Results tagged “Closing”
Starting this Sunday, there will be another large, empty storefront in your town. According to Bloomberg, Circuit City will shut its doors for good this weekend.
The end date is slightly earlier than expected, because many locations are running out of inventory. The liquidation company had originally planned to finish out by the end of this month.
Apparently, the sale went well. Of course, not for everyone. Many bargain shoppers were complaining about prices and the extent of the "all sales final" policy. One Boston customer made national headlines after blowing $1,100 on a broken TV. Let the buyer beware of the final bargains!
Circuit City first filed for Chapter 11 in November 2008. By early this year, the retailer had announced plans to liquidate all of its merchandise. -- Rachel Cericola
[Image credit: Header image from Flickr user F33. Used via Creative Commons.]
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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
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Audio, Bankruptcy, Closing, Closing Down, Economy, NHT, Now Hear This, Speaker Company, Speakers