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Astronomy vendors and their "sales"
This story reminded me of astronomy vendors, their so called sales and
their excuses for insignificant discounts in a severe recession while their sales continue to dry up. No discount = No sales = Out of business Looks like a repeat of the Post Comet Halley vendor loss is coming.... TMT February 23, 2009 10:39 AM PST Last days of Circuit City: Lousy bargains, rumpled salespeople I remember when "liquidation" meant something. There was a small electronics store in my area that was closing down a few years back. Signs all over read "Liquidation Sale." In the store, I found prices slashed considerably. Some good stuff was 75 percent off. It was a fire sale, and it was fantastic. That was a going-out-of-business sale done right. What Circuit City is doing now, though, I don't get. The company is shutting down, as we all know. But I was still shocked when I went into Circuit City this past weekend and found a store that was a shadow of its former self. The signature red shirts on employees were ditched in favor of jeans and sweatshirts; DVD sales racks that were once barely browsed were overrun by customers who couldn't help but dive in to the store's 50 percent off DVD sale. But the real bargains that Circuit City claimed we all would love weren't so sexy after all. I need a new HDTV. Usually, I buy my HDTVs from Amazon.com because I've found it has the best prices and delivery service. But since I knew Circuit City was going out of business, I decided to make a trek down there to see if there were any hidden gems at a good price. Signs said the TVs were 30 percent off, and when I looked around, I realized the inventory wasn't picked over, as I had feared. There were some nice Sony LCDs on the shelves, as well as Panasonic plasmas. I was drawn to the Panasonic TH-58pz800u, which was on sale for approximately $2,600 at the store. I own the 50-inch model of that plasma and couldn't be more pleased with its quality. So when I saw it offered at such a discount, the wheels started turning and I was thinking about how I was going to be able to fit it into the back of my SUV. But then I checked Amazon's price. To my surprise, Amazon was offering the HDTV at an even more attractive price: $2,372. So I decided to find one of the Circuit City salespeople to ask if they matched pricing that online companies were offering. I searched far and wide for their signature red shirt and could find just two people wearing it. Thinking the company must have laid off some staff, I went back to examining the HDTV, when a twenty-something guy dressed in a hoodie, baggy jeans, sneakers, and a crooked Mets hat walked over to me and asked if I needed help. At first, I didn't realize he was an employee and I looked at him without saying anything. Then he told me that he works at Circuit City, he's just not required to wear his uniform anymore ("After all, am I gonna get fired?") and that's why I didn't recognize him as a salesperson. So I asked him if the company matched pricing and showed him my iPhone, which was displaying Amazon's price of the same Panasonic plasma. His response was short and biting: "Nope. We don't do that anymore." You don't do that anymore? How is it possible that a company that needs to liquidate its entire inventory won't sell a product to a customer for $200 less? It's a guaranteed sale! Of course, explaining that to this salesperson would have fallen on deaf ears since he wasn't in a position to make any decisions and I don't think he would have cared if he could. He's there until the end of March--that's the deadline the employees have been given at this store--and after that, he's on to bigger and better things. Why should he care if Circuit City, a company that has laid him off, will be getting my money or not? For comparison's sake, I went to Best Buy across the street to see if it had that same Panasonic plasma and to ask its salespeople if they would match the Amazon price. After just a few minutes of browsing, a Best Buy salesperson in the signature blue shirt came up to me and asked if I needed help. When I asked her if they would match pricing, she said, "Absolutely." In no time, she asked her manager if they could match my price on the Panasonic HDTV and he came over to assure me that they could and the offer was on the table indefinitely--I didn't need to take it right that second if I didn't want it. In spite of the Circuit City going-out-of-business sale across the street, the Best Buy was overrun with customers, the company's blue shirts were everywhere, and people were rushing to the checkout lines. Even in its dying days when it should be the price leader and the most willing to sell products, Circuit City still doesn't "get" it. Under the guise of "Everything Must Go!" sales, Circuit City's liquidators are doing their best to feign value to squeeze every dime out of customers just one last time. Maybe it works (the company announced it has sold $1 billion in merchandise over the past month), but I still think it's a sad state of affairs. Circuit City is still a wrinkled mess. Meanwhile, Best Buy is as vital as ever. |
