There is a lot of buzz out there about Circuit City closing down all their stores, liquidating their inventory and cutting a heartbreaking 30,000+ jobs. It doesn’t take an analyst to point out that it won’t be the last big business to do so. According to the WashingtonPost.com: “Last year, there were 64,318 commercial bankruptcy filings, the most since 2005…”
If you are one of the many small businesses who see an opportunity to get some new office equipment at a low price, beware. You might not be getting the deal you are anticipating.
Circuit City passed control of the stores over to liquidators who are selling off the merchandise. If you’re expecting deep sales, you’re going to be disappointed. According to an older (but still informative) TechGear post and the comments from former Circuit City employees, the sales are most likely based off of MSRP or Manufacturer’s Suggested Retail Price. These prices are generally much higher than the pricing you would see on a normal Circuit City sale. So in most cases, you’ll be paying more for items than you would have at Circuit City’s last big sale.
The more you know…
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