Circuit City

[Pistol Gripper]

Read:

http://www.usatoday.com/money/industries/retail/2007-03-28-circuit-city-layoffs_N.htm

Then read:

http://news.yahoo.com/s/ap/20081110/ap_on_bi_ge/circuit_city_bankruptcy

Bet they never saw that coming.   

P.G.

[farmertan]

i hope this isnt just the tip of the iceberg, a lot of west mich companys are hurting also, it reminds me of a song by johnny cash i think, if we make it through december everythings going to be alright....

[MJS73]

Circuit City has always been a poorly-managed, short-sighted company.

Mike

[Rare_T_A]

I think it's just the tip of the iceberg. There will be more before the year's out.

[Moparal]

I was in Anniston Alabama yesterday and they had people standing with sale signs on every corner . The read.  Going out of business, everything is on sale.

[JS27N0B]

That article was dated march 29 of 2007.

[duodec]

Visiting a Circuit City 20+ years ago used to be a great time.  But for the last five years its been like visiting an electronic morgue next to Best Buy or other stores; small video and music sections, much smaller equipment selection at same or higher cost, dirty, ruse and inattentive workers...  I'm amazed they held out as long as they did.

[71chally416]

I went in one once. It was kinda like a flea market store.

[Pistol Gripper]

JS27N0B,

The second article was current, the point is, the first brought on the second.

P.G.

[R/T hedkace]

Visiting a Circuit City 20+ years ago used to be a great time.  But for the last five years its been like visiting an electronic morgue next to Best Buy or other stores; small video and music sections, much smaller equipment selection at same or higher cost, dirty, ruse and inattentive workers...  I'm amazed they held out as long as they did.

 I've never been asked once if I needed any help.....even when I made it very obvious 
 Just a bunch of high school J-offs with no work ethic hanging around.
 And now we're going to have "lower paid replacements" 
 Service ought to be f'n spectacular now 

[Pistol Gripper]

Guys,

The point is that 1 1/2 years ago, they replaced all the loyal employees with "a bunch of high school J-offs ".  Now they are going bankrupt.

P.G.

[MJS73]

No product selection (only an entire aisle of the most popular product), so-so prices, rude and unhelpful staff, much better competition (Fry's, Best Buy, MicroCenter, etc.).  This will get blamed on the economy, but it should have happened long ago.  The only effect the economy had on this is it kept them in business longer than otherwise.

MIke

[pink panther]

they closed on here in Kansas before it was even open, built a bfrand new building all for not

[MJS73]

Kmart did the same thing here in Plainfield, IL, although I doubt that Kmart put up the building.  The developer was probably left holding the bag.

Mike