Whether this is a rumor or not, it is not going to make life easier for the folks employed by Circuit City. Consumers will not shop at a store that might go out of business soon, no matter what guarantees the company makes. As an example, Circuit City states that extended warranties will be honored, since they are provided by third parties. But let’s face it. Who is going to believe this?
According to Tech Traders:
As for which stores close, it’ll be a simple question of which locations remaining have the worst profitability. Black Friday looks to be a large indicator of how this whole scenario will play out.”
Anyone feeling optimistic about sales on Black Friday? I didn’t think so.
But what caught my attention was this comment:
I currently work for circuit city, and I have seen a tremendous decline in sales over the past couple months. I would come in to work and there would be little to no customer’s on the floor as oppose to last year where the whole month of November was packed. I honestly feel that shutting down another 150 stores will not help the company in any way, it will just postpone if not speed up the process of completely shutting down. Circuit city’s inevitable doom awaits it in 2009.
Are things really that bad? I’m not sure. But on Monday evening we went out for dinner near a Circuit City. At 7:00pm, there were 3 cars in the Circuit City parking lot.