I know I don't spend a heck of a lot of time discussing the economy on this blog, but I wanted to bring some old news to your attention so that you may be able to buy some pretty cool gadgets at a reduced price. As you may already know, Circuit City has announced that they will be closing down a vast number of stores around the world. Well, after visiting one of their locations, I was absolutely a
In a move not terribly shocking after last week’s 100+ store closings, Circuit City has filed for Chapter 11 Bankruptcy.
Circuit City started life in 1949 as the Wards Company, founded by Samuel S. Wurtzel. It changed it’s name officially to Circuit City in 1984 and went nationwide with a chain of warehouse-styled stores, selling electronic [...]
Circuit City which is the US 2 retail electronic shop has filed for bankruptcy protection , They cant even wait until the holiday season sale and they cant withstand the heat of the lenders and the retailers spending has also come down they cant manage the business , already we know they said they are [...]
Many people loss job for the past months. And now Circuit City filed under Chapter 11 of the bankruptcy code, which will allow it to hold off creditors and continue operations while it develops a reorganization plan. Its Canadian operations also filed for similar protection.They decided to file for bankruptcy protection because it was facing pressure from vendors who threatened to withhold product
Circuit City Stores Inc., the nations second-biggest electronics retailer, filed for bankruptcy protection on Monday but plans to stay open for business as the busy holiday shopping season approaches.It filed under Chapter 11 of the bankruptcy code, which will allow it to hold off creditors and continue operations while it develops a reorganization plan.The Richmond, Va.-based company has been str
Just the latest victim of our US recession (many states are currently in recession anyway). Circuit City is closing 20 percent of their stores. The Richmond, VA based company has 700 stores across 55 regions. Many layoffs are on the way.The company also claims that the US federal government owes them $80 million in income tax refunds they are unable to collect!Closing sales are said to begin on
Ok, that’s the latest news riding the Internet during these very hours. It looks like Circuit City is considering shutting a lot of its store (as many as 150 according to The Wall Street Journal) to avoid bankruptcy. An eventual filing would make Circuit City the largest retailer to enter bankruptcy protection in several years. [...]
Rating: 0 Posted By: Wads Views: 227 Replies: 1 Today in Circuit City they have the nuvi 200 on sale for 109.99. They also have stacks of 15 off 100 coupons at the register. The coupons are single use coupons, and each have a different bar code.As you grab the stacks of coupons, make sure that you get the ones for the current time 10/10 through 10/20 not the 11/1 to 11/15 as this would be a
Circuit City (CC) sacked the CEO who ran the company for the past four years. Philip Schoonover held every important job at the retailer from chairman to CEO...
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My sister called me from a Circuit City store last week. She was ready to buy a brand new laptop computer and wanted to know whether or not it was a good deal. I asked her to read the configuration and price to me from the product card and quickly determined that she was staring down a pretty good deal.
My sister then explained to me what else the sales representative at Circuit City wanted her t
Maybe it’s just us, but Sackboy here seems to get cuter by the minute. Anyway, if you’ve visited the LittleBigPlanet News Site before, you’ll find that playing with the virtual stickers can be rather entertaining. Those of you who crave a more hands-on experience should order their copy of LittleBigPlanet from Circuit City, where the [...]
Mi ero riservato di riflettere su questa vicenda più avanti ma la pubblicazione della case history Circuit City vs MAD da parte di PR news mi ha indotto a postare oggi. Come prima cosa segnalo un bellissimo tool 2.0 che si chiama Dipidity e che è semplicemente meraviglioso per chi si occupa di Crisis Management. Come seconda cosa segnalo le case history pubblicate sul sito.Il motivo del post tut
My last trip to Circuit City may be my last. I bought a Linksys router there. When I got back to work and opened the box I found out that the wrong model was in the box. The box was sealed and everything. No problem, I’ll just return it and get another one which has [...]
There are certain gems on the market anyone who call themselves gamers, should not pass. Such as Wal-Mart's $100 gift card with purchase of Ps3, now we have another on our hands and this time it's from Circuit City. Metal Gear Solid 4( By far one of the best gaming experiences) is currently being sold for $49.99 -$10 Off- but it doesn't end there, Circuit City is also giving $10 gift card for anyo
CEO Phillip Schoonover continues to be devoid of any reality......you have to read this.
