Circuit City is Closing, Liquidating


I know most of us here on this site probably don't shop there, but what impact other than the obviously painful loss of jobs. How does this bode for the other stores? More and better sales?
Thoughts?

Larry
lrsky
I'm shocked that Congress isn't bailing them out!? Why not send a couple of hundred billion their way and save 34,000 jobs? If we do it for banks, investment houses, car companies, insurance companies, etc, why not help the morons that ran CC into the ground? Lord knows you and I don't need the money and BB is doing just fine, thank you. Looks like Motorola isn't doing to well either. And Northern Telecom just filed for bankruptcy (sure they're a Canadian company, but I feel really bad for them 'cause they are out of jobs, it's cold up there, and they have to speak French).
"Have any posters in this thread bought televisions within the last three years?"

On a more serious note and significantly smaller monetary scale, yes, I bought two TVs from CC. One 50" Plasma 2 years ago and a 52" LCD this past Thanksgiving. Both purchased online from CC. Everything went great: price, delivery, old haul-away. No issues at all with either set. My family loves them (I rarely watch either).
IT hard for me to have any sympathy for Circuit City.

For many years, they have been a poster-child of the mediocrity that plagues so many things these days from what I saw. I don't think they were that way when they started.
Circuit City was a "quieter" atmasphere overall (if that's any consolation)

I can't even think straight entering Best Buy with boom-box-rap-crap blasting and kids SCREAMING over the PA system.
Mapman,Larry everyone else all this goes back to downloadable music and the I-Pod as the new audio reference. Nobody makes money on video.. its the draw that brought new customers into a store. Whether it was lo-fi mid-fi or hi-fi, video drives the market. If a retailer makes 10 to 15% on video thats alot, you need to do 28 to 32 % in profit margin just to keep the doors open. With good sounding cheap crap that fullfills the masses, that may only cost a few hundred dollars instead of a $1000 or more a retailer can not make up that lost profit margin on the total gross sale. Again many peoples reference is an I-Pod anything better than that is a self perceived waste of their money. The audio industry is at the demise by a computer company banking on I-Tune refills. Tom