#2
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Astronomy vendors and their "sales"
I think a lot of astronomy vendors are operating on a shoestring. A
few big ones like Orion are doing well, but most of the smaller outfits are selling stuff at cost or slightly above. The margins on astronomy items, especially telescopes, are razor thin. You cannot expect any of them to lower their prices and sell stuff for less than they owe to the manufacturers. For these dealers, profits on some of the popular large telescopes will get you a 6 pack of Budweiser. Rolando On Mar 2, 11:41*am, Too_Many_Tools wrote: This story reminded me of astronomy vendors, their so called sales and their excuses for insignificant discounts in a severe recession while their sales continue to dry up. No discount = No sales = Out of business Looks like a repeat of the Post Comet Halley vendor loss is coming.... TMT February 23, 2009 10:39 AM PST Last days of Circuit City: Lousy bargains, rumpled salespeople I remember when "liquidation" meant something. There was a small electronics store in my area that was closing down a few years back. Signs all over read "Liquidation Sale." In the store, I found prices slashed considerably. Some good stuff was 75 percent off. It was a fire sale, and it was fantastic. That was a going-out-of-business sale done right. What Circuit City is doing now, though, I don't get. The company is shutting down, as we all know. But I was still shocked when I went into Circuit City this past weekend and found a store that was a shadow of its former self. The signature red shirts on employees were ditched in favor of jeans and sweatshirts; DVD sales racks that were once barely browsed were overrun by customers who couldn't help but dive in to the store's 50 percent off DVD sale. But the real bargains that Circuit City claimed we all would love weren't so sexy after all. I need a new HDTV. Usually, I buy my HDTVs from Amazon.com because I've found it has the best prices and delivery service. But since I knew Circuit City was going out of business, I decided to make a trek down there to see if there were any hidden gems at a good price. Signs said the TVs were 30 percent off, and when I looked around, I realized the inventory wasn't picked over, as I had feared. There were some nice Sony LCDs on the shelves, as well as Panasonic plasmas. I was drawn to the Panasonic TH-58pz800u, which was on sale for approximately $2,600 at the store. I own the 50-inch model of that plasma and couldn't be more pleased with its quality. So when I saw it offered at such a discount, the wheels started turning and I was thinking about how I was going to be able to fit it into the back of my SUV. But then I checked Amazon's price. To my surprise, Amazon was offering the HDTV at an even more attractive price: $2,372. So I decided to find one of the Circuit City salespeople to ask if they matched pricing that online companies were offering. I searched far and wide for their signature red shirt and could find just two people wearing it. Thinking the company must have laid off some staff, I went back to examining the HDTV, when a twenty-something guy dressed in a hoodie, baggy jeans, sneakers, and a crooked Mets hat walked over to me and asked if I needed help. At first, I didn't realize he was an employee and I looked at him without saying anything. Then he told me that he works at Circuit City, he's just not required to wear his uniform anymore ("After all, am I gonna get fired?") and that's why I didn't recognize him as a salesperson. So I asked him if the company matched pricing and showed him my iPhone, which was displaying Amazon's price of the same Panasonic plasma. His response was short and biting: "Nope. We don't do that anymore." You don't do that anymore? How is it possible that a company that needs to liquidate its entire inventory won't sell a product to a customer for $200 less? It's a guaranteed sale! Of course, explaining that to this salesperson would have fallen on deaf ears since he wasn't in a position to make any decisions and I don't think he would have cared if he could. He's there until the end of March--that's the deadline the employees have been given at this store--and after that, he's on to bigger and better things. Why should he care if Circuit City, a company that has laid him off, will be getting my money or not? For comparison's sake, I went to Best Buy across the street to see if it had that same Panasonic plasma and to ask its salespeople if they would match the Amazon price. After just a few minutes of browsing, a Best Buy salesperson in the signature blue shirt came up to me and asked if I needed help. When I asked her if they would match pricing, she said, "Absolutely." In no time, she asked her manager if they could match my price on the Panasonic HDTV and he came over to assure me that they could and the