Circuit City To Close Another 150 Stores?
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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.
Comments welcome.
2 Comments
DarkSentinel
November 19th, 2008
at 12:19pm
We stopped by the one close to where we live (Reno), and the “so-called” sale really sucks. Even at their “sale” prices, Walmart still beat them hands down. Comments by people in the store, and those leaving reflected that same sentiment. Personally, I don’t feel it was the crash at all. The writing was on the wall much earlier, as it was for CompUSA. They priced themselves out of business. I haven’t anything so far, but Best Buy may be joining them for that very reason.
Having worked part time at CompUSA, I saw firsthand the markup they did on their prices. Which was the main reason I did the part time in the repair shop. I got everything at cost…:)
Let’s face it, with the current economy, places like Circuit City had better change their marketing strategy, and pricing structure, or they are all going to go the way of the dinosaurs.
Ron Schenone
November 19th, 2008
at 2:45pm
I’ve heard the same thing that the sale prices are still high. Rumor has it as the weeks go on, the prices will drop.