Top News

Circuit City Liquidator Promises Deeper Cuts




One of the four liquidators of Circuit City, Great American Group, which is based in Woodland Hills, said today in a statement that the firm will be providing "deeper discounts" on items at the store, claiming that more than $450 million of Circuit City's $1.7 billion of inventory has been sold. The discounters--who came under widespread fire from consumers the weekend after Circuit City announced it would be closing its stores, for meager discounts and often increased prices--claimed that merchandise will be discounted up to 40%. Typically, liquidators will gradually increase their discounts, but only after they believe they've been able to recoup as much as possible from consumers. The firm said the 40% discounts would be on "select merchandise"--usually, liquidation sales have a variety of discounts depending on desirability of items. However, the firm said that flat screen and LCD televisions will only be 20% off. Other firms involved in the sale are SB Capital Group, LLC, Tiger Capital Group, LLC, and Hudson Capital Partners.


 

Marketplace


 

 

Latest Headlines

Browse Issues

 
 

Keep up with all of the latest Southern California high tech news via email (it's free!)



or Cancel