Circuit City (CC) says its loss widened in the first quarter because of a 11.3% drop in sales at established stores ads it is also suspending its dividend. The soon to be extinct retailer reported a loss of $164.8 million, or $1 per share, compared with a loss of $54.6 million, or 33 cents per share a year a
Circuit City Stores Inc. (NYSE: CC) has reported earnings this morning but the company is also giving some language as though it might not be all that gung-ho...
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Reader Shawn, hailing from sunny and fabulous State College, PA (hey, we’re practically neighbors!), wrote in to inform us that his local Circuit City had restocked Wii consoles and Wii Fit bundles. He received an email from the retail giant (he’s likely signed up for some waiting list thing) and headed on down to his [...]
Rating: 0 Posted By: FatWallette Views: 66 Replies: 0 Circuit City is participating in a CashBack Sale with 3.0% CashBack Available through June 15! Up to $650 Off TVs$300 Off Home Theater SystemsUo to $150 Off GPSUp to $150 Off CamcordersUp to $120 Off PrintersUp to $50 Off Select Wireless Networking ProductsUp to 50% Off Computer AccessoriesUp to 40% Off Office ElectronicsUp to 40% Off Sm
Filed under: Sales
Last week there were a bunch of Wii deals in the Sunday ads. This week, though, there are a handful of DS games with slashed prices instead, all from Circuit City:
The Legend of Zelda: Phantom Hourglass for .50 (Sunday and Monday only)
Cooking Mama for .99
Sonic Rush for .99
Namco Museum for .99
Pokemon Emerald (GBA) [...]
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Samsung 32" Series 5 LCD HDTV $999.99A 1080p resolution means that this television has 1080 rows of pixels vertically. The more pixels a TV has, the clearer the images it can produce. The p stands for progressive scan, which means the TV refreshes every row of pixels during each cycle to produce smoother motion and sharper picture than interlaced scan.Circuit City 10% OFF TVsCoupon Code: 9ZA8KMBAD
Filed under: Misc. Gadgets, Gaming
Oddly enough, the far-fetched proposal is apt to be accepted. Circuit City has reportedly solicited the services of Goldman Sachs to help “negotiate a deal,” which will essentially put the troubled electronics retailer in the hands of someone else. As it stands, Blockbuster looks to be the most interested in picking [...]
NEW YORK - Circuit City Stores Inc. said Friday that it has hired Goldman Sachs & Co. to help it explore strategic alternatives, adding that it will allow video-rental chain Blockbuster Inc. and its largest shareholder, Carl Icahn, to conduct due diligence in Blockbuster's bid to acquire Circuit City. Circuit City said it received a letter from Blockbuster, answering its questions about how Blockbuster can successfully finance the proposed acquisition for more than $1 billion. In April, Blockbuster offered to buy Circuit City for at least $6 a share. Blockbuster's response also included a letter from Icahn, who said, subject to his satisfaction with his due-diligence review of Circuit City, he and his associated entities would "stand ready to purchase
According to a story on Bloomberg News this morning, struggling retailer Circuit City has decided to put itself up for sale. The company is opening its books to Blockbuster and other investors interested in an acquisition. If you recall, i posted a story last week about rumors of the company being on the verge of bankruptcy, which turn out to be untrue.
What does this mean for gift card holders? This is a bit of good news since any effort to keep the company alive means gifts cards will continue to be redeemed. However, as I have mentioned before, if you have a Circuit City gift card, now is the time to use it. Also, I do not recommend buying a Circuit City gift card until the company’s future is clear.
Circuit City (CC) CEO Phil "The Shill" Schoonover must be looking at sales numbers for the current quarter.
Schoonover has finally decided to open the books for Blockbuster (BBI) and billionaire Carl Icahn. A new letter to Blockbuster that was given to Circuit City from Icahn states that, "subject to him being satisfied with his due diligence review of Circuit City to be conducted concurrently with Blockbuster, Mr. Icahn and/or entities affiliated with him stand ready to purchase Circuit...
Continued at Todd Sullivan's ValuePlays
Circuit City Stores, Inc. (NYSE: CC) has finally capitulated. There are two separate announcements this morning, but in reality it is all part of the same...
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Over the last week or so, there have been lots of questions regarding gift card redemption from Circuit City. The questions are based on rumors of the company being on the verge of bankruptcy.
