Circuit City Shutting Down Remaining 567 Stores
by Nick Breckon, Jan 16, 2009 12:31pm PSTAfter filing for bankruptcy last year, electronics retailer Circuit City will close the doors of its last 567 stores, putting 30,000 employees out of work, according to the AP.
Circuit City had been looking for a buyer, with two parties looking to acquire either 350 stores or 180 stores, but the deals eventually fell through.
"This is the only possible path for our company," said Circuit City acting CEO James A. Marcum. "We are extremely disappointed by this outcome."
Close-out sales will begin as early as Saturday.
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These are laughable numbers. I can find better discounts online. For a going out of business sale, these aren't exactly enticing numbers.
I'll go back in a week and better see 50%...
I wasn't expecting much in the way of technical know-how from my co-workers, but I have to say even I was shocked. The people that they had running the Firedog desk were not only technically "stupid," but they were completely disinterested in helping the customer. Out of laziness my manager drilled a hole into the side of a case to mount a hard drive. I begged him to tell the customer to buy a 5.25 to a 3.5 adapter and mount in the 5.25 bay, but he would not. I even offered to go buy one myself on my break and bring it in.
At any rate, I quit after 3 months. 2 days later I was offered a manager's position. I went in to talk about it - and the store director that I had worked under for 3 months didn't even recognize me. He gave me a spiel about how he would treat me "right." He didn't even know who I was!
Sorry this is so long, I'll wrap up.
1. Circuit City told me I would make at minimum $10 an hour, with my experience I was guaranteed $12-13. They paid me $9.
2. It took them almost two months to give me my first paycheck.
3. I'm still on the books as an employee. I can still login to any machine in the store. (It's been over a year.)
4. I was a tech, but they kept pulling me over to sell TV's and Telephones, or run the registers.
5. We never ran the store with more than 40% of the employees we should have had.
6. Every Sunday at 6:00 AM we had mandatory meetings. (I refused to go.)
I could go on and on, but I'll stop here. I genuinely feel bad for the 30,000 folks that lost their jobs - but it's been a long time coming. You can't run a company the way they did and expect to come out ahead.
Oh by the way - I was the only one on the tech desk that had any formal training or had ever worked at any computer related job before.
We were also the Flagship store. Corporate was across the street.
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Circuit City: liquidating all stores now.
Best Buy: still open, but a sleazy overpriced understaffed shell of its former self.
CompUSA: liquidated the local store in spring 2007, liquidated the rest in spring 2008.
Tweeter: just finished liquidating all stores weeks ago.
MicroCenter: one location in Cambridge; good luck fighting with the Trader Joe's crowd and the MIT / Boston University students.
Fry's: doesn't care about east coast people.
Well, that's fun. That pretty much leaves online retail for computer hardware, home audio, and car audio.
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Meanwhile the store across the street(Nebraska Furniture Mart), the store thats been around for decades, you've got at least 10-15 registers and an army of personnel(bout 4 warehouses on site). On top of that, people drive miles and miles just to shop here it's so popular.
And some moron at CC thought it would be a good idea to build a freestanding/costly building in there front lawn! I think they lasted about 2 years, maybe more. Maybe 3-4 cars in the parking lot at any given time.
Best Buy
CompUSA
Tweeter
Circuit City
Apple Store
After CC goes, there will now be:
Best Buy
Apple Store
I'm not counting Walmart and Target because they usually only carry the lower-end models
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