offer was on the table indefinitely--I didn't need to take it right that second if I didn't want it. In spite of the Circuit City going-out-of-business sale across the street, the Best Buy was overrun with customers, the company's blue shirts were everywhere, and people were rushing to the checkout lines. Even in its dying days when it should be the price leader and the most willing to sell products, Circuit City still doesn't "get" it. Under the guise of "Everything Must Go!" sales, Circuit City's liquidators are doing their best to feign value to squeeze every dime out of customers just one last time. Maybe it works (the company announced it has sold $1 billion in merchandise over the past month), but I still think it's a sad state of affairs. Circuit City is still a wrinkled mess. Meanwhile, Best Buy is as vital as ever. |
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Astronomy vendors and their "sales"
Rolando, it was my understanding during the heyday of Meade & Celestron,
that the dealer margin on a decked-out SCT was around $200. A friend who was a businessman himself (he made roll-up doors) inquired about this when he bought a 12-inch Meade LX-200. And since M and C advertised prices with such low margins, nobody dared raise their own prices to a more profitable level, and nobody could afford to lower the prices further. Dealers and manufacturers made their big money on accessories and on those Christmas-time department store scopes everybody here sniffs at. I suppose a small dealer could get the fancy SCT drop-shipped from the manufacturer, so at least they wouldn't have to keep inventory. But they did have to have a showroom. Viewed that way, the mass-produced Meade or Celestron SCT -- made in USA, no less -- was the bargain of the astronomical century. That's what I was told, anyway. Please feel free to refute. As for the liquidation company disposing of Circuit City -- there must be an aspect of their business that I don't understand. I realize that what they're doing right now is selling this stuff to people who think they're getting a bargain, even when they're not. But the liquidators must inevitably wind up with a lot of unsold product, most of which becomes obsolete as soon as next-year's product line comes out. So how do they get rid of this leftover junk and still make a profit? -- Curtis Croulet Temecula, California 33°27'59"N, 117°05'53"W |
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Astronomy vendors and their "sales"
On Mar 2, 1:12*pm, "Curtis Croulet"
wrote: Rolando, it was my understanding during the heyday of Meade & Celestron, that the dealer margin on a decked-out SCT was around $200. *A friend who was a businessman himself (he made roll-up doors) inquired about this when he bought a 12-inch Meade LX-200. *And since M and C advertised prices with such low margins, nobody dared raise their own prices to a more profitable level, and nobody could afford to lower the prices further. *Dealers and manufacturers made their big money on accessories and on those Christmas-time department store scopes everybody here sniffs at. *I suppose a small dealer could get the fancy SCT drop-shipped from the manufacturer, so at least they wouldn't have to keep inventory. *But they did have to have a showroom. *Viewed that way, the mass-produced Meade or Celestron SCT -- * made in USA, no less -- was the bargain of the astronomical century. That's what I was told, anyway. *Please feel free to refute. Curtis Croulet Temecula, California 33°27'59"N, 117°05'53"W No need to refute. It's still that way today. Rolando |
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Astronomy vendors and their "sales" --Circuit City
"Curtis Croulet" wrote:
As for the liquidation company disposing of Circuit City -- there must be an aspect of their business that I don't understand. I realize that what they're doing right now is selling this stuff to people who think they're getting a bargain, even when they're not. But the liquidators must inevitably wind up with a lot of unsold product, most of which becomes obsolete as soon as next-year's product line comes out. So how do they get rid of this leftover junk and still make a profit? They won't. Circuit City isn't in receivership yet. They have filed for Chapter 11 bankruptcy (liquidation), but the process doesn't happen overnight, especially for a company with an annual revenue of multiple $billions. Right now, Circuit City is just selling off inventory, getting as much as they can for it to pay off whatever debts they can. Once that's done, the bankruptcy court will sell off the remaining assets at auction and divide whatever proceeds they obtain among whatever creditors there are. That won't happen until May. http://www.kccllc.net/circuitcity -- Dave |
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Astronomy vendors and their "sales"
Anyone who thinks the big electronic retailers who sell to the soccer moms
would offer anything like the most competitive prices is a blockhead. |
#7
