets and
shutter hundreds of U.S. stores after failing to reach a deal to sell
the company.


Good riddance. Circuit City was one of the worst retail stores for
consumer electronics (or anything for that matter) that I can think of.
Sales "associates" walking around with cell phones stuck in their ear,
talking to friends or congregating in groups yuking it up while customers
wait at the register to pay for purchases or need assistance. We had two
in this area, one was in business for several years, the other relatively
new. Both stores had the same cavalier culture when it came to the
customers.



BTW, here's another recent bankruptcy that is really too bad, but it was
inevitable.
"Sound Advice" was a decent mid to low high end quality audio retailer
based in Florida until they were purchased by Tweeter in 2001. Since
then, both companies have been on a downward slide and recently threw in
the towel and went belly up. Good write up on Sound Advice in the first
link.
The second link is why high end, good quality audio equipment is becoming
a thing of the past.
People are more interested in having "thousands" of files of compressed
crap on their iPods instead of high quality recordings worthy of decent
equipment. Sad.

http://www.audioholics.com/news/editorials/sound-advice

http://www.audioholics.com/news/edit...-down-of-audio


Eisboch


iPods are having an effect, but the bigger issue, I think, is lack of
imagination and just plain balls in retailing. That's why this retailer
keeps growing every year:

http://www.rowephoto.com/index.html

Mid to high quality audio, full service, well-trained staff with outrageous
product knowledge. Began as a photo store 110 years ago. Added audio & video
in the mid-1980s. The stores are always busy. In a sense, the owner built
the business by responding to the big discounters with "So what?" Wegmans
(grocery chain) does the same thing.

Eisboch wrote:
"hk" wrote in message
...

I sometimes play my ipod through my stereo...sounds just a hair below a
well-done CD. Nothing beats an ipod for portable entertainment.

I agree with the guy that wrote the article. Most sound like they were
recorded in a coffee can.
I occasionally use a mp3 for various purposes including burning cds or
downloading to Mrs.E's iPod.
But before I do, I use a program called "Audacity" to modify and enhance the
file to get rid of that coffee can sound.

I just cannot handle that overly compressed, airy and tinny sound.
Different strokes.

Eisboch




MP3's?

ipods can do better than that.

On Jan 16, 10:37*pm, hk wrote:
Eisboch wrote:

"Eisboch" wrote in message
m...

"hk" wrote in message
news:tOKdnSJgIZhGpezUnZ2dnUVZ_jOdnZ2d@earthlink. com...

Circuit City to liquidate, shutter stores
Fri Jan 16, 2009 8:08pm EST

By Karen Jacobs and Emily Chasan

ATLANTA/RICHMOND, Virginia (Reuters) - Bankrupt electronics retailer
Circuit City Stores said on Friday it will liquidate its assets and
shutter hundreds of U.S. stores after failing to reach a deal to sell
the company.

Good riddance. *Circuit City was one of the worst retail stores for
consumer electronics (or anything for that matter) *that I can think
of. Sales "associates" walking around with cell phones stuck in their
ear, talking to friends or congregating in groups yuking it up while
customers wait at the register to pay for purchases or need
assistance. *We had two in this area, one was in business for several
years, the other relatively new. *Both stores had the same cavalier
culture when it came to the customers.

BTW, here's another recent bankruptcy that is really too bad, but it was
inevitable.
"Sound Advice" was a decent mid to low high end quality audio retailer
based in Florida until they were purchased by Tweeter in 2001. *Since
then, both companies have been on a downward slide and recently threw in
the towel and went belly up. * Good write up on Sound Advice in the
first link.
The second link is why high end, good quality audio equipment is
becoming a thing of the past.
People are more interested in having "thousands" of files of compressed
crap on their iPods instead of high quality recordings worthy of decent
equipment. * Sad.

http://www.audioholics.com/news/editorials/sound-advice

http://www.audioholics.com/news/edit...-down-of-audio

Eisboch

I sometimes play my ipod through my stereo...sounds just a hair below a
well-done CD. Nothing beats an ipod for portable entertainment.- Hide quoted text -

- Show quoted text -

Yes, but nothing beats a good Turntable.

"JoeSpareBedroom" wrote in message
...


iPods are having an effect, but the bigger issue, I think, is lack of
imagination and just plain balls in retailing. That's why this retailer
keeps growing every year:

http://www.rowephoto.com/index.html

Mid to high quality audio, full service, well-trained staff with
outrageous product knowledge. Began as a photo store 110 years ago. Added
audio & video in the mid-1980s. The stores are always busy. In a sense,
the owner built the business by responding to the big discounters with "So
what?" Wegmans (grocery chain) does the same thing.


Hopefully they will stay around because they are diversified. There used to
be a couple of decent high-end audio shops around my area but they have all
folded. The demand (or lack of) for quality equipment just doesn't pay the
rent anymore. Even manufacturers of decent speakers are introducing lower
performance, lower priced models of their equipment to be carried by places
like Best Buy. It's too bad because people still spend a considerable
amount of money for Best Buy's versions of Klipsch or Martin Logan thinking
they are getting high end speakers. For a small amount more they could get
the real thing.

Eisboch