They just closed the store in Burlington MA and what you can expect is a clearing out of everything over a 4 week (apporox) span. They start with everything at around 15-25% off and each week they increase that. In the last few days everything (including store fixtures) was about 70% off. Nice for the stores that have some of the Nav systems and telescopes. But expect most good stuff to be gone that 1st week.
luv2ctheworld
Member
posted: May. 22, 2007 @ 1:42p
Wonder if they'll use an outside firm like CompUSA. That would really suck.
Sounds kinda stupid to me...I bet they make 80% or more of their gross sales in the 4th quarter. Couldn't they just close down in Jan. 2008?
TheShaz
Tired Member
posted: May. 23, 2007 @ 9:00a
Potlickerttu said: Sounds kinda stupid to me...I bet they make 80% or more of their gross sales in the 4th quarter. Couldn't they just close down in Jan. 2008?
I know that would seem to make sense. But when you're looking at corporate books at that level, the losses outpace the profits. Even though sales my increase to some significant degree in q4 because of Christmas, so do operating expenses. But a more likely motivation is; if the stores are bleeding money every week right now, and you're not going to attempt to institute a ground up rehab, the best thing is to pull the plug as fast as possible. You can bet the board knows where their capital is going next, and it's a better bet.
I sincerely feel bad for the 1000 workers, and hope they go on to better things.
I also see the potential for store closing (blowout?) sales.
Their price is very high, that's the reason for their closing.
I have to agree here. I stopped at their store in the Mall of America and the prices blew me away! Everything I had looked at on line was cheaper than in the store.
meatwadlurker
Member
posted: May. 23, 2007 @ 8:30p
The prices were so high, then I visited the Discovery Channel Store located in a mall. Good Lord, I had to steal 3 things to "equal" out the 2 things I bought. /I keeeeeed I keeeeeeeeeeed
luv2ctheworld said: Wonder if they'll use an outside firm like CompUSA. That would really suck.
You can pretty much count on it. Seems to be standard practice.
scplayette
Thrifty Member
posted: May. 25, 2007 @ 9:42a
Hello! Just called the Discovery Channel Store in Green Hills Mall, Nashville, TN. They are closing but are not running any "sale" or discounted merchandise as of yet.
timothy86
Senior Member - 3K
posted: May. 25, 2007 @ 12:43p
got2grow said: Potlickerttu said: Sounds kinda stupid to me...I bet they make 80% or more of their gross sales in the 4th quarter. Couldn't they just close down in Jan. 2008?
I know that would seem to make sense. But when you're looking at corporate books at that level, the losses outpace the profits. Even though sales my increase to some significant degree in q4 because of Christmas, so do operating expenses. But a more likely motivation is; if the stores are bleeding money every week right now, and you're not going to attempt to institute a ground up rehab, the best thing is to pull the plug as fast as possible. You can bet the board knows where their capital is going next, and it's a better bet.
I hope they take the extra capital and invest in more "Planet Earth" or similar series.
ConfusedGenxer
Thrifty Member
posted: May. 25, 2007 @ 9:05p
Hmm.. it doesnt seem all that long ago that they bought out "The Nature Company" Oh well here's hoping for some decent deals!
I went to the store in Tysons Corner, VA yesterday; everything was 30% off.
rsperko
New Member
posted: Jul. 4, 2007 @ 6:52p
40-60% off at the store in Milwaukee today. Picked up a telescope, much cheaper than any price I can find online for it. Did some x-mas shopping while there too.
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
Members of our community may attach files to a post in accordance with the User Agreement. FatWallet is not responsible for the content, accuracy, completeness or validity of any information contained in any attached file. Files have *not* been scanned for viruses. Be especially wary of Excel files which may contain malicious content.
