Friday, January 30, 2009

Circuit City Liquidation Moving Along Quickly

The four firms conducting the going-out-of-business sale for all Circuit City stores across the country report that 25% of the inventory has sold in the first two weeks of the liquidation. All told there is $1.8 billion in merchandise to be sold, with $450 million gone already.

More discounting starts today, with all plasma TVs being sold for 25% off their original retail price and certain LCDs going for 20% off. Be careful though, because according to this TWICE article some customers have reported that prices were actually higher at Circuit over the last two weeks due to the discounting coming off of the original MSRP rather than sale prices.

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