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Astronomy vendors and their "sales"
On Mar 2, 12:14*pm, wrote:
I think a lot of astronomy vendors are operating on a shoestring. A few big ones like Orion are doing well, but most of the smaller outfits are selling stuff at cost or slightly above. The margins on astronomy items, especially telescopes, are razor thin. You cannot expect any of them to lower their prices and sell stuff for less than they owe to the manufacturers. For these dealers, profits on some of the popular large telescopes will get you a 6 pack of Budweiser. Rolando On Mar 2, 11:41*am, Too_Many_Tools wrote: This story reminded me of astronomy vendors, their so called sales and their excuses for insignificant discounts in a severe recession while their sales continue to dry up. No discount = No sales = Out of business Looks like a repeat of the Post Comet Halley vendor loss is coming.... TMT February 23, 2009 10:39 AM PST Last days of Circuit City: Lousy bargains, rumpled salespeople I remember when "liquidation" meant something. There was a small electronics store in my area that was closing down a few years back. Signs all over read "Liquidation Sale." In the store, I found prices slashed considerably. Some good stuff was 75 percent off. It was a fire sale, and it was fantastic. That was a going-out-of-business sale done right. What Circuit City is doing now, though, I don't get. The company is shutting down, as we all know. But I was still shocked when I went into Circuit City this past weekend and found a store that was a shadow of its former self. The signature red shirts on employees were ditched in favor of jeans and sweatshirts; DVD sales racks that were once barely browsed were overrun by customers who couldn't help but dive in to the store's 50 percent off DVD sale. But the real bargains that Circuit City claimed we all would love weren't so sexy after all. I need a new HDTV. Usually, I buy my HDTVs from Amazon.com because I've found it has the best prices and delivery service. But since I knew Circuit City was going out of business, I decided to make a trek down there to see if there were any hidden gems at a good price. Signs said the TVs were 30 percent off, and when I looked around, I realized the inventory wasn't picked over, as I had feared. There were some nice Sony LCDs on the shelves, as well as Panasonic plasmas. I was drawn to the Panasonic TH-58pz800u, which was on sale for approximately $2,600 at the store. I own the 50-inch model of that plasma and couldn't be more pleased with its quality. So when I saw it offered at such a discount, the wheels started turning and I was thinking about how I was going to be able to fit it into the back of my SUV. But then I checked Amazon's price. To my surprise, Amazon was offering the HDTV at an even more attractive price: $2,372. So I decided to find one of the Circuit City salespeople to ask if they matched pricing that online companies were offering. I searched far and wide for their signature red shirt and could find just two people wearing it. Thinking the company must have laid off some staff, I went back to examining the HDTV, when a twenty-something guy dressed in a hoodie, baggy jeans, sneakers, and a crooked Mets hat walked over to me and asked if I needed help. At first, I didn't realize he was an employee and I looked at him without saying anything. Then he told me that he works at Circuit City, he's just not required to wear his uniform anymore ("After all, am I gonna get fired?") and that's why I didn't recognize him as a salesperson. So I asked him if the company matched pricing and showed him my iPhone, which was displaying Amazon's price of the same Panasonic plasma. His response was short and biting: "Nope. We don't do that anymore." You don't do that anymore? How is it possible that a company that needs to liquidate its entire inventory won't sell a product to a customer for $200 less? It's a guaranteed sale! Of course, explaining that to this salesperson would have fallen on deaf ears since he wasn't in a position to make any decisions and I don't think he would have cared if he could. He's there until the end of March--that's the deadline the employees have been given at this store--and after that, he's on to bigger and better things. Why should he care if Circuit City, a company that has laid him off, will be getting my money or not? For comparison's sake, I went to Best Buy across the street to see if it had that same Panasonic plasma and to ask its salespeople if they would match the Amazon price. After just a few minutes of browsing, a Best Buy salesperson in the signature blue shirt came up to me and asked if I needed help. When I asked her if they would match pricing, she said, "Absolutely." In no time, she asked her manager if they could match my price on the Panasonic HDTV and he came over to assure me that they could and the offer was on the table indefinitely--I didn't need to take it right that second if I didn't want it. In spite of the Circuit City going-out-of-business sale across the street, the Best Buy was overrun with customers, the company's blue shirts were everywhere, and people were rushing to the checkout lines. Even in its dying days when it should be the price leader and the most willing to sell products, Circuit City still doesn't "get" it. Under the guise of "Everything Must Go!" sales, Circuit City's liquidators are doing their best to feign value to squeeze every dime out of customers just one last time. Maybe it works (the company announced it has sold $1 billion in merchandise over the past month), but I still think it's a sad state of affairs. Circuit City is still a wrinkled mess. Meanwhile, Best Buy is as vital as ever.