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10-20-2008, 01:30 PM
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#1
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Cyndalie
is not it.
Marketing Director / SEO
Join Date: Aug 2002
Location: Philadelphia
Posts: 2,334
xBucks: 63,793
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Circuit City makes no sense
The other day we noticed a new sign on a new building being added to a strip mall. It said : Circuit City. My husband and I scratched our heads, wondering weren't they in trouble? I heard they may be going out of business. "It'll be closed before it'll be opened" we joked.
Then today I see "Circuit City may shut stores to avoid filing, Struggling electronics retailer Circuit City Stores Inc. is considering a plan to shut at least 150 stores and cut thousands of jobs to avoid filing for bankruptcy protection"
Why would they be BUILDING and opening a new store then? It's not like there isn't another one not a few miles away.
Sounds like they deserve what is coming. 
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10-20-2008, 09:44 PM
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#2
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Evil Chris
is drinking Heineken
Clone of myself
Join Date: Aug 2002
Location: Montreal
Posts: 12,983
xBucks: 315,254
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Could it be some kind of tax runaround game?
I'm not familiar with the American tax system (certainly not corporate tax) but I know here in Canada there are many tricks you can use to keep your head above water with the tax man.
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10-21-2008, 09:21 AM
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#3
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Cyndalie
is not it.
Marketing Director / SEO
Join Date: Aug 2002
Location: Philadelphia
Posts: 2,334
xBucks: 63,793
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I think it's just plain old - not enough business to go around.
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Cyndee - Director of Marketing & SEO |
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10-21-2008, 09:27 AM
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#4
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oceania
should edit this
audio sex goddess
Join Date: Oct 2004
Location: FL
Posts: 377
xBucks: 5,050
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it does seem like common sense is not one of the things driving business these days
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10-21-2008, 10:14 AM
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#5
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12ClicksMichele
is always as usual
Words and stuff
Join Date: Sep 2008
Location: Dirty Jerzee
Posts: 156
xBucks: 4,773
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Out of all the electronics I have ever bought I think I have only once ever purchased from Circuit City. Once Best Buy came around it seemed to kill CC, at least locally.
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10-21-2008, 11:45 AM
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#6
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Panky
is the Queen of Mean
Moderator
Join Date: Nov 2002
Location: Montréal
Posts: 4,780
xBucks: 31,961
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Maybe they are closing stores in locations that taxes are higher, stores aren't reaching projected profits, are too costly to run for one reason or another, and then taking that money and opening one up in a different location that is more cost effective. Less stores, less expenses.
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10-21-2008, 05:21 PM
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#7
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Easton
is a content producer
Royal Vault
Join Date: Dec 2002
Location: Phoenix, AZ
Posts: 653
xBucks: 7,962
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i always wondered who still shops in actual stores for tech stuff... i haven't bought anything from a real store in years... TVs, DVD player, Sirius gear, all our computers, laptops, etc... we get everything online
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