Friday, October 31, 2008

Tweeter will liquidate

It's only a coincidence, I guess, that this item follows immediately on the report that Circuit City is in danger of being de-listed by the NYSE, which followed an item about Kmart starting early on cutting holiday prices on consumer electronics.
Tweeter was purchased by a liquidator Thursday night after closing all of its distribution centers and pushing all inventory out to its stores, TWICE learned.

Company managers are currently being notified by conference call.
The retail consumer electronics category seems likely to consist of Best Buy and the discounters, with a sprinkling of locals, unless Circuit City can come up with a really good plan, really fast. I wonder if vendors would see it as in their best interests to have CC surviving?

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