- Hide quoted text - - Show quoted text - Rolando...I am sympathetic to the plight of vendors but the reality is this. No discount = No sales = Out of business in this recession. If they cannot survive, then it is time for them to sell out and move on to more profitable lines of retailing. TMT |
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Astronomy vendors and their "sales"
On Mar 2, 1:12*pm, "Curtis Croulet"
wrote: Rolando, it was my understanding during the heyday of Meade & Celestron, that the dealer margin on a decked-out SCT was around $200. *A friend who was a businessman himself (he made roll-up doors) inquired about this when he bought a 12-inch Meade LX-200. *And since M and C advertised prices with such low margins, nobody dared raise their own prices to a more profitable level, and nobody could afford to lower the prices further. *Dealers and manufacturers made their big money on accessories and on those Christmas-time department store scopes everybody here sniffs at. *I suppose a small dealer could get the fancy SCT drop-shipped from the manufacturer, so at least they wouldn't have to keep inventory. *But they did have to have a showroom. *Viewed that way, the mass-produced Meade or Celestron SCT -- * made in USA, no less -- was the bargain of the astronomical century. That's what I was told, anyway. *Please feel free to refute. As for the liquidation company disposing of Circuit City -- there must be an aspect of their business that I don't understand. *I realize that what they're doing right now is selling this stuff to people who think they're getting a bargain, even when they're not. *But the liquidators must inevitably wind up with a lot of unsold product, most of which becomes obsolete as soon as next-year's product line comes out. *So how do they get rid of this leftover junk and still make a profit? -- Curtis Croulet Temecula, California 33°27'59"N, 117°05'53"W They sell it to another liquidatior further down the tier. Liquidation is a business just like any other. "Liquidation" is just another buzzword to bring the suckers in. The lesson...always do your homework as to what anything is REALLY worth. It applies to all property...houses, cars, computers, plasma tvs...and telescopes. We are seeing deflation along with increasing depreciation rates on all personal property...and that also applies to telescopes. TMT |
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Astronomy vendors and their "sales"
On Mar 2, 4:59*pm, Too_Many_Tools wrote:
On Mar 2, 12:14*pm, wrote: I think a lot of astronomy vendors are operating on a shoestring. A few big ones like Orion are doing well, but most of the smaller outfits are selling stuff at cost or slightly above. The margins on astronomy items, especially telescopes, are razor thin. You cannot expect any of them to lower their prices and sell stuff for less than they owe to the manufacturers. For these dealers, profits on some of the popular large telescopes will get you a 6 pack of Budweiser. Rolando On Mar 2, 11:41*am, Too_Many_Tools wrote: This story reminded me of astronomy vendors, their so called sales and their excuses for insignificant discounts in a severe recession while their sales continue to dry up. No discount = No sales = Out of business Looks like a repeat of the Post Comet Halley vendor loss is coming..... TMT February 23, 2009 10:39 AM PST Last days of Circuit City: Lousy bargains, rumpled salespeople I remember when "liquidation" meant something. There was a small electronics store in my area that was closing down a few years back. Signs all over read "Liquidation Sale." In the store, I found prices slashed considerably. Some good stuff was 75 percent off. It was a fire sale, and it was fantastic. That was a going-out-of-business sale done right. What Circuit City is doing now, though, I don't get. The company is shutting down, as we all know. But I was still shocked when I went into Circuit City this past weekend and found a store that was a shadow of its former self. The signature red shirts on employees were ditched in favor of jeans and sweatshirts; DVD sales racks that were once barely browsed were overrun by customers who couldn't help but dive in to the store's 50 percent off DVD sale. But the real bargains that Circuit City claimed we all would love weren't so sexy after all. I need a new HDTV. Usually, I buy