Even though the company was on a recent list of retailers at risk of going under during the recession, i do not believe the company is going to file for bankruptcy soon unless the current offer from Blockbuster to buy Circuit City falls through. If the deal falls through, Circuit City will be under a lot of pressure to do something dramatic to turn itself around. In the absence of a plan, and if the company continues to burn cash, they will have no choice but to file for bankruptcy protection.
As I have recommended before, if you currently hold a Circuit City gift card, now is the time to u
A firm called HBK INVESTMENTS, L.P. has just changed its tune regarding its investment in Circuity City Stores Inc. (NYSE: CC). As of December 31, 2007, HBK-I...
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One the way to buying Circuit City (CC), Blockbuster (BBI) found out it may not have the money to close a deal. Its big shareholder Carl Icahn might help and...
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Techies, just imagine all the stuff you could buy with a FREE $500 Circuit City™ Gift Card! Now make it a reality by getting one today.
See what’s new at Circuit City™—with a $500 gift card, you could own the latest phone, digital camera or flat screen TV. Get started now!
Electronics are constantly being improved—upgrade [...]
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Shares of Circuit City Stores, Inc. (NYSE:CC) are rocketing ahead of the opening bell after the consumer electronics retailer said this morning that it is considering a bid from Blockbuster Inc. (NYSE: BBI) to acquire Circuit City for at least $6.00 per share in cash.
Shares soared 56%, or $2.20, to $6.10 ahead [...]
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Shares of Circuit City Stores, Inc. (NYSE:CC) are rocketing ahead of the opening bell after the consumer electronics retailer said this morning that it is considering a bid from Blockbuster Inc. (NYSE: BBI) to acquire Circuit City for at least $6.00 per share in cash.
Shares soared 56%, or $2.20, to $6.10 ahead [...]
Best line about the Blockbuster (BBI) and Circuit City plan? "Seven years ago this would have been a novel idea"...beautiful..
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Filed under: GPS, Transportation
It may have given him the runaround at first, but it looks like Circuit City is now finally doing the right thing after totally trashing the Honda Civic owned by an 8thcivic.com forum user that goes by the name VTECnical. As you may recall, that damage, which totaled over $12,000 in all, [...]
I started reviewing all of my direct contacts for Closeout and surplus merchandise and then I hear today that both Circuit City and Blockbuster are all over the news. Apparently the Blockbuster corporation has set it sights on acquiring the chain electronics store. I guess due to the competition from Netflix and other online video [...]
When this was first emailed to me I thought the emailer was being a smart a#@. Turns out it is true. How? Why? Haven't shareholders suffered enough? Why does management hate them so much?
Blockbuster (BBI) said it made a $1 to $1.3 billion cash offer in a Feb. 17 letter to Circuit City (CC) Chief Executive Philip Schoonover. They decided to go public with the offer Monday after Circuit City did not provide access to its books. (Read the letter.)
Circuit City said today of Blockbuster they...
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It is the kind of deal that investment bankers trying to save their jobs and desperate CEOs might dream up. Blockbuster (NYSE:BBI) has proposed to buy Circuit...
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Save $300 on Samsung 40" 1080p LCD TV $1399.99 This flat-panel LCD television has a 40” screen, measured diagonally from corner to corner. This screen size is perfect for viewing from 5.3’ to 10.5’ away. A 1080p resolution means that this television has 1080 rows of pixels vertically. The more pixels a TV has, the clearer the images it can produce. The p stands for progressive scan, which means the TV refreshes every row of pixels during each cycle to produce smoother motion and sharper picture than interlaced scan.Free Shipping on orders $24 and up!
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Circuit City Stores, Inc. (CC) earnings highlights for the fourth quarter of fiscal 2008 (ending 2/29/08):
1) Fourth quarter net sales decreased 7.7% to $3.65 billion, and comp store sales declined...
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The devil is always in the details........
Circuit City (CC) reported fiscal fourth quarter (Feb.) earnings of $0.10 per share, excluding non-recurring items, $0.17 better than the First Call consensus that called for a loss of $0.07. Revenues fell 7.7% year-over-year to $3.65 billion versus the $3.79 billion consensus estimate. GAAP EPS was $.03 a share vs a loss vs $.04 last year. Great right? Look closer....
I like to look at the results from "continuing operations". It gives me the...
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Circuit City Stores, Inc. (NYSE: CC) announced something this morning that many thought could not be done. The company is posting a profit. It posted a profit...
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