Beware Circuit City's closeout "deals"

Consumer Reports News: January 21, 2009 10:38 AM

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As we've previously reported, electronics retailer Circuit City is going out of business and closing all of its stores nationwide. But if you are tempted by Circuit City's "going out of business" sales, be warned. As we've also previously reported, such liquidation sales aren't always great deals. (Check out our video, "Bankrupt business," at right to learn how you should deal with stores that are closing for good.)

And in the case of Circuit City's liquidation sales, our colleagues over at Consumer Reports' Money Blog found some items that can be bought for much less elsewhere.

For example: At one Circuit City, we found a 50-inch plasma TV discounted $200 to the liquidation price of $1,800. But that same model can be purchased online, with free shipping, for $1,365—or $435 less than Circuit City's closeout price.

Among the not-so-great deals, there were a few outstanding bargains. For the complete details, check out "Good deals hard to find at Circuit City's liquidation sale" on our Money Blog.

—Paul Eng