my HDTVs from Amazon.com because I've found it has the best prices and delivery service. But since I knew Circuit City was going out of business, I decided to make a trek down there to see if there were any hidden gems at a good price. Signs said the TVs were 30 percent off, and when I looked around, I realized the inventory wasn't picked over, as I had feared. There were some nice Sony LCDs on the shelves, as well as Panasonic plasmas. I was drawn to the Panasonic TH-58pz800u, which was on sale for approximately $2,600 at the store. I own the 50-inch model of that plasma and couldn't be more pleased with its quality. So when I saw it offered at such a discount, the wheels started turning and I was thinking about how I was going to be able to fit it into the back of my SUV. But then I checked Amazon's price. To my surprise, Amazon was offering the HDTV at an even more attractive price: $2,372. So I decided to find one of the Circuit City salespeople to ask if they matched pricing that online companies were offering. I searched far and wide for their signature red shirt and could find just two people wearing it. Thinking the company must have laid off some staff, I went back to examining the HDTV, when a twenty-something guy dressed in a hoodie, baggy jeans, sneakers, and a crooked Mets hat walked over to me and asked if I needed help. At first, I didn't realize he was an employee and I looked at him without saying anything. Then he told me that he works at Circuit City, he's just not required to wear his uniform anymore ("After all, am I gonna get fired?") and that's why I didn't recognize him as a salesperson. So I asked him if the company matched pricing and showed him my iPhone, which was displaying Amazon's price of the same Panasonic plasma. His response was short and biting: "Nope. We don't do that anymore." You don't do that anymore? How is it possible that a company that needs to liquidate its entire inventory won't sell a product to a customer for $200 less? It's a guaranteed sale! Of course, explaining that to this salesperson would have fallen on deaf ears since he wasn't in a position to make any decisions and I don't think he would have cared if he could. He's there until the end of March--that's the deadline the employees have been given at this store--and after that, he's on to bigger and better things. Why should he care if Circuit City, a company that has laid him off, will be getting my money or not? For comparison's sake, I went to Best Buy across the street to see if it had that same Panasonic plasma and to ask its salespeople if they would match the Amazon price. After just a few minutes of browsing, a Best Buy salesperson in the signature blue shirt came up to me and asked if I needed help. When I asked her if they would match pricing, she said, "Absolutely." In no time, she asked her manager if they could match my price on the Panasonic HDTV and he came over to assure me that they could and the offer was on the table indefinitely--I didn't need to take it right that second if I didn't want it. In spite of the Circuit City going-out-of-business sale across the street, the Best Buy was overrun with customers, the company's blue shirts were everywhere, and people were rushing to the checkout lines.. Even in its dying days when it should be the price leader and the most willing to sell products, Circuit City still doesn't "get" it. Under the guise of "Everything Must Go!" sales, Circuit City's liquidators are doing their best to feign value to squeeze every dime out of customers just one last time. Maybe it works (the company announced it has sold $1 billion in merchandise over the past month), but I still think it's a sad state of affairs. Circuit City is still a wrinkled mess. Meanwhile, Best Buy is as vital as ever.- Hide quoted text - - Show quoted text - Rolando...I am sympathetic to the plight of vendors but the reality is this. No discount = No sales = Out of business in this recession. If they cannot survive, then it is time for them to sell out and move on to more profitable lines of retailing. TMT- Hide quoted text - - Show quoted text - |
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Astronomy vendors and their "sales"
On Mar 2, 12:14*pm, wrote:
I think a lot of astronomy vendors are operating on a shoestring. A few big ones like Orion are doing well, but most of the smaller outfits are selling stuff at cost or slightly above. The margins on astronomy items, especially telescopes, are razor thin. You cannot expect any of them to lower their prices and sell stuff for less than they owe to the manufacturers. For these dealers, profits on some of the popular large telescopes will get you a 6 pack of Budweiser. Rolando On Mar 2, 11:41*am, Too_Many_Tools wrote: This story reminded me of astronomy vendors, their so called sales and their excuses for insignificant discounts in a severe recession while their sales continue to dry up. No discount = No sales = Out of business Looks like a repeat of the Post Comet Halley vendor loss is