[SGVLUG] Circuit City in trouble

[Ted Arden]

yeah.. i work at CC and they are doing
okay.. not great, but all retailers are
suffering.  i built their linux store
infrastructure which has been implimented
across 40% of their chain. (probably would be
a good topic for a monthly meeting). i still believe
in them, they just need to find their nitch,
and the store in monrovia kinda displays their
movement to smaller footprint, more inventory
and better customer experience.

that being said, if you think that BestBuy
is an any better shape, i believe they BK'd
about 9 years or so ago (/me too lazy too google)
so everyone can restructure and re-invent.

you oldtimers like me on the list, remember when
CC had commission based sales staff and you
were scared of being attacked walking in??  they
fixed that, they'll figure a way to fix their
current prob.

saying 'don't buy this and do buy that from CC'
is not like sharperimage who sold crap.  this is
still the #2 electronics store in the country.

=ted=

On Sun, 2 Nov 2008, matti wrote:

>
> fyi - from a forum item on slickdeals.net
> recalling the Big Lots deal Tom posted
> about the laptop - which were "rerouted"
> from Circuit City so I thought I should
> pass this along:
>
> best
> matti
>
> ==== ====
>
> circuitcity in trouble
> No sure if Hot deals is the place for this but here it is anyway
> Mods move as required
> Some old news but troubling anyway
> WSJ article on CC closing stores from Oct.20th
> http://www.reuters.com/article/rb...4020081020
> Possible delisting from NYSE stock price currently $0.26
> http://news.cnet.com/8301-17938_1...398-1.html
> Sony trucks being turned away (insider tip)
> http://gizmodo.com/5072782/sony-t...-shipments
> Internal CC letter detailing store closure
> http://consumerist.com/5074161/br...155-stores
>
> I posted this so people are aware
> 1: Don't buy any CC giftcards (if CC goes bankrupt you would be considered an unsecured creditor)
> 2: Don't buy any Firedog services
> 3: Don't buy any extended warranties if they're CC's
> 4: If you buy anything and need to return remember check local CC's if one closes others will take returns (as per internal letter)
>
>
>
>
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