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.
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
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
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- 16 posts total