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Store closing sales begin at 154 Circuit City locations
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The following comments relate to this news article:
article published on 6 November, 2008
If the state of the economy isn't keeping you from making consumer electronics purchases you may want to find out if there's a Circuit City closing nearby. On Wednesday the company announced store closing sales at 154 locations.
?Merchandise will be marked down to sell fast. Everything must go,? said Stephen Miller, Principal and Managing Director, Gordon Brothers Group. ?The timing couldn?t ... [ read the full article ]
Please read the original article before posting your comments.
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atomicxl
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6. November 2008 @ 23:17 |
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Hmm... I just got paid this week too. I might finally take the plunge on a PS3/Blu-ray if they have stand-alones for $150 or PS3s for $300 or less.
This message has been edited since posting. Last time this message was edited on 6. November 2008 @ 23:18
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varnull
Suspended permanently
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6. November 2008 @ 23:28 |
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The big question has to be "Are you going to miss them?"
I just want to know if losing 154 stores will impact anybody. I don't care about them because I'm not that side of the pond, but maybe they are vital to some?
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Senior Member
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6. November 2008 @ 23:28 |
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Sorry, another store I won't miss. Was not impressed with their prices, nor their inventory, always thought that they had a haphazard approach to inventory. Feel bad for their employees, but not the corporate level.
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Staff Member
4 product reviews
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6. November 2008 @ 23:41 |
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Originally posted by blivetNC:
Sorry, another store I won't miss. Was not impressed with their prices, nor their inventory, always thought that they had a haphazard approach to inventory. Feel bad for their employees, but not the corporate level.
My cousin is a manager at one Circuit City and says the word from the top is they wont make it to Black Friday even. Their 0.33 cent stock price is an embarrassment and a testament to bad leadership.
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bangor09
Newbie
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7. November 2008 @ 05:04 |
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Originally posted by blivetNC:
Sorry, another store I won't miss. Was not impressed with their prices, nor their inventory, always thought that they had a haphazard approach to inventory. Feel bad for their employees, but not the corporate level.
Yep, same here, just to think about loosing your job at these times, let alone so near of the holidays is an awful thing...
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Senior Member
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7. November 2008 @ 06:40 |
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Circuit City was definitely a great store to shop for consumer electronics lets say 17+ years ago(pre-internet, best buy, fryes, comp usa, wal-mart, ect ect ect)
Kinda hard for them to compete when you can apply yourself and get the same item for sometimes up to 30% cheaper and in some cases, tax and shipping free.
Years ago they botched a stereo install job and did major interior damage 2 my car so screw ummmmmm :)
No time for Leap frog!!!
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Vr0cK
Newbie
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7. November 2008 @ 09:34 |
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Hope the ones near my location closes too. They have nothing but overpriced out-of-date technology.
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IguanaC64
Member
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7. November 2008 @ 10:11 |
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It's not the Internet that destroyed this store, it's like a previous poster mentioned..."They have nothing but overpriced out-of-date technology." I used to like to look at the Sunday ads, and they'd have a few cool gadgets for a low price that draw you into the store and you'd maybe buy one or two other things. It seems like many stores have dumped that model. Fry's still does it...that's why I still go to Fry's often. Best Buy is gonna be next if they don't take the Circuit City lesson seriously. I used to enjoy going to Best Buy for the same reasons I stated above, and now I barely go in the store.
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AfterDawn Addict
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7. November 2008 @ 10:50 |
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The worst part about the Circuit City that was here in San Bernardino was that most times they had no one that knew anything about computers. They will tell you anything just to get the sale, even if it's wrong! Very poorly run company! I'm not shedding any tears, and I won't miss them!
