Author Topic: Circuit City Closing 155 Stores  (Read 2070 times)

Offline kimmer

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Circuit City Closing 155 Stores
« on: November 03, 2008, 01:27:20 PM »
Pick any news site ... but here's one:

http://news.cnet.com/crave/?authorId=110

I downloaded the PDF file of actual stores that are being closed and can post them if anyone wants to see them without downloading the file.

We always shopped at the CC near us when we lived down below (it's on the closure list). Great store and good customer service.
« Last Edit: November 03, 2008, 01:27:54 PM by kimmer »

Offline Xairbusdriver

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Circuit City Closing 155 Stores
« Reply #1 on: November 03, 2008, 02:26:03 PM »
Haven't been to the one nearest to us in over 5 years. It's not an area I want to stay in very long...
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Offline Gregg

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Circuit City Closing 155 Stores
« Reply #2 on: November 03, 2008, 04:02:52 PM »
QUOTE(kimmer @ Nov 3 2008, 01:27 PM) <{POST_SNAPBACK}>
We always shopped at the CC near us when we lived down below (it's on the closure list). Great store and good customer service.

The one nearest our house is the last one on the list. It used to be a "full service" CC, but was closed for about a year and reopened as an "outlet" store. They didn't have a very wide selection of products. There's a Best Buy across the street. It remains open despite the opening of another mega Best Buy about 6 miles away.
Ya gotta applaud those bunnies for sacrificing their hearing just so some guy in Cupertino can have better TV reception.

Offline Paddy

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Circuit City Closing 155 Stores
« Reply #3 on: November 03, 2008, 04:52:03 PM »
None of the CC stores in Maine, NH, VT or MA are slated for closing though. Also, they're not closing any of the Circuit City/The Source stores in Canada - we will now have considerably more The Source stores here than there are CC stores in the US (!) However, they're often much smaller than the average CC - many of them are former Radio Shack stores from the 2004 purchase of the Canadian Radio Shack franchise from InterTan.

More info here in their press release:

http://newsroom.circuitcity.com/releasedet...eleaseID=344747
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Offline Mayo

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Circuit City Closing 155 Stores
« Reply #4 on: November 03, 2008, 04:52:26 PM »
A couple of years ago Circuit City "laid off" (read: fired) its highest-paid employees, retaining the lowest-paid sales clerks and stopped paying them commissions. It was all done in the name of "cost reduction," a popular corporate euphemism for attempting to increase profits by sticking it to the workers...

At the time I thought that it was a short-sighted move because once you remove all employee incentives such as performance-related pay/promotions, affordable health care, etc. you eventually wind up with minimum-wage workers with no company loyalty or incentive to provide better customer service than your competitors, most of which are also staffed by minimum-wage, part-time employees (the part-time scheduling exempts companies from providing even minimal benefits in most locales.)

At our local Circuit City store the experienced employees (most of them older...) are long gone, replaced by young workers with little product knowledge who tend to congregate in small groups b.s.ing while customers shop in a decidedly self-service store. Circuit City might as well complete the process by installing check-out aisles with scanners like many large grocery stores and dispense with employees that actually interact with customers.

So I say Good Riddance to all those Circuit City stores and I predict that the remaining stores will soon follow in their wake. It may be rough justice but I have grown weary of corporate executives and shareholders being financially rewarded for transforming American companies into low-wage, no-benefits sweatshops.
« Last Edit: November 04, 2008, 01:17:45 AM by Mayo »

Offline Gregg

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Circuit City Closing 155 Stores
« Reply #5 on: November 04, 2008, 07:01:39 AM »
Mayo, I think it boils down to greed. The focus is on how to make a quick buck, usually for the top tier managers, and not on the long term sustainability of the business. I think the same shortsightedness is what caused the mortgage mess we're in right now.
Ya gotta applaud those bunnies for sacrificing their hearing just so some guy in Cupertino can have better TV reception.

Offline Xairbusdriver

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Circuit City Closing 155 Stores
« Reply #6 on: November 04, 2008, 08:04:10 AM »
Read today that they have a store within 2 miles of me in a brand new shopping area. I have no idea what else is in there. Shows how much I "shop!" smile.gif But they are also closing two other stores in this area. I guess cutting your losses early, they've only been open a few months, is better than losing even more. I think most 'analysts' expect them to be forced into Chapter 11, sooner than later. If you don't think you can make it in the 'shopping season,' you probably don't need to be in that line of work!
THERE ARE TWO TYPES OF COUNTRIES
Those that use metric = #1 Measurement system
And the United States = The Banana system
CAUTION! Childhood vaccinations cause adults! :yes:

Offline krissel

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Circuit City Closing 155 Stores
« Reply #7 on: November 05, 2008, 02:13:44 AM »
The one near me will stay.

Thought the comment about the government owing them $80 million in tax rebates was interesting.  Thinking.gif


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