This is different than the earlier Clearance at Circuit City Stores in the US. The company has gone out of business as of yesterday. This is the first day of the Clearance Sale. All Stores are closing. The Clearance is being run by the Creditors, not Circuit City itself per se....

All Merchandise that can be returned, will most likely be returned for sale to other Retailers, but that is not much. As with any clearance, it will start out slow (10% to 30% Off), but since everything (including fixtures) must go, they will go down to about 75% to 90% Off over the next 10 weeks.  Realize that some stores will close before they reach that price, since they will move inventory, when feasible, to stores that are having better traffic.

As far as Greed goes, according to what they are saying here (Richmond VA, the Headquarters for Circuit City)... Circuit City owed the Creditors nearly 2.4 Billion. This sale is to pay those Creditors. Though the company had assets greater than that, they could not get the Financing to meet their current and upcoming obligations. (Basically the Bank called their Note Due)

As far as deals go, there will be some, but not so great at first and maybe not so great at all. Locally, I heard the Best Buy's were matching 10% to 30% off this weekend, so many people were going to Best Buy instead. Sales like this can hurt other Retailers, since people buy now, what they may have purchased in the near future from other Retailers. Keep that in mind if you are shopping for something if the deal is not all that good.

ratscloset
aka John