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Senior Member
11 product reviews
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7. November 2008 @ 11:38 |
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FACTS as of today:
Last Sale $ 0.2461
Change Net / % 0.015 5.74%
1y Target Est: $ 1.50
Today's High / Low $ 0.28 / $ 0.24
Share Volume 3,438,598
Previous Close $ 0.2611
52 Wk High / Low $ 8.24 / $ 0.17
Shares Outstanding 168,125,000
Market Value $ 41,375,562.50
If you do the math, within the "year high", they lost $1,343,974,437.50 BUCKS WOW!
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AfterDawn Addict
3 product reviews
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7. November 2008 @ 11:47 |
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I'm another that won't miss them much. The local one was always a great spot if you wanted to talk to someone who knew nothing about the products, and shrugged a lot. I saved time and just asked the people in the parking lot any questions i had. I got more answers there.
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emugamer
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7. November 2008 @ 12:18 |
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The one close to me is sticking around. Too bad. We could really use a Trader Joe's in my area. The one by me is across from a Best Buy and is always empty. I think most of their employees are box-boys. I almost never see a sales rep anywhere.
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AfterDawn Addict
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7. November 2008 @ 12:28 |
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Originally posted by 7thsinger:
I'm another that won't miss them much. The local one was always a great spot if you wanted to talk to someone who knew nothing about the products, and shrugged a lot. I saved time and just asked the people in the parking lot any questions i had. I got more answers there.
Hell, you could just ask the light post in the parking lot and get about the same answers you get by going in the store! LOL!!
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patron
Newbie
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7. November 2008 @ 13:07 |
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Originally posted by varnull:
The big question has to be "Are you going to miss them?"
I just want to know if losing 154 stores will impact anybody. I don't care about them because I'm not that side of the pond, but maybe they are vital to some?
Not vital to me at all, I stopped shopping Circuit City when I had to return a TV based on a popular defect and they wanted me to RMA it even though i purchased a 2 yr warranty. Best buy's warranty is pretty much hassle-less where I live, take it right back in the store and they give you the gift card in hand for what you paid for it (if they don't have replacement in stock)
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Moderator
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7. November 2008 @ 13:32 |
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I thought Best Buy had bought out Circuit City, in which case this is no surprise, Best Buy have already bought into a major UK company this year as are intent on making their presence felt in the UK....
edit- i was wrong, BB hadn't bought out CC, it's no wonder it's confusing these days, every company seems to be owned by half a dozen other companies...
Main PC ~ Intel C2Q Q6600 (G0 Stepping)/Gigabyte GA-EP45-DS3/2GB Crucial Ballistix PC2-8500/Zalman CNPS9700/Antec 900/Corsair HX 620W
Network ~ DD-WRT ~ 2node WDS-WPA2/AES ~ Buffalo WHR-G54S. 3node WPA2/AES ~ WRT54GS v6 (inc. WEP BSSID), WRT54G v2, WRT54G2 v1. *** Forum Rules ***This message has been edited since posting. Last time this message was edited on 7. November 2008 @ 18:38
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SProdigy
Senior Member
5 product reviews
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7. November 2008 @ 15:35 |
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Quote:
Best Buy is gonna be next if they don't take the Circuit City lesson seriously.
Doubtful. The difference between CC and BBY is night and day. BBY knows how to squeeze the dollar out of the consumer and does a much better job with brainwashing, er, training their employees to do thy bidding.
Their stores are laid out similarly and are easy to find product in (for the most part.) Just finding a cash register in CC can be hell.
BBY knows how to sell their "complete solution" to customers, meaning they can (and will) attach as much extra money-making crap to a sale as possible. Most of the big items, such as PC's, Video Games, and even DVDs don't make BBY that much money. It's the accessories, car audio and appliances, along with their services (ie. Geek Squad) that are their bread and butter. Even TV's have less of a profit margin than they once had.
Ever compare ads between CC and BBY? BBY ALWAYS looks like an advertisement within an advertisement. If you're looking at TVs, the screens in the ad promote Blu-Ray, NFL Sunday Ticket/DirecTV, or the latest movie release. Ditto in the store. It's no coincidence that Sony has a page or two of advertisements and special kiosks/endcaps setup with ONLY Sony product. BBY is paid by Sony and other companies to do so.
