This bankruptcy fever hit close to home today as my employer declared bankruptcy, but as of today I am still employed, so I’ll continue to ferret out the deals due to retail bankruptcies or near bankruptcies. Today’s update is Cost Plus World Market with five Twin Cities locations and Rochester. Most of the store is discounted only 10 percent, some 20 percent, and a smaller amount 30 percent. World Market Wine shops, I’ll miss you most of all. Your low prices, good sales and small but well-chosen selection were a treat. Unfortunately, the wine shop merchandise is not discounted as part of the GOB sale. Although the wine shops were separate from the main stores due to Minnesota state law, they will close along with the main stores.
Circuit City started its liquidation sale at all locations Saturday. CC’s parking lots were jammed all weekend. Everything in the stores is discounted 10 percent except for DVDs and CDs which are discounted 20 percent and furniture, car audio accessories and cables at 30 percent off. A store rep told me that all previously-purchased extended warranties remain in effect because they are done via a third party. Hmmmm, stay tuned on that one.
It’s really a shame for consumers (and all CC employees) that it’s closing. Wal-Mart will still be a force to keep Best Buy’s prices low, but less competition is never good for consumers.