coming.... TMT February 23, 2009 10:39 AM PST Last days of Circuit City: Lousy bargains, rumpled salespeople I remember when "liquidation" meant something. There was a small electronics store in my area that was closing down a few years back. Signs all over read "Liquidation Sale." In the store, I found prices slashed considerably. Some good stuff was 75 percent off. It was a fire sale, and it was fantastic. That was a going-out-of-business sale done right. What Circuit City is doing now, though, I don't get. The company is shutting down, as we all know. But I was still shocked when I went into Circuit City this past weekend and found a store that was a shadow of its former self. The signature red shirts on employees were ditched in favor of jeans and sweatshirts; DVD sales racks that were once barely browsed were overrun by customers who couldn't help but dive in to the store's 50 percent off DVD sale. But the real bargains that Circuit City claimed we all would love weren't so sexy after all. I need a new HDTV. Usually, I buy my HDTVs from Amazon.com because I've found it has the best prices and delivery service. But since I knew Circuit City was going out of business, I decided to make a trek down there to see if there were any hidden gems at a good price. Signs said the TVs were 30 percent off, and when I looked around, I realized the inventory wasn't picked over, as I had feared. There were some nice Sony LCDs on the shelves, as well as Panasonic plasmas. I was drawn to the Panasonic TH-58pz800u, which was on sale for approximately $2,600 at the store. I own the 50-inch model of that plasma and couldn't be more pleased with its quality. So when I saw it offered at such a discount, the wheels started turning and I was thinking about how I was going to be able to fit it into the back of my SUV. But then I checked Amazon's price. To my surprise, Amazon was offering the HDTV at an even more attractive price: $2,372. So I decided to find one of the Circuit City salespeople to ask if they matched pricing that online companies were offering. I searched far and wide for their signature red shirt and could find just two people wearing it. Thinking the company must have laid off some staff, I went back to examining the HDTV, when a twenty-something guy dressed in a hoodie, baggy jeans, sneakers, and a crooked Mets hat walked over to me and asked if I needed help. At first, I didn't realize he was an employee and I looked at him without saying anything. Then he told me that he works at Circuit City, he's just not required to wear his uniform anymore ("After all, am I gonna get fired?") and that's why I didn't recognize him as a salesperson. So I asked him if the company matched pricing and showed him my iPhone, which was displaying Amazon's price of the same Panasonic plasma. His response was short and biting: "Nope. We don't do that anymore." You don't do that anymore? How is it possible that a company that needs to liquidate its entire inventory won't sell a product to a customer for $200 less? It's a guaranteed sale! Of course, explaining that to this salesperson would have fallen on deaf ears since he wasn't in a position to make any decisions and I don't think he would have cared if he could. He's there until the end of March--that's the deadline the employees have been given at this store--and after that, he's on to bigger and better things. Why should he care if Circuit City, a company that has laid him off, will be getting my money or not? For comparison's sake, I went to Best Buy across the street to see if it had that same Panasonic plasma and to ask its salespeople if they would match the Amazon price. After just a few minutes of browsing, a Best Buy salesperson in the signature blue shirt came up to me and asked if I needed help. When I asked her if they would match pricing, she said, "Absolutely." In no time, she asked her manager if they could match my price on the Panasonic HDTV and he came over to assure me that they could and the offer was on the table indefinitely--I didn't need to take it right that second if I didn't want it. In spite of the Circuit City going-out-of-business sale across the street, the Best Buy was overrun with customers, the company's blue shirts were everywhere, and people were rushing to the checkout lines. Even in its dying days when it should be the price leader and the most willing to sell products, Circuit City still doesn't "get" it. Under the guise of "Everything Must Go!" sales, Circuit City's liquidators are doing their best to feign value to squeeze every dime out of customers just one last time. Maybe it works (the company announced it has sold $1 billion in merchandise over the past month), but I still think it's a sad state of affairs. Circuit City is still a wrinkled mess. Meanwhile, Best Buy is as vital as ever.- Hide quoted text - - Show quoted text - Rolando....that is the same song any big electronic retailer will sing. And we both know they make lots of money. TMT |
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