Is Circuit City going to raise prices before having a big sale?

If there are any Circuit City employees out there, you are going to lose your job anyway. just tell us all the truth.

Since Circuit City no longer exists it will be the liquidators that own the merchandise that increase the price and than slowly drop it down until everything is gone...or 60 days are up.

The Bankruptcy judge hires a "liquidation company" to sell off everything remaining in the stores. It is fascinating what they do. They make a cash offer to buy everything today. Then they get to sell the stuff for whatever they can get. So either the "liquidators" are incredibly brave or incredibly foolish to take a risk like that. But the judge loves it because the creditors get money much quicker.
The problem for a consumer is that the Liguidators have to make a profit somehow. So they do some little tricks that drive customers crazy. They raise all the price tags by 40%. Then they post signs saying everything is 50% off the "store price". Which means that the prices are higher than they were 3 weeks ago at Circuit City. But little by little they lower the prices and dump the stuff. An interesting twist is that they also bring in merchandise from their previous "liquidations" so you might see furniture in a Circuit City store; or towels. They are trying to squeeze the last possible profit from their investments.

It is a strong possibility~~

Yes, they remove the street price and allow everything to return to MSRP and then they offer 'STORE CLOSING' discount percentages off of MSRP.

MSRP (Manufactures Suggested Retail Price) is always much higher than anyone would normally pay. Retailers like Walmart, Best Buy (and Circuit City before the liquidators came in) have a percentage they will knock off of MSRP everyday, this is called the 'street price'.

All liquidators do this as a trick where they discount off MSRP and so sometimes you will actually pay MORE during store closing sales!!!

A good example of this: I was in the store two days before they they announced store closing.. Using the 46" LCD Samsung LN46A550 as an example. This television has a price tag of $1499 MSRP, four days ago Best Buy and Circuit City had this model for $1299. $1299 is the everyday 'street price' for that set and that's 13% off MSRP.

Well, now that the liquidators have come in to Circuit City. That same television now cost MORE. The liquidator has set the price to 10% off the $1499 MSRP, so it's price is now $1350. $50 more than Best Buy is selling it for right now and $50 more than Circuit City was selling it for a week ago.

Why do they operate this way?

Because they (the Liquidator) want to make as much money as possible... They just paid $0.10-$0.20 on the dollar to purchase all inventory from the bankrupt retailer. They know very well that everyone wants the expensive items and they know some people will buy into their BS 10% off sale. They are counting on a few 'sucker' customers to come in the door during the first part of the 'GOING OUT OF BUSINESS' sale and take them up on the 10% off expensive items. These customers are absolutely getting scammed because they could go down the road to a successful retailer like Best Buy and get 13-15% the same items and also get the benefit of a return policy.

The truth is: during going out of business sales, Good deals can only be had early on a select few items. In the case of Circuit City, their 30% really only applies to the few furniture items they carry. If one of these items appeals to you then there is a good deal to be had.

After a few weeks the liquidator will finally begin going deeper on the high dollar items (like HDTVs and Computers) once they reach 20% or more then their will be good deals to be had, but you can always subtract 10% from whatever discount they are advertising because of they have removed the 'Street price'.

Circuit City's liquidator is actually advertising "Up to 30% off our 'everyday low price'" which is an absolute lie. But who's going to call them on it? They are a liquidator trying to help a battered retailer recoup some money to pay creditors.

I worked at a department store that went out of business in 2003.

they put everything 20% off. it was 30 to 40 percent off the weekk before the liquidation started.

I bet they will do something simalar for the first three weeks, THEN they will up the dicounts, at the very end stuff was 80% off and it sold like crazy,

typical of going out of business sales

Yes, mark up.
Anything to sell stock.
Notice ipods for example...

Absolutely! I was in Circuity almost every day for the last three weeks and I've been checking prices on HDTVs. Yesterday I almost bought a Samsung LCD TV for $1299. That same TV was $1699 today. Another samsung, priced at $1899 was almost $2200 today.

I bought a Samsung at HH Gregg instead.

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