Circuit City Shuts 155 Stores - The End is Near

[admin]

Circuit City is shutting down 155 of its wost-performing stores and will, as a concurrent result, lay off around 7200 employees or 17 percent of its total workforce. The company is trying desperately to restructure its corporate structure, though at best it seems more like a controlled shut-down as the corporate machine attempts to salvage the company from an all-but collapsed stock market position.

Discuss "Circuit City Shuts 155 Stores - The End is Near" here. Read the article.

 

[Gimpy Ric]

Stock price 30 cents a share? Down from $7 plus...Not good. I bought my TV there, but my extended warranty is with G.E. Thank Goodness.

 

[Wayde Robson]

Poor old CC. My condolences.

They recently bought out the Canadian version of Radio Shack - which through a strange twist of corporate buy-outs had become a different company that the American Radio Shack.

I wonder if The Source in Canada will see some closures?

Not that it matters much to me as a customer. If want solder, switches, contact cleaner etc I go an electronics shop. The actual consumer electronics at Source is pretty bare-bones.

Weird name, The Source. Makes me think of some pseudo-mystic power.

Man 1: "Nice radio - where'd you get it?"

Man 2: "I got it at - The Source!" Both men look up at the sky in wonderment.

 

[jamie2112]

Thats too bad. The last time I set foot in a CC the service people were complete idiots and I left, never to return. The end.



It does suck people are going to lose their jobs right before the holidays.

 

[Gimpy Ric]

It does suck people are going to lose their jobs right before the holidays.

Ain't that the truth.

 

[10010011]

Here is what I heard. If you local store is open tomorrow (Nov. 4th) then it is not closing. If it is closed then that means they are repricing everything for the closing sale that begins Nov. 5th.

 

[corysmith01]

You can find the list of stores closing here. Sad. I feel for the people losing their jobs just as the holidays are coming up.

 

[Adam]

Wow. Both of the ones in Tucson are staying open...for now. Surprising. I guess business must be good enough here.

 

[fmw]

My local CC is on the list of closing stores. It opened less than a year ago. A shame really, it has better people than the more established store up North. Ah well. So it goes. Recessions are never pretty.

 

[The Dali]

Not one store closing within driving distance! No sales for me.

Definitely a bad deal... you'd think they could'va waiting until January. I know, business never stops.

 

[GlocksRock]

It figures that the only CC in my state that is closing, is the one that is closest to me. I will be sad to see that store going out of business... I have bought a lot of stuff there over the years, and always liked CC more than Best Buy. At least there is another store not too far from me that is much newer and nicer. On a more positive note, I may be able to get a digital camera for my mom for Christmas for real cheap.

 

[KASR]

Here is what I heard. If you local store is open tomorrow (Nov. 4th) then it is not closing. If it is closed then that means they are repricing everything for the closing sale that begins Nov. 5th.

If this is true, I'm hitting up the two stores in my area that are closing....gonna scope out the deals. Hate to see them close, but I love me some fire-sales!

 

[j_garcia]

There are quite a few closing in my area, though none of them are exactly close either.

 

[S.R. Johnson]

If this is true, I'm hitting up the two stores in my area that are closing....gonna scope out the deals. Hate to see them close, but I love me some fire-sales!

I for one are glad that they are closing!! I used to worked there and i've heard that they had a lot of top notch salesman and they let them go and hired a bunch or snot-nosed 17-19 yr old kids that don't know jack $hit!!

 

[10010011]

You can find the list of stores closing here. Sad. I feel for the people losing their jobs just as the holidays are coming up.

Only one closing in my state.

 

[Seth=L]

I for one are glad that they are closing!! I used to worked there and i've heard that they had a lot of top notch salesman and they let them go and hired a bunch or snot-nosed 17-19 yr old kids that don't know jack $hit!!

That's because they thought they could take the Best Buy approach. Notice that H.H. Gregg is still kicking it, and they still have commission sales.

If this is true, I'm hitting up the two stores in my area that are closing....gonna scope out the deals. Hate to see them close, but I love me some fire-sales!

It's very true, and that's exactly what they will be doing.

 

[gliz]

I live in Plano Texas I plan on going to McKinny tomarrow to look for bargans. Mckinny is a store that they are going to close. I mostly feel bad for those who are about to loose their jobs thoug. My prays are for them.

 

[Halon451]

Not one store in my area is closing, so I too will miss out on the fire sales. Not even close to feeling bad that the company is listing as severely as the Titanic in an iceberg field, but like someone else pointed out - this also means that a lot of people are losing their jobs right before the holidays. I wish them the best.

 

[emorphien]

Local store(s) are staying open. I'd like to see CC get it together and survive just to keep some competition on Best Buy but it sure doesn't look good.

 

[darien87]

Losing your job just before X-mas sucks, but I think I might have that beat. I got laid off while I was on my honeymoon. Sure put a damper on me bringing back gifts for everyone in my office.

"Geez, I just paid for a wedding and a honeymoon, and now I don't have a job?!?!"