Circuit City goes into liquidation

[Slimprofits]

Re: Circuit City goes into liquidation

I went to the malls in Santa Rosa yesterday. Granted it's a weekday, but it's also school vacation week. I was surprised at the lack of NorCal hipster teens in the joint. Every store, accept for the Mac store was pretty much empty.

One thing that amazes me about California is In 'N Out Burger. I don't think too many people not in the state know this, but they actually start the lowest paid employees with at least $10 an hour. The one that I go to in Marin starts them at $12. Good on them. No bailouts either. And they're expanding into Utah and Arizona as I type this.

[BadJuju]

Re: Circuit City goes into liquidation

One thing that amazes me about California is In 'N Out Burger. I don't think too many people not in the state know this, but they actually start the lowest paid employees with at least $10 an hour. The one that I go to in Marin starts them at $12. Good on them. No bailouts either. And they're expanding into Utah and Arizona as I type this.

Awesome! Too bad they are not really producing something of value.

[Uno]

Re: Circuit City goes into liquidation

With multipe laptops, LCD TVs, and cars. Most folks are loaded up on electronics, blenders, cars, bikes, ...

The problem is there are no buyers, no matter the price, job or no job. A few will sell at 90% off to the true laggards that still have tube TVs, ...

The world wide buying binge is done and we are going in a depression, no inflation for 10-20 years.

It will be worse then the great depression in some ways, in some ways better because Americans will not starve. Life will not be worse, just different unless you measure yourself by how much you shop.

Basic clothing and such will still sell, beer and wine, that is what I'm invested in...

[metalman]

Re: Circuit City goes into liquidation

no inflation for 10-20 years.

got this part wrong.

[whitetower]

Re: Circuit City goes into liquidation

One thing that amazes me about California is In 'N Out Burger. I don't think too many people not in the state know this, but they actually start the lowest paid employees with at least $10 an hour. The one that I go to in Marin starts them at $12. Good on them. No bailouts either. And they're expanding into Utah and Arizona as I type this.

Yep -- one opened two weeks ago at the new power center near me (north Phoenix). Too bad for the developer the Linens & Things and Circuit City closed.

[Slimprofits]

Re: Circuit City goes into liquidation

Awesome! Too bad they are not really producing something of value.

That's ridiculous. Just because it can't be exported, doesn't mean it doesn't have value. And if it's a tangent about the quality of the food that you're after, just take a look at this. Don't think for a second that I don't value the meals eaten there. I usually stop as a break on long road trips and the other choices are much, much worse.

Point is, this looks like a model company.

[BiscayneSunrise]

Re: Circuit City goes into liquidation

Diageo (owner of Guinness, Smirnoff, etc) also down.

[srivatsan]

Re: Circuit City goes into liquidation

Just a thought....
Since CircuitCity is flooding the market with liquidation, I expect that BestBuy may not have first three quarters in profit mode as the market is super-saturated with electronic goods. Hmmm.. Would this push BestBuy to liqudation ?
-S