Circuit City Closing all US operations

[Conch Republican]

http://money.cnn.com/2009/01/16/news...ion=2009011611

Interesting read - Looks like Canadian Operations would stay open (eh)

Hmm, wonder what that means for my buddy working there ( well other then bad things) Last time he left there *left and came back* he got a nice severance package.

[TripleF]

WOW, not good news for sure.

[Kreth]

While I feel for the employees, there's a reason they're known as Circuit Sh*tty...

[doctorcue]

Well, personally I saw this coming for years. As a former Manager, the company waited too long to change. By the time CC started making changes; Best Buy had already set up shop from Coast-to-Coast. I remember being in district meetings in the late 90s with "Best Buy is coming!" being chanted. Yet, their response was to insure pricing was good. They never thought of the experience. Best Buy is just more exciting to go into. CC always felt like an old Sears (no-offense to Sears). By the time they changed the sales staff from pushy to more BestBuy-like... it was too late. At that point they were headed into the same place as Montgomery Wards Electric Ave, Goodguys, CompUSA, etc.

As bad as CC was/is; I think it sucks that now our electronics retailers are Best Buy, WalMart, & Costco. Sure there are Frys but not that many. Sure you can buy whatever you want off of the web; but something about seeing it in person makes a difference for me.

So long CC. I made a bunch of friends there & met my wife there. So it wasn't all bad. I do wonder how my TV warranty/extended service will be honored. Who knows???

[Genetic Defect]

Originally Posted by Kreth

While I feel for the employees, there's a reason they're known as Circuit Sh*tty...

[Dooge]

http://www.mcall.com/news/local/all-...,7115691.story

Some questions been answered on there.. it seems tha the warranty is still being covered by a 3rd party company

[cvm4]

I hate to see this happen. But the management just didn't seem too competent for the last couple years.

[Starscream]

Circuit City had a decent audio installation service, but I hated going inside if I planned on buying something. Had to wait forever in the checkout line, even if there were only one or two customers in front of me. Customer service is everything.

[JohnnyKay5]

Circuit City Bomb anyone?

[Sailchaser]

Customer Service is the key to every business and with the huge cuts in labor at most big boxes it will just be a matter of time before we see others fall to the wayside.

I feel bad for all those who lost their jobs, but to me it seems like Circuit City has had one foot out the door for the better part of a decade. That chain is one of the worst priced, IMO.

[CigaSkills9]

A sign of the times! I hate to see CC go, but I'm a BB person. Like everyone else has said, I feel for the families!

[Studebaker]

Circuit City was kind of the sentimental favorite for me. I bought my first Onkyo home theatre receiver from them in '00. Their sales staff did leave a lot to be desired in recent years though and I'd been going to BB more often when I wanted to buy from a big box store. I'm thankful for my job when they're dropping like flies all around.

[hotreds]

Best Buy and W#ally World seem to have pretty much taken over the field. Cinci has lost a bunch of electronics retailers in the past several years. Tough times, indeed!

[shilala]

THOUSANDS of stores have gone out of business this past year, and there are many more to go out of business this year.
Granted, some had a good hand in their own demise.
By far, the greatest impact on the downturn of the economy has been caused by gas prices. In the last 6 years the price has nearly tripled.
For sake of argument, let's say it's only cost twice as much over the whole term of six years.
We use 386,000,000 gallons of gas a day.
That is 845,340,000,000 gallons in the last six years.
Instead of paying $1,690,680,000,000 we paid twice that.
That means in six years almost 2 TRILLION EXTRA dollars went to pay for gas during Dubya the oilman's watch.

Now, all of a sudden, gas is about 30 cents higher than it was 6 years ago and it continues to drop fast.

The loss of two trillion dollars of money that's pumped back into the economy as folks buying stuff they don't need will cripple and kill LOTS of business.
I'm just hoping folks will place blame where blame is due.

For the sake of argument, and cause I rounded up, and because I know the numbers I figured up may be beat down by argument, let's call it One trillion.
Still makes a pretty valid point, and I have yet to hear any questions asked as to why it's been let to happen or why no one has asked why gas is now $1.50 a gallon.
I guess I'm just retarded, I dunno.

Oh, one more thing...
The gas prices have gone up in lots more places than the US. Lots of other countries are suffering even worse than we are because their economies are smaller. Some have completely collapsed.
Oh yeah...
We kicked up 588 billion so far to insure we get to pay double for protecting the oil, too. That'll put a dent in the economy a bit. At least that money created some jobs and fed some families.

Originally Posted by shilala

..... Dubya the oilman's watch.

..... I'm just hoping folks will place blame where blame is due.

..... Lots of other countries are suffering even worse than we are because their economies are smaller. Some have completely collapsed.

Just curious since its a world wide recession, who's fault is it and where should the blame go?

Chas

[M1903A1]

Originally Posted by ChasDen

Just curious since its a world wide recession, who's fault is it and where should the blame go?

Chas

I agree...I think what we're seeing is not so much companies being laid waste by the recession as companies that were marginal at best in good times (for a variety of reasons) that are being brought down en masse by the economic situation.

I can remember being in my local Circuit City a few times in the last two years...I just can't recall actually buying anything. They seemed like a poorly-run operation that had lost its way.

Originally Posted by M1903A1

I agree...I think what we're seeing is not so much companies being laid waste by the recession as companies that were marginal at best in good times (for a variety of reasons) that are being brought down en masse by the economic situation.

Unfortunately I work for one of them that reaped the rewards during the building boom but has no clue how to survive during the tough times

Chas

[shilala]

Originally Posted by ChasDen

Just curious since its a world wide recession, who's fault is it and where should the blame go?

Chas

Who else?
I'm not aware of any other countries that have been raped quite like ours when it comes to numbers, except maybe a couple middle easterners. Our allies followed us right into it because they owed it to us.
A few folks can only take so much out before it hurts everything.