Circuit City used to be the largest electronics store in the United States, yet today they no longer exist. This video talks about the company's history while highlighting what I believe to be the most significant reasons behind its decline.
The Decline of Circuit City...What Happened?
- Thread starter MASTERBAKER
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Circuit City used to be the largest electronics store in the United States, yet today they no longer exist. This video talks about the company's history while highlighting what I believe to be the most significant reasons behind its decline.
I have a Circuit City tattoo under my right eye. My first non-fast food employer. They gave me a shot after being heart broken by sams clubs. I wore a suit to the interview too. I came on as a seasonal associate and stuck around until I became a nurse.
Enough your shiiit Oliver,you need to be admitted to the psych ward....asap.The shit you come up with is to the fucking moon and if lying was a sport you would be Magic Johnson.
Most of the managers were down bad outside of that building. Mike, the youngest manager, really had a rough 20 years. Larry went to Wawa. Joe bounced around until retirement. I met Joe’s mother at a hospital. She was an Italian teacher during the fascist era. She still wanted to hang Mussolini when I met her. There was a female manager who just moved to Las Vegas chasing after her ex husband. Her kids hate her guts as much as her husband. She was fucking the entire warehouse department.
I used to work there...
I used to commit a lot of theft there as well. not while I was employed.
God has forgiven me.
frys was amazingRest in Peace...
we took radioshack for granted.
He missed a few things. Walking away from appliances was idiotic not only because of the then upcoming housing boom, but also because they were the 2nd largest seller in the US behind Sears. I worked there at the time and pretty much everyone in that department just went to work for Sears.
The biggest issue they had was they couldn't properly explain to people how commissioned sales actually works. If you didn't know, the key reason the salespeople bring up every other accessory or feature is because they were trying to eliminate reasons for you to bring the product back. When that happens, they don't get paid.
The biggest issue they had was they couldn't properly explain to people how commissioned sales actually works. If you didn't know, the key reason the salespeople bring up every other accessory or feature is because they were trying to eliminate reasons for you to bring the product back. When that happens, they don't get paid.
Circuit City went under because their people worked on commission so their cash flow was all over the place, hence credit and supply chain was all over the place.
BestBuy their main competitor didn't , so they could control cash flow, and inventory better.
BestBuy their main competitor didn't , so they could control cash flow, and inventory better.
Circuit City had dropped commission sales around 3 years before they went out of business. What largely took them out was that instead of using the proceeds they got from spinning off Carmax on restructuring their business they spent it on stock buybacks to make them look better on the stock market. They assumed that they could get financing or a buyout and carried on signing new leases despite being cash poor.
Then the housing market collapsed.
They declared bankruptcy to get out of most of the leases they signed the year before, but still had to get financing like they originally thought would be easy to get, Of course, that wasn't happening in the fall of 2008 so they had no other option than to liquidate.
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