Tigers X - Number one Source to Talk Auburn Tigers Sports
The Library => Haley Center Basement => Topic started by: Jumbo on January 16, 2009, 01:43:01 PM
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http://www.msnbc.msn.com/id/28691963/?GT1=43001 (http://www.msnbc.msn.com/id/28691963/?GT1=43001)
BREAKING NEWS
msnbc.com news services
updated 1 hour, 53 minutes ago
Circuit City Stores Inc., the nation’s second-biggest consumer electronics retailer, reached an agreement with liquidators on Friday to sell the merchandise in its 567 U.S. stores after failing to find a buyer or a refinancing deal.
The company said in court papers it has appointed Great American Group LLC, Hudson Capital Partners LLC, SB Capital Group LLC and Tiger Capital Group LLC as liquidators. The company’s move to liquidate, first reported by CNBC Friday morning, means the retailer’s 35,000 employees will likely lose their jobs, the financial news channel said.
Calls to the Richmond, Va.-based company and the liquidators were not immediately returned to the Associated Press.
Circuit City filed for Chapter 11 bankruptcy protection in November as vendors started to restrict the flow of merchandise ahead of the busy holiday shopping season.
It had been exploring strategic alternatives since May, when it opened its books to Blockbuster Inc. The Dallas-based movie-rental chain made a takeover bid of more than $1 billion with plans to create a 9,300-store chain to sell electronic gadgets and rent movies and games. Blockbuster withdrew the bid in July because of market conditions.
Circuit City, which said it had $3.4 billion in assets and $2.32 billion in liabilities as of Aug. 31, said in its initial filings that it planned to emerge from court protection in the first half of this year.
Under court protection, Circuit City has broken 150 leases at locations where it no longer operates stores. The company already closed 155 stores in the U.S. in November and December.
U.S. Bankruptcy Judge Kevin Huennekens had given the company permission to liquidate if a buyout was not achieved.
The retailer said Friday it does not anticipate any value will remain from the bankruptcy estate for the holders of its common equity, and added that it will provide more details soon about plans for liquidation of its stores, other assets, and the status of its Canadian operations.
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If yo0 have a Circuit City gift card I guess you're SOL, eh?
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Good riddance. Even their "Going Out of Business" sale was worse than a normal sale at teh HH Greggs.
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I'm glad my printer uses ink sold only at Circuit City!
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This is great news. Bad businesses should go out of business! :clap:
When I can order the same garbage online for 10% less and save the 6% sales tax, what service do they serve? They should have downsized 10 years ago and redefined themselves as an online retailer. They were too busy competing in the superstore market when the superstore market was doomed. It's that simple.
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I'm glad my printer uses ink sold only at Circuit City!
I didn't know Circuit City manufactured printers... "Shirley", you can find these cartridges online somewhere.
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What's wrong with the Circuit City execs? They didn't even asked for a gub'ment bailout!
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What's wrong with the Circuit City execs? They didn't even asked for a gub'ment bailout!
No kidding! Even the porn industry asked for a bailout!
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What's wrong with the Circuit City execs? They didn't even asked for a gub'ment bailout!
I think they figured they could just up their prices by another 20% and treat the customers even shittier than before and all would be well.
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What's going to happen to that dog? That firedog fellow?
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What's going to happen to that dog? That firedog fellow?
He just got knocked the fuck out by the Geek Squad.
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I think they figured they could just up their prices by another 20% and treat the customers even shittier than before and all would be well.
It's always a struggle listening to the floor staff bullshit their way through the features of one of their products... It reminds me of that stereo salesman scene in Boogie Nights. It's why I stopped going there 10 years ago.
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It's always a struggle listening to the floor staff bullshit their way through the features of one of their products... It reminds me of that stereo salesman scene in Boogie Nights. It's why I stopped going there 10 years ago.
I guess the sales people didn't harass enough people into buying those worthless "extra warranties"
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What's going to happen to that dog? That firedog fellow?