Also BBY has instant rebates versus mail-in rebates.
That's what makes a load of difference.
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varnull
Suspended permanently
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7. November 2008 @ 16:21 |
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Thanks everyone for taking part in my little survey.. Now I suppose you want to know what I was looking for.
I was thinking about the staff losing their jobs in the current economic climate.. Looks like putting "worked as sales for CC" might not be the best thing to put on a job application for another retail post eh?.. judging by how many people think the staff would have been better if they had been cardboard cutouts or something. It's not that hard to read the manufacturers blurb on an item in store is it? I worked sales for a while.. and it helps even if you only read the display leaflets to get at least a clue about which thing does what... now to get my rice out of the tv eh?.
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techoter
Junior Member
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7. November 2008 @ 16:22 |
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Wow, 154 locations? How many jobs is that? This seems like big news.
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Bozobub
Senior Member
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7. November 2008 @ 16:33 |
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The idiots should've damn well known this was coming; they fired all their "highly-paid" (ooo, $10/hr., rockin'! >8p ) employees and hired ALL new entry-level store clerks. I mean, wdf? Aren't these the people who generate your damn revenue?!?! Gee, I guess treating them like crap wasn't such a smart move.
Die, you corporate morons.
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PetahG
Suspended due to non-functional email address
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7. November 2008 @ 17:50 |
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Quote:
Quote:
Best Buy is gonna be next if they don't take the Circuit City lesson seriously.
Doubtful. The difference between CC and BBY is night and day. BBY knows how to squeeze the dollar out of the consumer and does a much better job with brainwashing, er, training their employees to do thy bidding.
Their stores are laid out similarly and are easy to find product in (for the most part.) Just finding a cash register in CC can be hell.
BBY knows how to sell their "complete solution" to customers, meaning they can (and will) attach as much extra money-making crap to a sale as possible. Most of the big items, such as PC's, Video Games, and even DVDs don't make BBY that much money. It's the accessories, car audio and appliances, along with their services (ie. Geek Squad) that are their bread and butter. Even TV's have less of a profit margin than they once had.
Ever compare ads between CC and BBY? BBY ALWAYS looks like an advertisement within an advertisement. If you're looking at TVs, the screens in the ad promote Blu-Ray, NFL Sunday Ticket/DirecTV, or the latest movie release. Ditto in the store. It's no coincidence that Sony has a page or two of advertisements and special kiosks/endcaps setup with ONLY Sony product. BBY is paid by Sony and other companies to do so.
Also BBY has instant rebates versus mail-in rebates.
That's what makes a load of difference.
Lol, you either are a Best Buy employee, you worked there in the past, or you shop there waaaaay too much that you have actually realized their strategies and plans lol..Because I'm a Best Buy employee and what you said is exactly our selling motto lol
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ddp
Moderator
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7. November 2008 @ 18:31 |
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creaky, best buy did not buy circuit city.
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Moderator
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7. November 2008 @ 18:36 |
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Cheers ddp, was just researching it to be sure, i'll edit my reply..
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Junior Member
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7. November 2008 @ 20:40 |
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...this store is always "going out of business"...maybe this time it is for real?!!!
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Member
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7. November 2008 @ 20:48 |
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I could care less they were over priced and under stocked and customer service what customer service.
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Senior Member
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7. November 2008 @ 22:52 |
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Quote:
they fired all their "highly-paid" (ooo, $10/hr., rockin'! >8p ) employees and hired ALL new entry-level store clerks
The final act of stupidity to say the least. Throw away all of the experience and put your future on the newly untrained, not!
Hooray, I lose the one closest to my house, but am stuck with the one in the wife's mecca of shopping. One down, One to go.
This message has been edited since posting. Last time this message was edited on 7. November 2008 @ 22:55
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