Cadillac Forum - Enthusiast forums for Cadillac Owners - Fire sale starts as Circuit City goes bust ! 30,000 to lose their jobs.

The sale starts today .. read .. learn .. buy well !

The troubled 60-year-old electronics chain tried its best to survive bankruptcy, but to no avail; now, it will liquidate its merchandise and close all 567 remaining stores.

Bloomberg reports that Circuit City Stores Inc. has hired a quartet of liquidators to sell off its existing merchandise, pending a green light from the courts. If everything goes according to plan, the fire sale will start Saturday, Jan 17, and continue through the end of March, according to CNNMoney.com.

Unfortunately for Circuit Citys 30,000+ employees, unemployment awaits.

[align=center]buyer beware!
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Typically, closeout sales are final:
no refunds or exchanges, think twice before snapping up a big-ticket item like an HDTV.
Keep in mind that closeout prices often arent as rock-bottom low as you might think;
compare prices, shop online, dont be fooled by big "75% OFF!" signs on items that have been marked up for the sale.
Often, one can find lower prices elsewhere, with full tech support and guarantees.
Dont be fooled by the atmosphere of "discounts" that it is often drawn by so called discounts from unrealistic prices.

warranties .. read carefully.

"The validity of any outstanding warranties varies for each bankruptcy.

If a retailer goes out of business, the consumer may be able to rely on the manufacturer’s warranty.

If a manufacturer goes out of business, the consumer may be able to rely on any warranties provided by the retailer.

Many extended warranties and service plans are provided and administered by third parties and are typically not affected by a retailer or manufacturer going bust.

Warranties administered by the retailer normally termiante, unless there is a transfer of the warranties either by agreement or by court order."