November 03, 2008 by Arlen Schweiger
We knew things weren’t going well for Circuit City, and today the electronics retailer has announced what it’s going to do—starting by closing 155 stores and laying off thousands of people.
The company has posted a letter dated today on the investor relations page of its website (in PDF format) that details the closings, and also says that “guests” will still be treated to “superior service.”
Following in the footsteps of Tweeter’s sale to liquidators, it looks like liquidators will be taking over Circuit City’s stores that will shutter soon, notes The Consumerist and CE Pro.
One Circuit City insider told The Consumerist: “A team of liquidators will be coming in and taking control of the store. They will set prices as they see fit, and price match guarantee, employee discounts, CC circulars, and the new one price guarantee are all out the window. The price you see is the price you will pay, although it ought to be at a bit of a discount. Firedog services as well as car audio installation are gone immediately.”
If you do have items awaiting Firedog installation, you may need to have it moved to another Circuit City store. You can see if your local store is affected by clicking here for the listing of store closings.
Circuit City will apparently be engaging in the store closings and layoffs on or before December 31, 2008.
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Arlen writes about home technology installations and product news and reviews for electronichouse.com
and Electronic House magazine.
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