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Circuit City Closes Its Doors For Good

bsharma is amongst the hordes of people wanting us to share the news that long beleaguered retailer Circuit City has finally decided to close for good, asking for court approval to close the remaining 567 US stores. "Whalin said management mistakes over the past few years combined with the recession brought down Circuit City. 'This company made massive mistakes,' he said, citing a decision to get rid of sales people and other mismanagement. What's more, given the credit market freeze, Whalin added that no manufacturer wants to sell to any retailer who doesn't have money to pay for the merchandise. At the same time, Whalin said there's still a very slim chance that one or more firms that have expressed an interest in buying Circuit City could still buy it out of bankruptcy over the next few days."

20 of 587 comments (clear)

  1. More than mismanagement by SomeJoel · · Score: 5, Funny

    I guess the business model of high prices, unfriendly sales staff and poor quality merchandise didn't pan out for them.

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  2. sucks for the employees by Uberbah · · Score: 3, Funny

    But the management was the worst of the worst. I think there was a factory in Argentina where the union kept the shop going after the owners went bust. Too bad the 30,000 employees of Circut City that still have their souls couldn't do the same thing.

  3. Obvious by notque · · Score: 5, Funny

    But DIVX was just about to take off!

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    1. Re:Obvious by Ron_Fitzgerald · · Score: 3, Funny

      Hey! DivX 7 now supports H.264 for .mkv files. That is a company listening to its users and looking to the future.

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      ~ Ron Fitzgerald
  4. Re:Main mistake they made? by megamerican · · Score: 5, Funny

    That pretty much sums it up. The only reason to go to a Circuit City was to avoid crowds.

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  5. Re:What about "The Source" in Canada? by VeNoM0619 · · Score: 4, Funny

    My only question is, why is only the right half of the sign lit up when its a tech store?

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  6. Re:What about "The Source" in Canada? by Xelios · · Score: 4, Funny

    Yes, I remember it well. Radio Shack used to be a chain of small stores where everything was overpriced and the employees knew nothing about what they were stocking. Now it's a chain of small stores where everything is overpriced and the employees know nothing about what they're stocking, but it's called The Source. Good game guys.

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  7. Re:Main mistake they made? by Xtravar · · Score: 3, Funny

    Huh, I find that my CC has smarter and more helpful people than the local BB.

    Now that I've typed that, we need a competitive electronics store that can be abbreviated DD. Dick's Digitals? Digital Dungeon?

    Then we can say "Let's go to double D" and have a good laugh.

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  8. Re:Main mistake they made? by Guido+von+Guido · · Score: 4, Funny

    Huh, I find that my CC has smarter and more helpful people than the local BB.

    You gotta admit that's setting the bar pretty low.

  9. Re:What about "The Source" in Canada? by crabboy.com · · Score: 5, Funny

    Someone please mod parent down for reading the article.

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    The problem with socialism is that eventually you run out of other people's money
  10. Re:With Circuit City and CompUSA all but gone... by amabbi · · Score: 5, Funny

    My wife and I had almost the same experience. Our fridge died. We went to Best Buy, Home Depot, Lowes.. Everybody said that it would take four of five days to get one delivered. We decided to check out a local place. They had a great fridge for a great price. Then came the delivery, the answer was how about tomorrow?

    Ugh. I hate it when people answer a question with a question. Bastards.

  11. Re:Main mistake they made? by darkpixel2k · · Score: 4, Funny

    WalMart is a dangerous company. They can put other business out of business because they can sell for lower prices than anyone else could ever afford to do, because WalMart is so huge and is the only choice of shopping places in many parts of the country.

    ...yet so many people just keep shopping there. Maybe one day everyone will wake up and realize they want a store that doesn't negotiate for lower prices on the products they sell...

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  12. Re:What about "The Source" in Canada? by borgasm · · Score: 4, Funny

    The second half of the sign was above the 4GB addressable memory size.

  13. Re:Main mistake they made? by HTH+NE1 · · Score: 4, Funny

    Don't you know? After BB and CC comes CC++++!

    Will they sell HHD DVVDD BVDs there?

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  14. Re:Main mistake they made? by Dmala · · Score: 4, Funny

    Linens'N'Shit is closing...

    The worst part of Linens'n'Things closing is that I won't get to say Linens'n'Shit anymore. Now I have to come up with new ways to annoy my wife.

  15. Re:Main mistake they made? by Gojira+Shipi-Taro · · Score: 5, Funny

    Well there's still Blood Bath and Beyond.

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  16. Re:Main mistake they made? by wooferhound · · Score: 4, Funny

    Radio Shack
    you have Questions
    we have Blank Stares . . .

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  17. Re:Main mistake they made? by b4dc0d3r · · Score: 4, Funny

    I don't go to BB or CC. I go directly to AA. Can't find what I'm looking for there, but I end up solving some problems that I didn't know I had.

  18. Re:Main mistake they made? by Scyber · · Score: 4, Funny

    Radio Shack
    You have Questions
    We have Batteries....

  19. Re:Main mistake they made? by RenderSeven · · Score: 4, Funny

    Radio Shack
    You Can Get Better
    But You Cant Pay More