Bankruptcy is a time for reflection, we guess, so we put together a nice little time line of Circuit City’s precipitous decline over the past 2 years. We begin our journey in March of 2007, when Circuit City announced that it was firing everyone who knew what 1080p meant so that they could hire cheaper labor…
(Photo: corsec67 )
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I have a request to do a similar graph of GM! Starting with the death of the electric car. Even though GM hasn’t filed…yet, we can do that half as predictions.
I worked at Foleys, Dillards, and Best Buy years ago. Customers know only on word: cheap, cheap, cheap, cheap! Benefits are poor and you have to work weekends. Bye bye Circuit City. Retail sucks!
I knew this was coming when during last christmas break I attemted to buy at CC web site and pick up at the store, only to find their where out of the things I had paid for online. It got me a $24 certificate, and I went to the next closest store to get my stuff. Same thing happen there..another $24 certificate. By the end I finaly got my stuff AND had enough certificate to ofset my cost… The guy/girl behind the web ordering interface (lack of) and the inventory software might be a significant root cause for the losses.
I do think the employee firing had an impact, but mostly from a publicity/image angle. I simply couldn’t stand to shop at such a sleazy store anymore, so I just stopped. My friends all did the same, they just lost all of us. CC is a *lot* closer to my apartment than any competitor, but I just drove the extra distance or ordered on Amazon. The thing is, I used to do a lot of browsing at CC; the one by me had a good selection of merchandise and pretty competitive prices.
It was bound to happen..that is easy to say now of course. I hope everyone that works there gets a chance to stay on as long as possible or a decent pay out, not like the BS the Mervyns employees got when they tried to take away PTO. Going into Xmas it has to be really tough. I know the CC by my house is a ghost town now.
I understand why many of you hate Circuit City…but why would you want a company that employs so many people to go out of business? It hurts competition, and it hurts a lot of REAL people in our country.