 So, what happened, Circuit City? In the eighties your service was state of the art! You even said so yourself! So why is it that a few days ago you decided to liquidate all assets, which in layman's terms means to close. Certainly it wasn't the fact that in the nineties you failed to update your incredibly dreary stores to fit new retail trends. While Best Buy had bright and inviting stores your stores continued to look like the dark, black abodes of sleazy electronics salesmen that was supposed to be a relic of the eighties. Might that have helped in bringing your downtown? Possibly, but who can be certain.
You tried to change, Circuit City. Your new stores look like a Best Buy ripoff, except instead of blue they are red. Too bad though that your changes we too little, too late. By the time you chose to adapt, Best Buy was already dominating the market, and there was little room for you to catch up. When we entered the second Great Depression, you were screwed.
So here we are today. Circuit City is closing. I'd shed a tear, but I worked at Best Buy and I loved it. I mean sure Best Buy has a few screw ups here or there, but Circuit City failed over the whole decade. And of course there are now the massive liquidation sales going on, but as The Consumerist states - Be Careful! Liquidators mark up items to their original prices or higher just so they can be "marked down" 30%. Sometimes, you might even spend more money on the item during the liquidation. Also, if you have Circuit City gift cards, you might want to spend them now.
Goodbye, Circuit City. You're service may have been state of the art in the eighties, but your inability to adapt coupled with the second Great Depression has killed you off. You won't be missed.
Poor Circuit City, relic of the Eighties. You had your streak of amazingly depressing dark stores and creepy atmosphere, but then Best Buy came along and now things are just terrible for you. You've tried really hard to rescue yourself from sinking ever farther into the abyss. Your new stores feel like in many ways of copy of old Best Buy stores. Always trying to catch nowadays, aren't you? Well, it sounds as though things are not going your way anymore.
Circuit City isn't exactly profitable anymore. Hemorrhaging money is a good way to describe their current situation. Let's just say it is bad, really bad. It's bad enough where investors are expecting a bankruptcy declaration next week, and the NYSE is ready to delist them. Well, that just seems bad, doesn't it. Well, it seems as though things are going to get much, much worse.
Sony, you know, the people that do the PlayStation 3 (nee PLAYSTATION 3), have decided to abort shipments to Circuit City distribution centers while the shipments were in transit. They are afraid that Circuit City will not be able to make payment on those shipments, so... no new Sony Shipments for Circuit City. So, if you need a big box store to buy your Sony crap from, might want to try Best Buy from now on.
Why is this such a big deal? Because apparently several companies are waiting for one company to stop shipments so that they as well can stop shipments. If that is truly the case, then the road to bankruptcy is coming to its destination very, very soon. Stay tuned to that! You might get some amazing deals!
Sony Merch Bound for Circuit City Makes U-Turn [Updated] [Kotaku]
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