Results tagged “Closing Down”
Don't cry too much for Circuit City's demise. According to CrunchGear, the retailer may not be dead just yet.
Just don't expect to see the lights go on at any of those empty storefronts. Instead, the retailer might make its comeback online. The above message currently serves as the site's placeholder. Notice the part that says:
CircuitCity.com is also temporarily closed, although we anticipate the website will reopen in the coming weeks. Please check back for updates.
Aha. Maybe Circuit City still has product to unload. Maybe they just liked CompUSA's business model/path. Unless they have some extremely cheap prices, they are going to have a lot of competition from Amazon, NewEgg and TigerDirect. We'll see what happens. -- Rachel Cericola
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Now Hear This: NHT is going bye-bye.
Well, according to the audio maker, it's not the end of the line; it just sounds that way. Earlier this week, the company sent out an email stating that March 31, 2009 would be its last day for doing business.
Don't expect a fire sale, either. The company also said that it was selling all of its stock to existing dealers and distributors. Then they would finishing paying bills and close up shop.
They also made the point of stating that the company was not bankrupt. Not sure if it even matters, but maybe they just don't want to go out with the same carnage that Tweeter left behind.
The company sounds like they plan to come back at some other time, possibly in another form. For now, you can still expect customer and repair services, as well as any warranties and the website, to remain intact.
CE Pro has the entire email that was released earlier this week. -- Rachel Cericola
Tags:
Audio, Bankruptcy, Closing, Closing Down, Economy, NHT, Now Hear This, Speaker Company, Speakers