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Circuit City Liquidation

Don't Expect Deals at Circuit City Liquidation

If you weren't convinced the first time I mentioned that Circuit City's liquidation sales aren't offering unbeatable prices, take it from ABC Action 6 News. The news team investigated the prices at the going-out-of-business chain and discovered that the liquidators are doing a good job and making as much money as possible, so that Circuit City can pay back its creditors. Below are some of the discoveries the team made.

  • A Juno DVD at Circuit City was selling for $21.99 with a 10 percent discount, while the same DVD was selling for only $14.99 at Best Buy.
  • Out of 25 items, 10 were better buys at Best Buy.
  • They found cheaper prices online for all 25 items.

The ABC team gives a smart reminder that none of the items purchased at liquidation sales can be returned. They suggest checking to see that all parts and accessories are accounted for, ensuring that manuals are included, making sure warranties are good, and waiting for more markdowns as the sales continue.

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Join The Conversation
Marci Marci 7 years
We just looked at a surround sound system at Circuit City that we were considering at Christmas-time. It's now $50 more than it was then, then they offer their 'discount', bringing it back to the original price. They must really think we're all stupid.
RockAndRepublic RockAndRepublic 7 years
You'll be taken for a ride if you don't do your homework. Always research. Always! They're not your firends, it's their job to separate you from your money.
ilanac13 ilanac13 7 years
it's interesting to me that they are doing this and that they are actually having success at it, but i guess that people are often swayed by a % discount sign especially when they don't comparison shop. my mom and i went to see if we could find a deal there this past weekend and as it turns out the store had already closed in our area - so no luck for us.
booglass booglass 7 years
Spectra is 100% correct. Companies don't handle liquidations themselves. Instead they hire liquidators who often mark up the prices before marking down. So in the end going out of business sales tend to be spendier.
shydcgirl28 shydcgirl28 7 years
I love the mark-it-up/so-we-can-mark-it-down sales...Circuit City was always more expensive to me than Best Buy.
flyhunnie7 flyhunnie7 7 years
yeah their measly 10% discount sucked. I went there last weekend, and the place was just ransacked, but nothing was really that much cheaper than usual. I did get a cute laptop bag for $18, though.
mnp mnp 7 years
*wasn't as significant as most places that have an "out of business sale".
mnp mnp 7 years
I was there over the weekend. The sale wasn't as significant and now I know why...
lawchick lawchick 7 years
we bought a computer at CC a week or so ago. it wasn't some phenomenal deal, but we spent about $100 less than we were going to spend on a Dell that wasn't quite as good as the HP we ended up getting. That may have nothing to do with the "sale" (could've been a markup and then markdown), but it saved us money so it doesn't really matter. The place was PACKED though
Spectra Spectra 7 years
It's not illegal, just shady. The liquidators just mark everything at MSRP and then mark it down 10% from that. But when Circuit City sells their merchandise, they sell it at a "store price" which is always WAY lower than MSRP. MSRP is sort of this price that they have to see if people will actually pay that much. I used to work in high end retail and we used to put MSRP on all the equipment and then every week, we'd put some items on "sale" and mark it down to our store price so people would think they were getting a deal. What can I say, some people are just gullible I guess.
Marlovestar Marlovestar 7 years
I've been wondering if they were going to slash prices. Guess not. It's understandable, but i'm surprised at consumers that don't do their homework prior to making a purchase.
cordata cordata 7 years
Is it illegal to do that?
steen steen 7 years
I'm not surprised. It'd be one thing if they were going out of business; then they'd have to push the merchandise for as low as possible to get rid of it. But the liquidators are there to MAKE money to try to save the business.
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