Anyone catch what's goin' on at Tweeter?..deals?


Is anyone keeping track of what's happening in the Tweeter Bankruptcy/Liquidation situation?
I think it's noteworthy, as an audio/video electronics shopper and former retail av guy myself, that it all can and likely will happen in retail eventually! Apperently you've got employees and paying customers alike, whom Tweeter owed money and or merchandise, that's locked in limbo in the situation! That's gotta blow!
Anyway, maybe there will be a deal or two to be had if they open their doors to blow out some merchandise (we'll see if the liquidation deals(?) are anything to write home about, like they were when Comp USA closed stores). Also, wonder if Circuit will have any scavenger specials here soon?

http://www.cepro.com/article/what_tweeter_still_owes_employees/K293
iplaynaked
Just make sure you can put your hands on whatever it is your buying first... if you find something worth buying... and use a credit card to be still safer. one you know you can contest if things fall apart.

I bought into the trade in & up program they had for loudspakers some years ago. I aimed for the BW N802s and began with a much lower end BW speaker set. Trading in and up for about 3 years, and on the verge of getting the 802s, I dropped in to see if they had the right color in stock or should I place my order earlier? they had lost the BW line altogether! Consequently, no mo' BW for me.

I also saw the story on the HD calibration which I had initially been interested in having done on my FPJ by Best Buys Geek Squad. After a few calls to Best Buy, and no return call confirmation I gave up on it. Actually, I'm glad I did knowing the general knowledge level of most of the BB employees.

I've asked numerous times about SACD for instance, trying to locate where their SACD discs are and only get questioning looks or a "What's SACD?". reply.

Two years ago just before Xmas I bought a TV for my Bedroom. While I was waiting for them to bring it up to the front to load it in the truck, they brought up the wrong TV 3 times! Each time it was a completely different brand or model TV! it took 2 hours, and a district manager ultimately to get me the right one. To their credit, they did further discount the set to me too for the inconvienence.

Finding qualified knowledgeable electronic people to deal with, and at affordable prices, is certainly a task. I've no problem paying a bit more for the straight scoop with these sorts however the increased allotment they ask for generally, isn't just a bit more... it's a lot more. it's understandable, although not justifiable... and that's the real shame of it. For them and us.
Tweeter's going out of business. I think they originally planned to file bankruptcy and reorganize, but I saw a news article yesterday that said they were closing for good. I went to my local Hi-Fi Buys (a tweeter company) a couple of weeks ago and they had already been scavanged of everything good. My local Circuit City's are also closing and I managed to get a Squeezebox Duet there for 40% off. Looks like tough times for the big box stores.
Tweeter was under Chapter 11 bankruptcy (re-organization) and then overnight they shifted to Chapter 7 (liquidation) and requested that all employees, warranty holders, customers w deposits, etc be put in line w all other unsecured creditors, which in practical terms means they will get diddly-squat. Some state AGs are opposing that move and it remains to be seen what will eventually happen. If they bring a liquidator in, its unlikely that there will be any "real deals", IME.
The Tweeter stores in Boston and the one in R.I. closed their doors five days ahead of schedule and they still had plenty of stock on the floor.
A guy I know bought a Martin Logan center for like $600 which was almost like giving it away.