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
"IME, if they sell it out of the stores they will start at 10- 20% off full MSRP and work their way down from there. By the time they get to a realistic discount from street price, there will only be bones left on the carcass!"

Again, I'm not intimate with the liquidation process on this level. However, I guarantee you that no retailer, etailer, or even complete imbecile would pay 10-20% off retail to stock ANY audio/video merchandise for re-sell! Why when they can get the same or similar products for 50%-30% off retail, or sometimes better for AV! Heck, internet sales alone beat your numbers to death. So, no, a liquidator would not even consider offering such, I'm sure.
I would venture to guess that a liquidator could only really re-sell the products, and not the actual business name and operations itself. Could be wrong, but even if they could, who would buy up a dying turkey of an enterprise, even the name, to try to salvage something? Too much advertising marketing and footwork for a liquidator. They likely want to turn a buck and get out! - get on to the next deal down the road, I'm sure.
No I'd be more inclined to think they would be offering more like "pennies on the dollar" for the merchandise, in one big buy out, actually! This makes much much more sense. I would actually be shocked if they offered more than 30-35% of acutal retail value, or equivalence, for the merchandise alone on the deal. Again, I'm no expert by any stretch.
Anyone got any experience with such to comment?
By liquidator, I mean someone who goes in and sells the stuff out of the retail locations. They hire kids to stand on the street with those big yellow and black signs and buy ads in the papers. They will gradually cut prices 10% at a time, and they depend on what I would call charitably call uneducated consumers. This is what has been done at numerous retail chains including recently one of those linens places. By the time they get to a price that beats the internet there is usually nothing of any value left. Now I don't know if that's what they will do, but I wouldn't be surprised.
well, looks like they're not re-opening the doors at Tweeter after all. I also bet you that they're going to RIP OFF THE EMPLOYEE'S AND WHOEVER ELSE BOUGHT STUFF ON ORDER! ..that stinketh.
Well, that's business...and in this case, looks like Tweeter's "giving the business" to it's people!!! Wow.
Well I guess there are no garantee's in this life - except never having a season in professional sports where some high profile player gets arrested, and of course T.O. having a blow up and fall out with Jerry Jones, and getting eventually kicked off the Cowboy's.
But besides all of that, it can all happen in retail, seems like.
So, I guess the liquidation company is going to have a little "garage sale" of sorts in some warehouse eventually. Lol. Yep, they sure musta got a screamin' deal on the stuff. Maybe there'll be a deal or two. Or even better, if you were a former Tweeter employee, maybe you can buy a bunch of that stuff back for a "package deal", then sell it a piece at a time on ebay, trying to get your money back from the paycheck they stiffed ya for in the fist place! - doh!
about 12 or 18 months ago tweeter closed a bunch (all?) of their Southern California stores. I went down to one near San Diego and found the "deals" to be pretty weak. I think it was on the order 20% off MSRP.

I did talk to one of the guys working there and they said they had another few weeks at that location, after which the store would be closed and the inventory moved to another retail location. I don't know if this is standard practice, but considering that each employee has a cost, the practice does make sense to consolidate the number of open store fronts.