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 store 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! Its kind of like flea-bay where you see used stuff selling for more than average street price. Lots of advertising to draw in the suck...I mean customers!
"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.