In an update and conclusion, reader Sean let us know he finally got satisfaction regarding his story that we posted, “Circuit City Credits Wrong Card For $130 Return, Sends You Away With Nothing.”
David went to Circuit City yesterday to buy a copy of the new Guitar Hero game, which, according to our extensive research, is currently on sale at Circuit City. Unfortunately, the employees at this particular store refused to sell him the game, then lied about its release date, so that they wouldn’t have to correct an error in their computer system. Why were they so reluctant to fix the mistake? Because the game was priced at $10,000 in the system, and to mark it down to its actual price would “look bad.”
According to anonymous insider tips, Circuit City is closing 155 stores and withdrawing from 12 markets. This will be officially announced tomorrow at 8am, says our source. A scan we received of a letter distributed to CC employees helps corroborate the story. The tipsters say that store employees were told this morning. No information was provided at that time about severance pay. Employees in certain departments, like car installation, and Firedog, will likely be out of a job within 48 hours. Warranties will still be honored. UPDATE 6: Here’s the complete official list of closing stores.
More bad news for Circuit City. Its stock is trading so low that it is in danger of being delisted from the New York Stock Exchange.
Circuit City sold Ronald a fake camera for $1134.99, and now they’re holding the fake and his money hostage. The camera was no Kodak disposable, but a Nikon D90 Digital SLR. When he opened the box at home, inside was a D50 covered with crappy D90 stickers and affixed with a fake serial plate. Circuit City should give him his money back or a new D90. Why should Ronald be punished for Circuit City’s inability to maintain control over their supply chain? He shouldn’t. He should file a chargeback with his credit card company. Ronald’s letter of complaint to Circuit City’s consumer affairs group (firstname.lastname@example.org), inside…
This clip is a sort of medley of all of Circuit City’s dashed dreams and hopes, as told through their ads from nearly two decades ago. Look at the first one, the ad that announced their arrival to the New England area. What do the eager young bucks in it promise and how have those promises stood the test of time?
If you were confused about why Circuit City might close 150 stores, this customer complaint sent in by William O’Donnell makes it pretty clear: Circuit City sucks. They try to get out of price-matching with a nearby B&H, out of the 3 hard drives he went through, one was missing parts and one wasn’t even the right drive, and they try to tell him that it’s supposed to come missing parts. Basically, when they don’t know what they’re talking about, they just make some shit up to make their lives easier. That’s what happens when you cut costs by firing anyone who knows what they’re doing. Here’s Will’s tale:
A reader signing off as “Sucker” wants to let the world know that Circuit City’s extended warranties/replacement plans aren’t living up to the sales pitch. When he bought his XBOX 360, the salesperson assured “Sucker” that if the XBOX broke (as they tend to) that instead of having to wait around for a replacement — he could get a refund in the form of a gift card. He accepted. Guess what didn’t happen?
The Wall Street Journal is reporting that beleaguered retailer Circuit City is considering a plan to close 150 stores and cut thousands of jobs in an effort to avoid bankruptcy.
Circuit City has announced that, after extensive research, they’ve decided that consumers want to see the same prices in the stores as on-line.
Since the end of May, Circuit City’s stock has lost about 87% of its value; the company has fired its CEO, lost a $1.3 billion takeover offer from Blockbuster, and posted quarterly losses of $239.2 million. Now the Washington Post says that the company lost a recommendation from a firm that advises manufacturers on whether to ship goods to retailers – meaning that Circuit City may be having trouble paying its vendors. Are they ready to go under?
Yesterday, we asked you to tell us how Circuit City’s new CEO should fix his stores. It’s been a troubled few years for Circuit City. Before the former CEO resigned last week, he’d embarked on an expensive and drastic “turn around” plan that, well, let’s be honest — failed.
Somebody stop the bleeding! After losing $164.8 million in the first quarter, Circuit City has announced that they’ve taken it to the next level, and, not to be outdone by last quarter’s disaster, have managed to lose $240 million dollars.
Robert bought an extended warranty from Circuit City, but they won’t honor it to repair his broken computer because they claim it has water damage. Robert writes, “As God is my witness, this computer has never seen water,” and he sent us the photos Circuit City sent him.
Circuit City’s CEO, possibly the last guy left who might have known how to install HDTV , stepped down yesterday. Philip J. Schoonover’s efforts to turn around the troubled electronics retailer, which included firing a bunch of long-time employees and replacing them with lower-paid workers without benefits, didn’t work out. What with the worsening economy and all, it just didn’t seem like a good time to be a CEO.
Reader Sue saw this sign at Circuit City and snapped a picture of it for us.