Posted on 01/11/2018 3:07:03 PM PST by ItsOnlyDaryl
In the back of the line of unsecured creditors, eh? What was it, a gift card?
How many remember Circuit City started Carmax?
Carmax used to be a great place to buy a car.
Now, not so much.
“Look how they’re thriving!”
good one!
online, NOT brick and mortar, PLUS sounds like complete nonsense anyway:
“something called Circuit City will arrive as “a new, more personalized online shopping experience” starting February 15 ... included promises of AI-driven recommendations fueled by IBM’s Watson platform, plus unexplained “augmented reality” and “search by photo” features ... also promised “real-time tech support via video chat,”
Last name means Samuel in Yiddish or Klingon or something.
Years ago when I owned a small wholesale business I got screwed and tattooed by a large customer who used Chapter 11 to ditch his debts and keep the merchandise.
It allowed him to renege on his debt to me and still sell my merchandise and keep ALL the money. That’s how companies that go Chapter 11 emerge from it as “profitable”. They get to sell products that they essentially go for free - by stealing them from their vendors. Anyone can be “profitable” selling stuff they didn’t pay for. What a deal.
I won’t even go into the corruption of the court system handling Chapter 11 cases. That’s another nauseating pantload.
Chapter 11 is a sham and a hustle all the way through.
Nope. Kamart screwed everyone it owed money to and then used its newfound “solvency” to buy Sears.
A DVD player that died after two days. And yea - I foolishly accepted a gift card because they couldn’t (wouldn’t as it turned out) find a replacement.
Did this guy borrow money and going to scam the investors?? Circuit City, its soooo retro!!!
It collapsed from a self inflicted wound.Which was?
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