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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
lurker
Industry Role:
Join Date: Aug 2002
Location: atlanta
Posts: 57,021
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Circuit City to shutter 155 stores, locations to go public tomorrow
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#3 |
visit hardlinks.org
Industry Role:
Join Date: Jun 2003
Location: Las Vegas , Nv >>> [email protected] or icq 94994627 anytime
Posts: 18,362
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the unemployment ratio is about to explode
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#4 |
Doin fine
Industry Role:
Join Date: Oct 2005
Posts: 24,983
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I knew they were hurting, but why they would announce this before the holiday season I've no idea. A good holiday sales period could put them right back in the game. Seems to me this would drop their stock hugely and not be a good move towards recovery.
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#6 |
Doin fine
Industry Role:
Join Date: Oct 2005
Posts: 24,983
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#7 |
Confirmed User
Join Date: Aug 2008
Posts: 1,719
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According to company statements it was this or bankruptcy.
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#8 |
Fuck Checks, CASH only!
Join Date: May 2002
Location: New York City
Posts: 19,422
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"The idea behind closing the stores before Black Friday is to transfer product from the failing stores to the stronger ones to save some money."
I see tons of missing products, tons of damaged good, and huge shipping bills Retail thou is dead within a few years there will be no blockbuster, circuit city etc etc wonder what will take over all this millions of SF of retail space?
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#9 |
Deputy Chief Command
Industry Role:
Join Date: Nov 2005
Posts: 4,482
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#10 | |
Too lazy to set a custom title
Join Date: Dec 2006
Posts: 23,400
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Quote:
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#11 |
Confirmed User
Join Date: Aug 2003
Location: Austin, TX
Posts: 4,090
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one of the comment posters in that article said they went to store locator on the CC website, and a store near them wasn't listed, thinking that was a way to find if a store near you is closing.
i did this test, but the local store showed up. anyone else see this? i guess seeing the list tomorrow will be the real answer. Linens-n-Things closeout has been great.. been buying alot of good deals. you can get their bose system with 20+ speakers for $750 at the end of the closing, but you have to rent a scissor lift to take them down. I almost was going to do it, but then i was thinking what a lot of work and then having to do something with all those speakers. the ones they usually have are the white environmental ones that cost around $100/piece. so 20 speakers at $100/each, along with the amp and the crossovers for $750 is a great deal (with about $200 for the scissor lift). Fight the waiting!
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#12 | |
lurker
Industry Role:
Join Date: Aug 2002
Location: atlanta
Posts: 57,021
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Quote:
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#13 |
Confirmed User
Join Date: Jan 2005
Posts: 1,558
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It has happened before and it will happen again - big box stores expand too fast and then they have to close some. We end up with tons of empty big boxes and everyone is all upset. Then, somehow a few years later there is a new set of stores that takes over all the empty boxes and the proces starts over. Let's see how many big boxes we can think of that went out last time that got replaced with the targets, circuit cities, best buys, and home depots of today. I'll start - around here it was - caldor, builders square, hechingers, etc.
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#14 |
Geo Cities
Industry Role:
Join Date: Aug 2003
Location: North Captiva Island, Florida USA
Posts: 11,832
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#15 |
. . .
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Join Date: Apr 2007
Location: NY
Posts: 13,724
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it will be Best Buy and Fry's gain
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#16 |
Confirmed User
Join Date: May 2007
Location: Austin
Posts: 1,793
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I am a little surprised actually!
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#17 |
Confirmed User
Industry Role:
Join Date: Jun 2003
Location: My High Horse
Posts: 6,334
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circuit city caught a bad rap when they refused to stock DVD instead supporting the DIVX format, the result was they lost a lot of customers to best buy and other places and never really recovered. no great loss really fuck em.....
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#18 |
So Fucking Banananananas
Industry Role:
Join Date: Mar 2003
Location: If I was in your ass you'd know it
Posts: 12,991
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dosent surprise me. there probably have the worst employees of any electronic store I have been to. None of the employees seem to ever want to help out, and most of their time, their answer is "search online" or they try and push you to someone else so they can continue to text message while on the clock.
