Author Topic: Circuit City to close 155 stores  (Read 1071 times)

TR0N

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Circuit City to close 155 stores
« on: November 02, 2008, 03:42:23 PM »
Damn i had no idea they were in that bad of shape.
http://consumerist.com/5074161/updated-breaking-circuit-city-closing-155-stores
Now i hear they were in financial trouble but i wasn't expecting this.
« Last Edit: November 23, 2008, 10:31:09 PM by TR0N »

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Turbo D

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Re: Circuit City to close 155 stores
« Reply #1 on: November 02, 2008, 07:48:46 PM »
That sux, heh. They recently opened up a "The City" in my neighborhood. I went in there and was swarmed by salesmen! Its a very fun store though; they have all the consoles hooked up and you can play for as long as you want.  :)

Michael Helgeson

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Re: Circuit City to close 155 stores
« Reply #2 on: November 02, 2008, 09:46:10 PM »
Already expected this to happen years ago. I worked for one for about a month then quit since I was moving. Their benefits sucked, as did the pay, work hours, lack of break times, ect. Overall they seemed to be a tad abusive to employees with the one sided "what can you do for us, because we are not doing shit for you?" attitude. I turned in notice that I was quitting, and notified them of my new address, and got jerked around about my last paycheck, with them at the store assuring me over and over again it was mailed out, only to find out they sent it back to corporate. I only found this out due to the fact I called their corporate location number. They themselves jerked me around for a week until I threatened to go to the labor board and file a claim for withheld wages. Then all the sudden they were all too eager to send my check express mail. Heard from a friend they did this to her boyfriend also in a similar situation. About a week after I got my check they made some national announcement they were going to be letting  people go in masse in a effort to try to keep stores open in a restructuring action, in hopes this would build up stock and investor confidence. Some corporate guy stated in a interview something along the lines of "people are more then welcome to reapply for their old position, or a new one, at a lower pay rate if they are rehired".

ParanoiaDragon

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Re: Circuit City to close 155 stores
« Reply #3 on: November 02, 2008, 09:46:27 PM »
Hmm, my Circuit City doesn't show up on the store locator, looks like mine is gone, which doesn't surprise me.

Duo_R

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Re: Circuit City to close 155 stores
« Reply #4 on: November 02, 2008, 10:05:29 PM »
one that I heard is closing didn't show up on the locator, so that looks like a good rule-of-thumb.
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Necromancer

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Re: Circuit City to close 155 stores
« Reply #5 on: November 03, 2008, 04:25:18 AM »
They've been hurting for quite a while, so this doesn't surprise me one bit (their stock price has been in a steady decline for two years and below $1 a share since mid September).  The clowns in charge of that train wreck have implemented some of the goofiest ideas over the years in an effort to compete; not surprisingly, they haven't paid off.
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mobiusclimber

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Re: Circuit City to close 155 stores
« Reply #6 on: November 03, 2008, 05:49:44 AM »
Does this mean there will be tons of going out of business sales? :D

Duo_R

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Re: Circuit City to close 155 stores
« Reply #7 on: November 03, 2008, 07:00:21 AM »
liquidation sales at closing locations
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Joe Redifer

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Re: Circuit City to close 155 stores
« Reply #8 on: November 03, 2008, 01:01:42 PM »
Too bad the 14 near me are all staying open.  I would have cleaned those mofos out!  Well, maybe.  Circuit City was just mainly low-to-mid range equipment.

I remember when Circuit City announced the mass-layoffs and the "keep the same job at a lower wage" mentality.  That's a huge "F-you" to any long time employees who really knew their jobs.  That really made me hate Circuit City.
« Last Edit: November 03, 2008, 01:03:36 PM by Joe Redifer »

jperryss

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Re: Circuit City to close 155 stores
« Reply #9 on: November 03, 2008, 01:07:52 PM »
liquidation sales at closing locations

If it's anything like the CompUSA liquidation, they will mark everything up first.

MissaFX

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Re: Circuit City to close 155 stores
« Reply #10 on: November 03, 2008, 02:48:09 PM »
All of their crapsucking stores are still open in Oregon...what a drag.
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SNKNostalgia

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Re: Circuit City to close 155 stores
« Reply #11 on: November 09, 2008, 04:35:47 PM »
I remember Circuit City opening up here just after Best Buy around 5 years ago. Now this is stupid... There would be some of the same products in both stores. Circuit City would charge $10 more than Best Buy and then you mail in a $10 rebate. This alone gave me the idea that these guys are f*cking up. The movie selection is a little better than Best Buy. It sucks that the movie only stores like Reel and Suncoast are all gone. At least the reward rebates were decent at my Suncoast before it shutdown.

Necromancer

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Re: Circuit City to close 155 stores
« Reply #12 on: November 10, 2008, 04:06:35 AM »
Now they're filing for bankruptcy (a.k.a. - an excellent way to get out of all sorts of contracts and agreements and screw some people over).
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nectarsis

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Re: Circuit City to close 155 stores
« Reply #13 on: November 10, 2008, 04:16:27 AM »
I remember Circuit City opening up here just after Best Buy around 5 years ago. Now this is stupid... There would be some of the same products in both stores. Circuit City would charge $10 more than Best Buy and then you mail in a $10 rebate. This alone gave me the idea that these guys are f*cking up. The movie selection is a little better than Best Buy. It sucks that the movie only stores like Reel and Suncoast are all gone. At least the reward rebates were decent at my Suncoast before it shutdown.

Ughhh Cicuit City's by you must be/have been better than up here.  Their movie selection here (4 stores) PLAES in size/variety compared to Best Buy.  As for Suncoast, talk about WAYYYYYYYY over priced, average dvd was $5-10 more (and let's not even touch box sets, etc.) than ANYWHERE else.
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guyjin

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Re: Circuit City to close 155 stores
« Reply #14 on: November 12, 2008, 01:18:17 AM »
No wonder they're going out of business; they can't do math.

http://consumerist.com/5083182/circuit-city-liquidator-demonstrates-its-ability-to-do-math
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