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  #1  
Old 10-05-2005, 08:39 AM
John John is offline
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Good Guys stores going out of business

Liquidating inventory, so if there's that bling stuff you've been wanting from there... now's the time

http://goodguys.com/
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Old 10-05-2005, 10:16 AM
Joe Dillard Joe Dillard is offline
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Seems Best Buy was going down the tubes fast according to one report I read.

It's probably a good thing for the current employees since they will keep their jobs for the time being - but on the other hand their current jobs are still hanging as far as future employment goes.

Quote:
The company reported Monday that it lost $6.9 million in the most recent quarter, compared with $1.8 million in the same period last year.

"We're realists," said Kenneth Weller, Good Guys' chief executive officer.

"There is a short-term reality for us, and that is the reality of a soft economy. There is a long-term reality, and that's the need to compete."

Privately held CompUSA will pay $2.05 for each outstanding share of Good Guys stock, a 37 percent premium over its Friday closing price of $1.50. The stock closed at $1.97 Monday following news of the acquisition.
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Old 10-05-2005, 10:50 AM
Robert J. Yates Robert J. Yates is offline
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So does this mean I can get a digital camera/camcorder on the cheap or not?
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  #4  
Old 10-05-2005, 02:47 PM
speaceman speaceman is offline
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It has nothing to do with a soft economy.

I stopped going to goodguys once Bestbuy showed up.

And Fry's for that matter.

All you have to do is look at how busy those places are any time of the day and you can figure out pretty quickly what happened to good guy's customers.

(I have no idea how circuit city is still around).
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