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
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
Hardly anyone working in our local Circuit City was supporting a household. They were mostly high school kids. So, in that sense, the 34,000 jobs might not have meant much to the overall economy. Those were lost when they replaced their staff a couple of years ago.

I think we would be better off if we prevented companies from getting too big to fail. Circuit City, like many before them, got too large to manage successfully. Like our overall economy, they were too dependent on momentum. And like a bicycle, they became very unstable without momentum.
You know, its really hard to believe, (of course I do, since it happened), that CC would let their 'professional sales staff' go. Let's visit that for a moment.
I have NEVER been in CC and been impressed with any sales person that I met. If they 'let go' what we're considering a professional staff, and replaced them with something less than that, what did they have with the new personnel?
Here's a fictional account of the level of sales people that certainly must have been in place 'after' they let the good ones go.

Act 1
Scene 1
Salesperson: "OK sir, I see you've picked out that...really big, a flat looking...T.V. thingy...that has a lot of, what? hook ups, and it's really...hmmm black and light at the same time, and like, really, clear.

Customer: "Uh, yea, well that's the Panasonic 52" Hi Def Plasma TV, with HDMI, 3 component, with a contrast ratio of 1Million to one, and it..."
Salesperson: "Whatever...let's see, are you pretty strong, I can't lift this and my service/delivery guy is right in the middle of an XBOX 360 online tournament..."
Customer: "Well, what about you, why can't you help me put it in my truck?"
Salesperson: "Dude...I've got a test in freshman biology tomorrow, I need to get crackin' otherwise I'll spend another year in that class...and I don't think 3rd time is really a 'charm', if you know what I mean."
Customer, with disgust: "Ok, ok, I'll do it, just get me the paperwork..."
Salesperson" "Oh, almost forgot, you wanna supersize that?"

Good riddance.
FWIW, I have had nothing but bad expereinces buying from "Liquidators". Never again!