He will meet Jumbo's fist.
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Hmmmmm I wonder what the prices on the big screens will be like?
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Hmmmmm I wonder what the prices on the big screens will be like?
My first thought as well.
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They'll probably just mark them up to "Slash" the prices by 75%. Their downfall began when they dropped commission based salaries.
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Immediately went by the one here in Dothan today. I'm actually in the market for some mid range size TVs. The 32" were all in the $475 to $699 range. Not too bad overall. I'm also looking for a small flat screen to mount in the kitchen and the 19" etc. were around $275 to $350.
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Immediately went by the one here in Dothan today. I'm actually in the market for some mid range size TVs. The 32" were all in the $475 to $699 range. Not too bad overall. I'm also looking for a small flat screen to mount in the kitchen and the 19" etc. were around $275 to $350.
Sounds rapey to me.
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Sounds rapey to me.
Sometimes, if rape is inevitable...you should lay back and enjoy it.
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Immediately went by the one here in Dothan today. I'm actually in the market for some mid range size TVs. The 32" were all in the $475 to $699 range. Not too bad overall. I'm also looking for a small flat screen to mount in the kitchen and the 19" etc. were around $275 to $350.
Yeah, that is not really a good price. Heck, Wally World has a 32" 720p Vizio for under $400. I saw a 19" at Sam's Club this past week for $229.
I have never had a good experience in Circuit City. The one in Huntsville apparently only employed 3 people and was stocked by 1st graders.
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Immediately went by the one here in Dothan today. I'm actually in the market for some mid range size TVs. The 32" were all in the $475 to $699 range. Not too bad overall. I'm also looking for a small flat screen to mount in the kitchen and the 19" etc. were around $275 to $350.
Best Buy and Walmart destroy there prices, peace out Biatch.
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I'll check out some other places before I buy. Those are just good prices for Circuit Titties. They're normally $100 or two more than that. However......I DON'T do Wal Mart.
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Sometimes, if rape is inevitable...you should lay back and enjoy it.
Wow you managed to JJ's speech to the Auburn faithfull about the hiring of the chizpanzee worked into a thread about Circuit City.
You are the man.
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Wow you managed to JJ's speech to the Auburn faithfull about the hiring of the chizpanzee worked into a thread about Circuit City.
You are the man.
Thanks again kaos for bringing this complete douche bag on board.
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Sorry Tiger I love the school too much to just sit back and enjoy watching it get raped. But don't worry by mid Oct at the latest you'll get on board the Greaseyweasel straight talk express.
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Sorry Tiger I love the school too much to just sit back and enjoy watching it get raped. But don't worry by mid Oct at the latest you'll get on board the Greaseyweasel straight talk express.
Reading your posts, I can't help but get the feeling that you hope CGC fails just so you can be proved right.
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Sorry Tiger I love the school too much to just sit back and enjoy watching it get raped. But don't worry by mid Oct at the latest you'll get on board the Greaseyweasel straight talk express.
Whatever dude. Too much breath has been wasted on you already it would seem. I think you are a fucking worthless troll sent here to test this boards patience with it's no banning policy. I can see why other forums have kicked your ass to the curb. This isn't the football forum yet you feel the need to bring your festering attitude about chizik over here and infect threads as well. I am about ready to put you on manual ignore and let you blather away. Please leave the weasel picture there. It will be the indicator to scroll past and go to the next post.
Thanks again kaos, you have done the board a great favor.
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OK tiger to just help you shake your hormonal fluctuations I'll not ever bring up the fucked up chizik hire on anything besides the football part of the forum again.
Oh and I may not be liked on the goody goody hoorah fan boy boards, but I haven't been banned either.
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Reading your posts, I can't help but get the feeling that you hope CGC fails just so you can be proved right.
Nope my salty friend I do want desperatly to be wrong. But what am I supposed to do? Stand back and wait till it has time to poison years to come down the road? But enough of that on here. :tits: