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Old 06-25-2008, 07:18 PM
 
Location: Tennessee
28,661 posts, read 48,772,286 times
Reputation: 20437

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For Circuit City and its investors, the last couple years have been nothing but torture. Witness the epic share-price decline of nearly 90% over the past two years. Witness the glimmer of hope brought about by Blockbuster's proposed takeover offer in April, which is backed by Carl Icahn, only to see the market severely discount any chance of it happening.

Can Circuit City be saved? - Top Stocks
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Old 06-25-2008, 07:22 PM
 
4,247 posts, read 9,538,630 times
Reputation: 1463
Let the free market prevail. If Circuit City cannot stay in business, such is life.
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Old 06-25-2008, 07:29 PM
 
Location: Arlington, VA —> Likely Durham, NC in October
24,569 posts, read 34,766,933 times
Reputation: 34228
Quote:
Originally Posted by John1960 View Post
For Circuit City and its investors, the last couple years have been nothing but torture. Witness the epic share-price decline of nearly 90% over the past two years. Witness the glimmer of hope brought about by Blockbuster's proposed takeover offer in April, which is backed by Carl Icahn, only to see the market severely discount any chance of it happening.

Can Circuit City be saved? - Top Stocks
I'm a former Circuit City employee. After that 3000 person layoff last year and the way they did it, they deserve whatever they have coming to them.
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Old 06-25-2008, 07:42 PM
 
26,662 posts, read 40,633,950 times
Reputation: 14765
After the commisons were gone, the only thing that inproved was that you weren't bothered twice in every aisles "can I help you", but now nobody is to be found to help you or to pick up the phone...so it went from overdone to nobody. I called yesterday to the store and it took me over 15 min. to even get an associate on the phone...
At Best Buy they do so much better...and it is upper management who is to blame for this. Just my opinion.
I still bought a computer at Circuit City today, since they had the one we liked the most and the price was the best, otherwise I would have chosen an other store.
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Old 06-25-2008, 07:50 PM
 
Location: Sherman Oaks, CA
6,320 posts, read 15,789,794 times
Reputation: 8444
When I read about that last year, I vowed to never shop there again. I know the remaining employees are the ones who suffer, but what a bunch of imbeciles on that management team! Why would anyone decide to lay off the most experienced, best workers simply because they supposedly make too much? $15 an hour is barely a living wage these days, anyway! But no, it's better to cut that guy loose and hire someone for $8 an hour? That's not the way I'd do business.

Quote:
Originally Posted by Alanboy395 View Post
I'm a former Circuit City employee. After that 3000 person layoff last year and the way they did it, they deserve whatever they have coming to them.
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Old 06-25-2008, 07:52 PM
 
Location: San Antonio
10,238 posts, read 19,212,781 times
Reputation: 10185
When CC announced they were gonna run-off most of their employees (I'm sorry, am I supposed to say "associates"?) to hire cheaper help MANY people decided to never go into a CC again. I haven't been in one since and many of my friends and kinsmen haven't either.

To the Devil with 'em.
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Old 06-25-2008, 08:05 PM
 
2,675 posts, read 4,070,013 times
Reputation: 2694
I decided never to buy a thing there after that employee deal that CC did.
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Old 06-25-2008, 08:48 PM
 
Location: Texas
8,062 posts, read 16,492,561 times
Reputation: 3708
I DO shop at CC because I've gotten very good service there. I HATE Best Buy. No matter which store I've been in, they seem to be staffed by arrogant and lazy young men who make it obvious they'd rather be gathered around the store's Guitar Hero or Rock Band display game. In fact, I walked out of Best Buy because I couldn't find anyone to help me and leaving took me past the Rock Band display. There they all were! As I walked out, the CS person they have at the entrance asked me if I found everything I needed and I told him I had come to buy a laptop but since no one was "available" to help me, I was off to CC.

And I DID buy a Sony Vaio at CC because they were so helpful. So, yes, I do hope CC can be saved. I hate to think what the "shopping experience" would be at BB if they had no competition!
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Old 06-25-2008, 08:53 PM
 
5,273 posts, read 12,809,387 times
Reputation: 5804
If they ran their stores better they wouldn't have this problem, now would they?

Retail stores can be ran for fun & profit. But when management gets bloated & rich and investors are bowed down to... well, there goes the farm, Martha.
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Old 06-25-2008, 09:19 PM
 
Location: Texas
4,933 posts, read 6,973,629 times
Reputation: 5506
My parents have had bad luck with best buy too in regards to customer service/warranty issues. I recently made a CD purchase at circuit city. They had an Alison Krauss CD that I couldn't find at a few other places I looked at. Price seemed good too as I recall. I think I spend 11.99 on it. I hope they pull through, and I think they can do so with some strong leadership, competitive pricing, and good customer service.
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