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Circuit City closing 155 stores by year's end

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Home A/V | by Stephen Schenck | Mon Nov 3, 2008 3:30PM | 1 comment

Circuit City continues to spiral towards going out-of-business as it makes plans to close 155 stores. This is just on the heels of news that the company faces stock exchange delistment due to its share price being so low for the past month. The affected stores notified employees over the weekend and will be firing them sometime before the end of the year. Company insiders report that customers having warranty or return issues will have to visit a store not on the chopping block to get any service — the closing stores will be liquidating their stock and only that: no Firedog services, no car audio installs.

Although the thousands of employees will certainly feel the pain of this move, does it affect you as a consumer? With all the ways to buy online, do you still purchase electronics at brick-and-mortar stores? If so, does seeing a big name like Circuit City closing so many stores change your attitude towards them? Share your thoughts with us below.

[Image courtesy of Larry Tomlinson]

This story around the web:

Trusted sources:
external link Circuit City announces store closure plans,… [Engadget]
external link Circuit City axes 155 stores [SlashGear]
external link Circuit City Will Close 155 Stores Amid… [NewsFactor Network]
external link Rumor: Circuit City On Death's Door, Closing… [Gizmodo]
external link The Complete List of Dead Circuit City Stores… [Gizmodo]

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Circuit City

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adam hartung external link (9:22 PM on Mon Nov 3, 2008)

Does anyone remember that Circuit City, just a few years ago, was the best performing company in Jim Collins' book "Good to Great"? Obviously, Mr. Collins' approach to management is worth some reconsideration given the fall of Circuit City. It would seem a new approach to management would be worth considering. Read more at http://www.ThePhoenixPrinciple.com

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Anonymous (5:14 PM on Mon Feb 8, 2010)

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