I really miss Frys. by far has to be one of my favorite stores and if there was one within 2 hours, Id be there at least once a week ![]()
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#19 |
Troll Patrol
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Join Date: Aug 2002
Location: Local Socal
Posts: 15,214
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This might be good news, I've been looking at buying their stock for a quarter a share, but was afraid of a bankruptcy announcement soon. This should at least delay that and possibly drive up the stock price if it helps them avoid bankruptcy. The more I read about them though, they seem to be widely regarded as one of the worst managed big retailers.
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#20 |
Mainstream Businessman
Industry Role:
Join Date: Jan 2007
Location: San Diego
Posts: 9,291
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I would imagine companies like that have holidays that boost sales already factored into their plans, and I doubt any retailer is expecting this holiday season to be anything but disastrous now given the state of the economy. More and more people having less and less money.
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#21 |
Confirmed User
Join Date: Mar 2004
Location: Richmond, va
Posts: 588
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Two of the biggest employers in Richmond VA are Circuit city and Capital One.
Glad I put my money in the bank and waited to pull the trigger on my investments
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#22 |
Let's do some business!
Industry Role:
Join Date: Sep 2004
Location: Austin, TX
Posts: 31,323
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Does anyone even shop there? Apparently not...
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#23 |
aka Jimmy James
Industry Role:
Join Date: Nov 2006
Location: Newport
Posts: 1,335
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doesn't surprise me...best buy, compusa, etc all on the chopping block...simply cannot compete with competition such as frys and newegg. low overhead and lower pricing point from sheer volume there won't be many big retail chains left soon. fry's in fountain valley is ALWAYS crowded regardless of time/day
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#24 |
I'm Lenny2 Bitch
Join Date: Mar 2001
Location: On top of my soapbox
Posts: 13,449
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Looks like Best Buy is putting the screws to them
Linens and Things is going out of business because they can't compete with Bed Bath and Beyond Really weird to see retailers going under or cutting back right before the holidays.
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#25 | |
Doin fine
Industry Role:
Join Date: Oct 2005
Posts: 24,983
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Quote:
Ya I looked and mainly west coast couple in GA and Il and In. thats about it. Next closest is Texas. From my count Frys has 35 or so stores. Best buy has 1150 stores. I doubt Frys is making that much of a dent yet. |
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#26 | |
. . .
Industry Role:
Join Date: Apr 2007
Location: NY
Posts: 13,724
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Quote:
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#27 |
Doin fine
Industry Role:
Join Date: Oct 2005
Posts: 24,983
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Ya nothing against them, only ever heard good, but I just doubt they are putting much of a ding into best buy yet. Best Buy is pretty damn huge.
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#28 |
Confirmed User
Join Date: Aug 2007
Posts: 2,985
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What killed them was that weird commercial a while back. Notice the creepy ass father at the end seemingly clueless that his daughter just had a daydream about going backstage with a rock band.
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#29 |
Confirmed User
Industry Role:
Join Date: Sep 2006
Location: Las Vegas
Posts: 1,269
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What killed Circuit City was their decision to get rid of all the commissioned sales people (the only ones that knew anything), because they thought they could compete with Best Buy by imitating their hiring of essentially worthless hourly employees. All the Circuit City sales guys that were making decent money took their knowledge and CC paid training to Best Buy and other retailers, and Circuit City was left with the very people that were being "performance managed" out of jobs 3 months earlier.
The decision to do it now is because there is not a lot of profit in selling $20 DVD players during the holiday season. You have to sell millions of them to make anything on them, so regardless of the sales dollar numbers, Christmas is far less profitable per dollar than the rest of the year. |
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#30 |
Confirmed User
Industry Role:
Join Date: Dec 2007
Posts: 3,108
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best buy and online places like amazon took CC down. also the loss of quality employees hurt. mervyns and now circuit city...
frys is great and awesome prices but the customer service isn't the best. kind of like a candy store for nerds. they even sell XXX dvd's too... porn + electronics = paradise
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#31 | |
aka Jimmy James
Industry Role:
Join Date: Nov 2006
Location: Newport
Posts: 1,335
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Quote:
http://ads.ocregister.com/rop/web/oc...gory.php?id=22 still family owned also but posted 2.4B annual sales
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#32 | ||
It's coming look busy
Join Date: Mar 2001
Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn".
Posts: 35,299
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Quote:
Started a business plan on it recently. Just can not post much more about it in such places as I know it could get jacked. If someone is that curious and could be a stable investor in the first one, they could contact me. Quote:
Hell my local Mervin's is closing right now, everything is 25% off and will drop again on Thursday as my inside guy told me, he will know rate latter today. However you can not use your Mervin's card to buy the stuff, nor your mervyn's coupons you build up as being a card holder. I figure by next Thursday we will be doing a run on Mervin's to buy all the gift stuff we will need, plus any household stuff, and perhaps stock up on some sheets, blankets, white t-shirts, socks, and underwear. There goes most of my Christmas money I would be spending on others right there. Also at a major savings and if my guy is correct on his assumption of the discount - talking about 35 to 55 percent off in assorted areas.
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#33 | |
Fuck Checks, CASH only!
Join Date: May 2002
Location: New York City
Posts: 19,422
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Quote:
http://finance.yahoo.com/q?s=RSH
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#34 | |
Troll Patrol
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Join Date: Aug 2002
Location: Local Socal
Posts: 15,214
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Quote:
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#35 |
Registered User
Industry Role:
Join Date: Feb 2006
Posts: 22,511
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just the beginning - many predict a shit ass xmas retail sales wise many more chains to go down in december.
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#36 |
Confirmed User
Industry Role:
Join Date: Jun 2003
Location: cyberspace
Posts: 8,021
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Real stores find it hard to compete with e-commerce stores, especially in a downwards economy. Renting a building goes per 5 or 10 years lease. Shoplifting sucks too. It only attracts local buyers and it's much harder to market then nationwide or worldwide.
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#37 |
Confirmed User
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Join Date: Mar 2008
Location: Miami
Posts: 5,527
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I entered my local Circuit City on a weekend and it was empty. It's simply better if they close down the store and let someone else take up the space.
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#38 |
Confirmed User
Join Date: Dec 2003
Location: 1123,6536,5231
Posts: 3,397
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Yep Mervyns is out of business in 2 cities I frequent. The one in Aliso Viejo had a 90% clearance weeks ago - and were selling FIXTURES.
Same with Cypress. They are done. These retailers had no business being open to begin with so no loss. |
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#39 |
Confirmed User
Join Date: Dec 2004
Posts: 656
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their stock is at .02
worthless. they've retained a bankruptcy firm already. stick a fork in them.
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#40 | |
Too lazy to set a custom title
Join Date: Mar 2002
Location: Australia
Posts: 17,393
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Quote:
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#41 | |
Confirmed User
Industry Role:
Join Date: Dec 2001
Location: Portland, OR.
Posts: 6,034
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Quote:
good video there - watched it the other night..
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#42 |
Troll Patrol
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Join Date: Aug 2002
Location: Local Socal
Posts: 15,214
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#43 | |
Guest
Posts: n/a
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Quote:
Fry's is always busy here too. They have better customer service the Circuit City, Best Buy, etc. |
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#44 |
Confirmed User
Join Date: Mar 2001
Location: ReliableServers.Com
Posts: 1,462
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Everyone I have been to sucks, no surprise that the are closing some down.
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#45 |
Confirmed User
Join Date: Dec 2004
Posts: 656
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cool. buy that stock. good luck with that.
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#46 |
Confirmed User
Join Date: Nov 2003
Location: The Buck Starts Here
Posts: 5,779
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Which reminds me. I need to get to the linen n things to stock up on some things
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#47 |
Confirmed User
Join Date: Nov 2007
Location: Kalamazoo, MI
Posts: 2,490
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the one near me survived but I still don't shop there
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