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Old 01-16-2009, 09:30 AM
 
Location: West Cobb County, GA (Atlanta metro)
9,188 posts, read 30,226,890 times
Reputation: 5131

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A very interesting story today (sad, but surprising)...

Recently here in Atlanta, they closed all Circuit City stores, but chose to keep many more of them open in other market areas. Today though it appears the remaining 500+ stores will be liquidated in the U.S.. Over 30,000 people are employed at these stores.

Story: Circuit City to liquidate remaining US stores - Yahoo! News (http://news.yahoo.com/s/ap/20090116/ap_on_bi_ge/circuit_city_bankruptcy - broken link)
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Old 01-16-2009, 09:32 AM
 
Location: Up in the air
19,121 posts, read 26,674,785 times
Reputation: 16255
We still have a Circuit City...right next to the skeleton that once was Linens and Things. I got some awesome deals at Linens and Things, and I do need a new digital camera...

Although I'm very sorry all those jobs are going
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Old 01-16-2009, 09:36 AM
 
Location: NJ
327 posts, read 948,241 times
Reputation: 217
i heard about this as well. they just opened another one like 20 mins away from me (im in jeresy), however the one right down the block from me is dying at a fast rate....idk, best buy is just better i guess
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Old 01-16-2009, 09:38 AM
 
Location: Florida
1,779 posts, read 3,484,888 times
Reputation: 944
Uh-oh.

with Circuit City gone, CompUSA greatly reduced and most smaller electronics stores going out of business....... Best Buy is going to have a virtual monopoly in some markets.

30,000 more jobs gone too...this is truly sad, but not unexpected.

When you base an economy around consumer spending, and the consumers stop spending..... this is what happens....
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Old 01-16-2009, 10:15 AM
 
3,234 posts, read 7,627,844 times
Reputation: 2694
Circuit city was a horribly run business that treated their employees like garbage.
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Old 01-16-2009, 10:52 AM
 
11,874 posts, read 32,904,313 times
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Quote:
Originally Posted by garmin239 View Post
Circuit city was a horribly run business that treated their employees like garbage.
That is the absolute truth. I believe it was only a year or so ago when Circuit City made the national news because they were firing long-term employees so they could be replaced with cheaper ones.

It is still sad to see what's happened to Circuit City. CC used to be the best place around to buy electronics. But they just couldn't compete with Best Buy. And as much as I hate to admit it, Wal-Mart usually has cheaper prices than Circuit City, too, particularly for those of us who are only casual electronics buyers.

I'm sure some of the CC locations, particularly their newer ones, will be snapped up by some other retailer so some of those 30,000 employees will be able to find work. But in the meantime, I'm still sorry to see Circuit City go the way of the dodo bird.
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Old 01-16-2009, 11:01 AM
 
3,234 posts, read 7,627,844 times
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The firing the long term employee thing is common practice with them. They did a mass firing in around the 03 time frame and replaced the knowledgeable employees with know nothings and got rid of commission. Also, forcing useless expensive extended warranties down people's throats sent people elsewhere.
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Old 01-16-2009, 11:18 AM
 
Location: New York
120 posts, read 422,359 times
Reputation: 65
Yep that and the fact that (at least for me) the best buys were always bigger, cleaner, newer, and more friendly.
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Old 01-16-2009, 11:22 AM
 
Location: Polish Hill, Pittsburgh, PA
30,184 posts, read 67,327,076 times
Reputation: 15830
As a fellow associate at a big-box retailer I stopped patronizing Circuit City when I learned of them laying off their experienced sales fleet to lower their payroll expenditures by replacing them with inexperienced entry-level associates. There's a BIG difference between retailers like Circuit City/Best Buy or Lowe's Home/Depot and places like Wal-Mart/Target. People who patronize electronics or home improvement retailers almost ALWAYS need special assistance whereas those sauntering into Wal-Mart get what they pay for in terms of quality of service and know this beforehand. You need to PAY to retain your experienced sales fleet, and, in turn, they'll drive MORE SALES by creating customer loyalty. I've been with Lowe's for four years. They can lay me off at any moment to replace me with a runny-nosed teenager, but the customer commendations and sales I've earned thus far will go by the wayside. Circuit City reaps what it sowed. Good riddance! I will continue to boycott Wal-Mart as well hoping that they collapse just as Circuit City did. I'll patronize employers who generally CARE about their employees---Target, Best Buy, Lowe's, Wegman's---and shun the undesirables---Circuit City, Wal-Mart, Home Depot.
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Old 01-16-2009, 11:31 AM
 
3,234 posts, read 7,627,844 times
Reputation: 2694
After I left circuit city once I got my degree, I went back a year later and not one person I worked with was still there. With turn around like that, its kinda hard to do a good business.
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