Circuit City files for bankruptcy
MrBrian
Posts: 2,672
NEW YORK (Reuters) - Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy protection on Monday just a few weeks before the start of the key holiday shopping season, becoming the largest retailer to file under Chapter 11 this year.
Circuit City fell victim to tighter credit terms from vendors and a loss of market share to Best Buy Co, Wal-Mart Stores Inc and other rivals.
Circuit City filed one week after saying it would close 155 stores, or more than one-fifth of its retail base, and eliminate 17 percent of its U.S. workforce. It also said it was considering all options to restructure.
http://ca.news.yahoo.com/s/reuters/081110/business/cbusiness_us_circuitcity
Circuit City fell victim to tighter credit terms from vendors and a loss of market share to Best Buy Co, Wal-Mart Stores Inc and other rivals.
Circuit City filed one week after saying it would close 155 stores, or more than one-fifth of its retail base, and eliminate 17 percent of its U.S. workforce. It also said it was considering all options to restructure.
http://ca.news.yahoo.com/s/reuters/081110/business/cbusiness_us_circuitcity
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They were good at one time, then they went with all part time sales people on the floor and gutted salaries. You're never going to keep good sales people if you refuse to pay them. Most people who actually come in the store need quality help.
They should have cut the executive moron who changed that strategy because they've been consistantly going in the toilet for the last year and a half where as Best Buy despite all thier faults is running a much improved operation.
It sucks that Tweeter is also in the toilet because they were one of the only places you could by actually good stuff.
Ultimately CC went too cheap. Their car audio department has become a shell of it's former adequate self.
The same with thier home audio and good luck finding the top level televisions from any manufacturer. If I'm going to buy cheap why not go to walmart or brandsmart?
Unless you need some help with the products and need advice. Then I guess going to a store like CC or BB is fine.
Or just learn about the product you want to buy yourself.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
I guess electronics don't place as high as banks and auto makers.
I went there about 6 months ago with my wife who was buying a digital camera for her office. It's the one time there that I had some questions about some models, and after struggling to find someone who wasn't too busy bullshitting with friends or co-workers, the two guys who I did talk too knew less about the cameras then I did.
Best Buy isn't much better, but with a little work, I have had some luck there getting someone who actually knew what he was talking about.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
The consumer electronics industry will be crippled!
ummm.... no... not really.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
You damn Socialist
out of all the times i've called the 2 cc stores in my area to ask about something i've only ever spoken to someone ONCE, every other time it just rings and rings
like mrbrain i prefer online retailers, like deepdiscount (it's only been once that i've seen someone else have a cheaper price and that was only a few cents, but then they have no sales tax and free shipping) but compared to best buy circuit city usually had better prices
he had a voice that was strong and loud and
i swallowed his facade cos i'm so
eager to identify with
someone above the crowd
someone who seemed to feel the same
someone prepared to lead the way
i'm pretty sure he was being sarcastic
he had a voice that was strong and loud and
i swallowed his facade cos i'm so
eager to identify with
someone above the crowd
someone who seemed to feel the same
someone prepared to lead the way
It was a joke, man.
Exactly, I generally go in the store to check out the merchandise up close and inspect it. I already know more than 99% of salespeople I don't need thier help. I'm either going to buy it that day, be polite and listen to them if they insist on talking to me or just do my research and leave. Eventually over time you can figure out what the cheapest base price will be on the merchandise, then it's just a matter of waiting for the right deal.
although i think i know why they've gone tits up....recently near me they opened a brand new, huge store.....about 2 miles away from another cc store that's been there for like 20 years.....dumb
Peace
*MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
.....song_Music & Politics....Michael Franti
*The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)
For sure! Gotta check out the product first, Like Cameras or TVs, check picture quality.
Infact I'm looking to buy a new TV in the next month or two. Costco has some well priced Plasma screens.
Or do I wait and see if CC has some nice discounts? hmmmm, what 2 do.
The whole people out of jobs, economy continuing to tank thing is not that great though.
And he who forgets, will be destined to remember...
Wait till Black Friday they're some great deals to be had if you get to Costco/Sam's early.
Peace
*MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
.....song_Music & Politics....Michael Franti
*The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)
I'll still be here in Canada on that day, but dont they just get too packed with customers? I cant wrestle soccer moms over a TV on Black Friday
They kick,
I don't like to shop.
Peace
*MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
.....song_Music & Politics....Michael Franti
*The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)
http://www.vizio.com/