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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 ]
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bangor09
Newbie
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7. November 2008 @ 23:15 |
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Originally posted by Bozobub:
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.
that's also what happens when you don't have an incentive program, if a sales rep has no commission (or a sales incentive)he/she would not care pretty much if you buy for an item or not, let alone actually doing some research and get some specs on the product to show the costumers,since they will be only be getting the same $10 hr (if that) that's a very big diff that goes to show on the costumer service area, now , on the other hand if the company doesn't see the employee is selling as much as they want due the lack of incentive, they can just fire him/her, because to the company's eyes, they will always find someone who will take a $8 and hour without knowing/caring about a incentive/commission deal.
That's just the way it goes... I will love to think that the greedy corps will hurt something and learn the lessons, but honestly, the only one hurting are the employees, and to some point , the costumers.
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martin280
Junior Member
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7. November 2008 @ 23:42 |
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I love when stores go out of business.
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AfterDawn Addict
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8. November 2008 @ 00:20 |
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Quote:
Quote:
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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
No worries this time. Chapter 11 is just around the corner! It was in the Business/Financial news a few days ago. Circuit city is on a cash basis from all their suppliers. The ones they owe money to won't ship them anything, so stick a fork in them, they're done! They are absolutely finished for good this time!
This message has been edited since posting. Last time this message was edited on 8. November 2008 @ 00:21
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Newbie
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8. November 2008 @ 01:45 |
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Bye ...
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susieqbbb
Suspended permanently
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8. November 2008 @ 10:52 |
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Here is what you need to understand.
A mark down at these stores means 100+ mark up i went to a circuit city outlet store and they where more expensive then the real store.
And every time the store placed something on sale all the other stores beat it at nearly 200.00 to even 100.00 off.
Circuit city should go out of business there is no need for them.
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Bozobub
Senior Member
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8. November 2008 @ 11:22 |
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Well said. The market plainly can't sustain their "business model", for want of a better term. They should go. While I'm sure their employees aren't too damn happy, it's not like they didn't see this coming either.
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Member
1 product review
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9. November 2008 @ 21:10 |
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The one going out of business near me marked stuff down a whole 20%, wow what a discount.
Someone posted about a markup- I have been into a couple stores, recently, that were going out of business and found the worst store in the markup dept. was Mervyn's. They don't even do a good job of it. You can see the original price underneath the markup price. Double the price and then knock it down 50%, no thanks.
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Staff Member
4 product reviews
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10. November 2008 @ 11:14 |
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They just filed for Ch 11 bankruptcy
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techoter
Junior Member
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10. November 2008 @ 13:24 |
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Originally posted by martin280:
I love when stores go out of business.
Do you love it when the other stores decide to raise their prices because of the reduced competition?
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AfterDawn Addict
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10. November 2008 @ 16:49 |
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Quote:
Originally posted by martin280:
I love when stores go out of business.
Do you love it when the other stores decide to raise their prices because of the reduced competition?
I'm in the US and I do 99% of my buying from Newegg. Since I have bought over $20k a year from them over the last 3 years, they treat me real good! LOL!! I also find that the overall price difference weighed against how well Newegg handles any problems I have, makes it worth the small difference I pay. I don't even have to pay for shipping returns as they send me a UPS label and don't charge me any shipping when the replacement item is shipped, usually overnight! The only time I shop elsewhere is when I can't get an item from Newegg! Once in a rare while I drop into Fry's so I can refresh my blood pressure! LOL!!
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emugamer
Suspended due to non-functional email address
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10. November 2008 @ 19:00 |
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Originally posted by theonejrs:
Quote:
Originally posted by martin280:
I love when stores go out of business.
Do you love it when the other stores decide to raise their prices because of the reduced competition?
I'm in the US and I do 99% of my buying from Newegg. Since I have bought over $20k a year from them over the last 3 years, they treat me real good! LOL!! I also find that the overall price difference weighed against how well Newegg handles any problems I have, makes it worth the small difference I pay. I don't even have to pay for shipping returns as they send me a UPS label and don't charge me any shipping when the replacement item is shipped, usually overnight! The only time I shop elsewhere is when I can't get an item from Newegg! Once in a rare while I drop into Fry's so I can refresh my blood pressure! LOL!!
Newegg ftw! No sales tax (for me at least and tons of free shipping deals.
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Senior Member
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10. November 2008 @ 23:04 |
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techoter
Junior Member
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11. November 2008 @ 14:47 |
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Originally posted by emugamer:
Originally posted by theonejrs:
Quote:
Originally posted by martin280:
I love when stores go out of business.
Do you love it when the other stores decide to raise their prices because of the reduced competition?
I'm in the US and I do 99% of my buying from Newegg. Since I have bought over $20k a year from them over the last 3 years, they treat me real good! LOL!! I also find that the overall price difference weighed against how well Newegg handles any problems I have, makes it worth the small difference I pay. I don't even have to pay for shipping returns as they send me a UPS label and don't charge me any shipping when the replacement item is shipped, usually overnight! The only time I shop elsewhere is when I can't get an item from Newegg! Once in a rare while I drop into Fry's so I can refresh my blood pressure! LOL!!
Newegg ftw! No sales tax (for me at least and tons of free shipping deals.
You guys imply a good point; and that is that online retailers are the ones crushing the competition. I often go into a big box to check things out then purchase online.
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