Circuit City going belly up

[jwinslow]

Circuit City: The Downfall of Circuit City, In Convenient Graph Form

Where did Circuit City go wrong? Maybe it was Divx. Maybe it was the elimination of commissions in 2003. Wherever it happened, this chart shows the last two years were miserable and ugly.

 

[MaxBuck]

So, Circuit City was front and center in the seminal business self-help book Good to Great. That doesn't make its author, Jim Collins, look very good.

Or perhaps the problem is that Circuit City began deviating from the G2G philosophy. Whatever. I know CC used to be an excellent place to buy electronic goods; we always preferred it to Best Buy.

 

[Jimmy Carter]

Beware Circuit City closeout deals: No refunds on broken gear : Christopher Null : Yahoo! Tech

 

[buckeyefool]

Beware Circuit City closeout deals: No refunds on broken gear : Christopher Null : Yahoo! Tech

I always love reading the comments after these stories. the one guy is blaming them for selling shiity and broken stuff. If it is sealed and CC has never opened it, how the hell does CC know it is broken. It happens and most times the company would take it back, except in this case they are not going to be around so they cant take it back. Idiots

 

[Thump]

I guess the "No refunds" signs they have around the stores aren't clear enough for these mouth-breathers.

 

[Jake]

I guess the "No refunds" signs they have around the stores aren't clear enough for these mouth-breathers.

Then you get people like this moron...

"criminal charges need to be filed against circuit city."

 

[buckeyefool]

I guess the "No refunds" signs they have around the stores aren't clear enough for these mouth-breathers.

well they only have about 1000 of them and 20 or so at each register. What do you expect

 

[jimotis4heisman]

So, Circuit City was front and center in the seminal business self-help book Good to Great. That doesn't make its author, Jim Collins, look very good.

Or perhaps the problem is that Circuit City began deviating from the G2G philosophy. Whatever. I know CC used to be an excellent place to buy electronic goods; we always preferred it to Best Buy.

i believe the reprints are being set up as good to great to bankrupt...

fannie mac, circuit city, gillete (eliminated in merger). collins books have declined 43.12% in the past year, with stuff like wells fargo, most others, average, nucor has done at above levels.

the book suffers from the barnum effect, survivorship bias (if something comes up with a great idea, is around 10 years then tanks, well it still could have been great, no?) but that can be explained by his other book- "built to last"

 

[BrutusMaximus]

Its actually people buying things from circuit city, taking it home and breaking it while trying to use it, because they are stupid.......

Although I hate circuit city, always have.....even with their stuff marked down 50%, I can get it 50% cheaper online. No wonder they are bankrupt.

 

[martinss01]

on the bright side the 1 million retention bonuses for the 208 executives seems to have been a stunning success.

 

[jwinslow]

Circuit City: Circuit City Scoreboard Shows Why They're Shutting Down

 

[jlb1705]

Let's be a little fair here. These CC stores are being run by a liquidation firm at this point. A liquidation firm won't take account payments, and their mission is to get rid of stuff fast - therefore no returns, and no - they shouldn't be sorry for not having something in stock because they're doing their job. Gift cards? A gift card is essentially an IOU - and if you were too dumb to collect on it before they went bankrupt in a very public way, too bad.

Also, while it kinda sucks - what incentive does a near-minimum wage worker who knows they are about to lose their job have to be decent to everybody who walks through the door? That is especially true for the experience of customers who berate you for something out of your control, or because you're not allowed to "do whatever you want", as one of the items on that board shows.

Circuit City was bad, and probably no better now - but those tallies reflect the collective stupidity of the customers as well.

 

[jwinslow]

Circuit City: Best Buy Says Goodbye to Circuit City

Reader Sean sends in these photos taken outside his local Circuit City store in Amherst, as Best Buy's Geek Squad pay their final respects to Circuit City. And by that, I mean they bought stuff.

Sean tells us that the store was empty down to 3 carts, which meant Circuit City did the only thing they could: They sold their fixtures.

Those yellow price tags you see in the image below are how much the shelves went for, which is what the BB people were there to buy. Everything was somewhere between $75 and $250, in case you were wondering.

 

[jwinslow]

Circuit City: Image Shows Circuit City Employees Still Have Their Sense of Humor (Dignity is 0.2% Off)

 

[3074326]

Let's be a little fair here. These CC stores are being run by a liquidation firm at this point. A liquidation firm won't take account payments, and their mission is to get rid of stuff fast - therefore no returns, and no - they shouldn't be sorry for not having something in stock because they're doing their job. Gift cards? A gift card is essentially an IOU - and if you were too dumb to collect on it before they went bankrupt in a very public way, too bad.

Also, while it kinda sucks - what incentive does a near-minimum wage worker who knows they are about to lose their job have to be decent to everybody who walks through the door? That is especially true for the experience of customers who berate you for something out of your control, or because you're not allowed to "do whatever you want", as one of the items on that board shows.

Circuit City was bad, and probably no better now - but those tallies reflect the collective stupidity of the customers as well.

If everybody worked retail once in his/her life, retail wouldn't be such a shitty job.