Circuit City: How to shop liquidation sales

Why buyers should beware when 'everything must go'

After failing to find a buyer, Circuit City sold its entire inventory to four liquidation firms, said John Tozzi in BusinessWeek online, and the liquidation sale is on. And Circuit City isn’t alone—“these are busy days for the liquidation industry.” Bargain hunters may not be impressed by today’s 10-30 percent discounts, but the prices will drop as the sale goes on.

Sam, a soon-to-be-jobless Circuit City employee, has some tips for “navigating the liquidation,” said Meg Marco in The Consumerist, and the first is that “not much is actually on sale.” Except for some game systems and cables, prices are currently higher than a few weeks ago. And don’t ask—the despondent employees “cannot change ANY PRICE in the store.”

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