Thursday, December 4, 2008
Tweeter's has called it quits.
I looks like Tweeter closed it's remaining stores yesterday. As you probably know, they pulled out of Alabama a few years ago, and I guess the whole operation is finished.
From what I've read, Tweeter's employees were locked out with their stuff inside the stores, and told that they weren't going to be getting paid... even though they stuck with the dying company and helped them in the long and ugly process of liquidation.
Apparently, if you put money down on equipment that's still locked up in the store, the fate of your cash is up in the air, to be settled by a judge. If you had a television in there for repair, that's also gone. The extended warranty you bought is also probably not worth anything, either. Ugly, ugly business.
I'm pretty sure that the extended warranties sold to Alabama customers a few years ago still are okay, it's just too bad that Tweeter's went out this way. It's the Campo's story, all over again.
In these bad economic times, I can't blame a company for going out of business, but this kind of misbehavior is terrible, and I hope their customers and employees are treated fairly during the expected bankruptcy process.
From what I've read, Tweeter's employees were locked out with their stuff inside the stores, and told that they weren't going to be getting paid... even though they stuck with the dying company and helped them in the long and ugly process of liquidation.
Apparently, if you put money down on equipment that's still locked up in the store, the fate of your cash is up in the air, to be settled by a judge. If you had a television in there for repair, that's also gone. The extended warranty you bought is also probably not worth anything, either. Ugly, ugly business.
I'm pretty sure that the extended warranties sold to Alabama customers a few years ago still are okay, it's just too bad that Tweeter's went out this way. It's the Campo's story, all over again.
In these bad economic times, I can't blame a company for going out of business, but this kind of misbehavior is terrible, and I hope their customers and employees are treated fairly during the expected bankruptcy process.
Labels: Alabama, extended warranty, repairs, televisions
