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Please see the most recent updates in the "Where did the .com name go?" thread. Posts number 16 and 17.
Circuit City calls it quits: 30,000 to lose their jobs
- Thread starter hey_moe
- Start date
"The fates of outstanding warranties, its Firedog repair service, and Canadian stores are still to be determined, according to the company."
That's worries me the most. I have a couple of things with warranties on them.
But you are correct: very sad. I feel for all of those employees.
That's worries me the most. I have a couple of things with warranties on them.
But you are correct: very sad. I feel for all of those employees.
The jobs situation is getting worse. My stepson works a factory near here that makes copper parts for airconditioners. They've laid off the entire night shift effective today. Fortunately for Derek he's got just enough seniority that he's getting to keep his job.
Not only are there fewer jobs, but there's more people needing one.
Not only are there fewer jobs, but there's more people needing one.
One of CC biggest down fall was when they sold those extended,replacement warranties. Instead of holding off on that money they spent it on all the wrong things. As a result when it came time to replace the junk that is being made in this day and time they lost out and the gamble failed.:faint:
Craig Taylor
SOH-CM-2025
I just bought a new TV last month and added one of those warranties. I feel like an idiot now.
bearcat241
SOH-CM-2023
Well, hell....the old crystal ball was broken at the time so you're off the hook now. Give yourself a break, you can't see everything coming no matter how hard you look.
What we're seeing in today's bizworld is a prime example of darwin's theory played out in plain view on the big screen. In the end natural selection always sorts the winners and losers. It just a shame that with so much book-cooking and shady dealing in the boardrooms and ivory towers, its virtually impossible for investors, consumers and workers to know the true fiscal and management strength of even the most reputable companies these days. What may have seemed like a solid employer and provider of goods/services just year ago is a bankruptcy petitioner today.
Cazzie
SOH-CM-2024
And rumors abound in my area that IBM will be laying off around 16,000 people, mostly at the US. Guess Raleigh's traffic will be less in the future.
When IBM moved in in the early 80s, the re was an influx of people so rapidly that the road system could not contain it. Traffic was worse in Raleigh than in DC.
Caz
When IBM moved in in the early 80s, the re was an influx of people so rapidly that the road system could not contain it. Traffic was worse in Raleigh than in DC.
Caz
Circuit City's demise started years ago and recent poor management decisions simply put the final nails into the coffin. I'm sorry to see them go as that is a local company and they employ over 2000 people in the Richmond, VA area. It also means less competition in the market place and that is usually a bad thing.
As for extended warranties, I don't buy them. With most electronics a failure is likely to occur very soon after purchase unless it is poorly made and designed to last only for the factory warranty period.
As for extended warranties, I don't buy them. With most electronics a failure is likely to occur very soon after purchase unless it is poorly made and designed to last only for the factory warranty period.
cheezyflier
Charter Member
here in sunny canadia, their name is "the source"
i recently went in there to purchase some rechargeable batteries ($17 for 2 AAA!!!!) and they asked me if i wanted an extended warranty on them.
what a joke. after i said no thanks, i said to the guy, "circuit city went chaper 11 not that long ago, and they might fold. why are you still selling warrantees that you won't be around to honor?" the guy told me that they're making $$ and they won't be affected.
....and the dish ran away with the spoon
i recently went in there to purchase some rechargeable batteries ($17 for 2 AAA!!!!) and they asked me if i wanted an extended warranty on them.
what a joke. after i said no thanks, i said to the guy, "circuit city went chaper 11 not that long ago, and they might fold. why are you still selling warrantees that you won't be around to honor?" the guy told me that they're making $$ and they won't be affected.
....and the dish ran away with the spoon
Craig Taylor
SOH-CM-2025
The main reason I bought the warranty was for the in-home service and free replacement if the TV went bad. It ain't gonna be easy to ship a 40" flat screen back to the manufacturer. 
MaddogK
Sim Junkie
The main reason I bought the warranty was for the in-home service and free replacement if the TV went bad. It ain't gonna be easy to ship a 40" flat screen back to the manufacturer.
Try sending a 60 in plasma back for service. I intend to go to CC today for a refund of my 300 dollar extended warranty/replacement on my 4 month old TV.
Perhaps a class-action suit from us warranty holders would be in order.
Panther_99FS
Retired SOH Administrator
Before employees had the Red "Circuit City" T-shirts, I remember the women in sales would dress in push-up bra's, plunging necklines, short & tight skirts, with high heels..
Yep, I knew they were on commission then.....
Yep, I knew they were on commission then.....
M
MCDesigns
Guest
dang, that is my kinda shopping experience, can't believe I missed that!
I feel for the employees, that has got to suck!
Thought about going to see what I could get a deal on, but if they brought a liquidation company in, then you can forget about any deals, LOL.
I do not know if it is possible to successfully sue a bankrupt company. Circuit City is not reorganizing, they are closing and selling their current assets to pay back some of their debts.
icycle
SOH-CM-2024
Dang, I musta worked in the wrong ones!!!
I worked in 11, and managed 4 of them (I haven't worked for them in 7 years). All I can say, is we always seemed to have 90% guys working in the stores. The girls we had working for us we NOT allowed to wear short skirts, like at all. If they showed up in provocative clothing they were sent home to change. If the Store Manager ever got caught NOT enforcing that policy, they were in for some SERIOUS pain.
As for all in a "panic" about their service contracts/Performance gurantees, make sure you read the fine print. In order for those to be sold in most states, they had to be guaranteed by a 3rd party (similar tro insurance) who takes over the contract if the business fails (which it did). You should still be covered, its just the procedure might be a little different.
As for the "class action suit", while I fell your pain, but just who are you going to sue? Even if you did win, you would be so "subordinated" on the list of creditors, you would be lucky to see anything.
I'm not defending Circuit City, they made a lot of really stupid errors that inevitably lead to this outcome. I saw the "writing on the wall" in 2001, and moved on. I do have to say, back in the day, when it was going good, the store was busy, our customers were satisfied, it was the best job I ever had.
Just my 2 cents.
Bill
Now thats my kind of a CC. :woot: