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Circuit City Files For Bankruptcy
WillDraven is just one of many who writes to tell us that Circuit City, the United States' 2nd largest consumer electronics retailer, has filed for bankruptcy under chapter 11. This news comes as no surprise as the company has been in financial trouble, recently announcing that it will be closing over one fifth of its stores and laying off 17% of its US employees in the process. "Larger rival Best Buy, which is based in Minneapolis, has said it might take over stores that distressed rivals close. Yet a flood of discounted merchandise from liquidating Circuit City stores could hurt Best Buy during this holiday shopping season, said Jefferies & Co analyst Dan Binder."
The entire loss was due to shoplifting, they should have been more suspicious of their customers. Hopefully there will be a crackdown now.
Nullius in verba
I might be crazy, but it was always so dark in their stores. Maybe that was to enhance the rest of the lighting.
It's called a target market. They were catering to the goth market that was alienated by positive, well lit, bright blue, khaki wearing Best Buy employees.
You didn't notice the nipple rings and dark eye shadow being "standard flare" for Circuit City's uniforms? What about their efforts to exclusively offer The Crow on Blu-Ray or the Circuit City brand razor blade impulse aisles?
My work here is dung.
Unfortunately, they didn't take into account the fact that after spending 99% of their disposable income on black eyeliner, goths have very little money left for consumer electronics.
But didn't anyone feel sad because of their memories of formatting those Windows 3.1 machines they had on display in Circuit City back in the early 90's?
That and putting something "cute" on the marquee screen saver.
Maybe I indirectly lead to their demise some odd 20 years later after making the one person who could have saved the company quit in frustration because of those damn brats.
"I am the king of the Romans, and am superior to rules of grammar!"
-Sigismund, Holy Roman Emperor (1368-1437)
The receipt check they do is bogus anyway. They don't actually check anything on the receipt. Basically, they look to see you have a receipt. They never look in the bag to see what you have, and they certainly never match what's in the bag to what's on the receipt. After they do a receipt check, quiz them on what you bought. They will never be able to tell you. Never!
Problem is they kept pushing a card game on everyone...
http://en.wikipedia.org/wiki/Gother_Than_Thou
for more info about it.
Plus the emo kids were all committing suicide in the aisles when they found they could not buy copies of panic at the disco.
Do not look at laser with remaining good eye.
If you paid $600 for your computer, it might've had an enter key on the keyboard ...
Yeah, Circuit City is WAY too big to let fail. My top companies that are vital to the global economy, I would say Citigroup, AIG, and then Circuit City.
Yes, it only took TEN YEARS for DIVX to completely destroy them!
I think Circuit City is suffering from the fact it's trying to push HDTVs and Blu-ray players in an economy that sucks. That's it. That's all it is. High priced luxury goods, nobody to buy them.
You are not alone. This is not normal. None of this is normal.
Just before CompUSA closed, I had a manager and security guard refuse to let me leave the building until I showed them my receipt
That's the point where I would have pulled out my cell phone, called 911 and told the dispatcher that I was being held against my will.
I want peace on earth and goodwill toward man.
We are the United States Government! We don't do that sort of thing.
And on that note, Radio Shack survives Circut City. Totally bizarre that nothing seems to kill that chain. I'm starting to think that if there is a nuclear war, I may just run to radio shack since they seem to strangely survive everything without rhyme or reason.
Also, one defective shipment of the house-brand razors and they lost nearly a quarter of their customers.
They're too embarrassed.
Question everything
Best new idea for Holiday Stocking Stuffers:
Giftcards from companies about to file for bankruptcy.
Hey, its not YOUR problem if the $100 giftcard (that you only paid $5 for), is worthless by the time the recipient can actually use it.
It's the thought that counts ... right? :)
This space for rent. All reasonable inquiries will be entertained at proprietors discretion.
I once visited the Creation Museum and got some ID on me. Fortunately it scrubs off.
They're not even equivalent. The $5.43 cable is two feet longer. So, per foot, the monster cable is actually 3,590% more expensive
Question everything
...I'll bet its owners now wish they had accepted the extended warranty.
Tired of FB/Google censorship? Visit UNCENSORED!
Its great if you can get Chuck from the Nerd Herd to work on your PC, but otherwise the store is full of spies, spooks, and narcs.
...passes the name and costume to someone in the next generation
I'm thinking the next move will be to
"Radio Shack - Head Shop and Erotic Toys"
I'm sure they will continue selling batteries for the various lifestyle accessories.
Radio Shack will always survive because it sells 555 timer chips. Those protect it from recessions, shoplifters and rentacop security guards scaring the customers away by preemptively waterboarding them in the back room to deter shoplifting.
echo -e 'global _start\n _start:\n mov eax, 2\n int 80h\n jmp _start' > a.asm; nasm a.asm -f elf; ld a.o -o a;
If you knew anything about Slashdot
tgd (2822) ...
Bryansix (761547)
*scratches head*
And BTW, just where in the United States is it illegal not to have ID on you?
Apperantly every time you step into a car after staggering out of a bar... freaking fascist pigs...
(I joke of course)
What sort of Nazi made up that rule?
Seriously, Don't take anything I say seriously.
then it's their duty to take one home to make the inventory come out right.
Tough job, but I guess someone has to do it ;)
I want peace on earth and goodwill toward man.
We are the United States Government! We don't do that sort of thing.
Everywhere. At least under the current administration.
(ie, my mouse died about a year ago and all my old spares were PS/2 only - my new KVM is limited to USB. It was worth it to me to buy a replacement locally rather than wait 3-5 days to get a new one in)
AKA, "What good is a Newegg, Mr Morden, if you have no mouse!"
If you want a vision of the future, imagine a youtube comments section scrolling - forever.