Black Saturday at Circuit City locations

As soon as news hit that Circuit City would be holding liquidation sales at its remaining US locations, buyers began to line up around the block in hopes of scoring the best deals. Liquidation companies came in and started dramatically slashing prices in order to make the most bank off of whatever stock is left.

The lines were long at most locations on Saturday, reports stating that many were 100 people or more deep. Televisions, video games and other electronics have started with a 10 percent discount while other merchandise, like furniture, cables, and accessories carried discounts of 20 and 30 percent off. Many branded items, like Apple iPods have yet to receive a discounted price. When the final numbers for Saturday came in, sales were up 25 percent for the retailer.

Buyers beware though because purchasing from a liquidation sale does carry risks. For instance, you drop some dough on a nice new HDTV only to discover that there’s a problem with the set. All sales are final, so you won’t have the ability to return it. Extended warranty coverage is murky as well since there is uncertainty of whether a bankrupt company is responsible for honoring the coverage.

Read [Los Angeles Times]