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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
chadnliz
3,736 posts
 
A guy I know bought a Martin Logan center for like $600 which was almost like giving it away.
slikric3000
638 posts
 
Tweeter bought up United Audio in Chicago a few yrs. ago and run it into the ground, great. United Audio was a Chicago institution since I was a kid back in the 70's.
iplaynaked OP
193 posts
 
"If they bring a liquidator in, its unlikely that there will be any "real deals", IME."

So basically a "liquidator" would mean prices about 20%-30% off retail, right? (lol) Sounds about right.
joeyboynj
621 posts
 
The Tweeter near me went to a liquidator and they were only offering a 10% discount. Then they closed the doors 2 weeks later and took the remaining stock, which was a lot because people around here know 10% is not that good of a deal...
iplaynaked OP
193 posts
 
Well I'm not intimately familiar with how the liquidation process all works. But I know this much. They're sure as heck aren't going to donate the stuff charity, or trade it to arms dealers in the middle east!
Heck, there's deals on the net for this stuff to compete with for heavens sake! they'd have to be pretty aggressive, price-wise, to move the merchandise on a retail store front level, ya think? I mean there's no option left is there?
OH WAIT! They could be planning to sell it wholesale as a supplier to dealers on the net, actually - assuming they got a good enough price on the bulk of it. Actually, now that I think about it. That's probably what they'll do. They'll probably be able to undercut most of the wholesale suppliers out there in distributing product to E-tailers to re sell that route. I bet that's what's going to happen to at least the bulk of the remaining stock. Makes sense to me.
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