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

Showing 4 responses by iplaynaked

"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.
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.
"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?
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!