• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

US retailer Circuit City to close

Maximus Zeebra

Maximus Zeebra

MoG
DP Veteran
Joined
Dec 14, 2006
Messages
7,588
Reaction score
468
Location
Western Europe
Gender
Male
Political Leaning
Other
BBC NEWS | Business | US retailer Circuit City to close

Another, Wow, just, wow..

When I was in the US I used best buy, thats a fabulous store, but a question arises from my memory... Didn't circuit city use to be "the big one" before, a pioneer in electronics sales? Amazing how things change and their business is now completely dead..
 
Maximus Zeebra said:
BBC NEWS | Business | US retailer Circuit City to close

Another, Wow, just, wow..

When I was in the US I used best buy, thats a fabulous store, but a question arises from my memory... Didn't circuit city use to be "the big one" before, a pioneer in electronics sales? Amazing how things change and their business is now completely dead..
Click to expand...
Circuit City wasn't near as great as Best Buy. Their greatest product was Camera's, and even Best Buy could beat them in that area. They were expected to close due to losing customers to other competitors. This IS a surprise and quicker than expected, however, make no mistake, this is a sign of an economy going under.
 
Last edited:
Free market at work. They took risks to maximize profit, and when the economic situation soured they were caught with their pants down. It sucks, but it happens.
 
Maximus Zeebra said:
BBC NEWS | Business | US retailer Circuit City to close

Another, Wow, just, wow..

When I was in the US I used best buy, thats a fabulous store, but a question arises from my memory... Didn't circuit city use to be "the big one" before, a pioneer in electronics sales? Amazing how things change and their business is now completely dead..
Click to expand...

No. They started out in 1949 as "Wards" an appliance store. They were no more "the big one" than say Sears. They did not expand into a full blown electronics store until 1981. They changed the corporate name to "Circuit City" around 84' I think. The only thing that is "Wow" about this is it did not happen sooner. They have been having trouble since 2003.
 
MrVicchio said:
Free market at work. They took risks to maximize profit, and when the economic situation soured they were caught with their pants down. It sucks, but it happens.
Click to expand...
You assume the US has free-market? We has a mixed-economy last time I checked.
 
DarkWizard12 said:
You assume the US has free-market? We has a mixed-economy last time I checked.
Click to expand...

Oh FFS. We have a "Free market system" I'm not gonna argue the finer points of that WHEN IT DOESN'T MATTER to the situation at hand.
 
Guess I'm glad they didn't hire me. Hate to lose another job to store closure...
 
Korimyr the Rat said:
Guess I'm glad they didn't hire me. Hate to lose another job to store closure...
Click to expand...

It's what happens during a recession. Business fail. This is partly just due to the nature of the situation, and partly due to companies pushing for maximum profit margins. Which works great when things are chugging along just fine, your company bets things won't slow down and the management believes it can react to a changing economy and lower the risk. However, as you have seen, that doesn't always work out so.
 
DarkWizard12 said:
Circuit City wasn't near as great as Best Buy. Their greatest product was Camera's, and even Best Buy could beat them in that area. They were expected to close due to losing customers to other competitors. This IS a surprise and quicker than expected, however, make no mistake, this is a sign of an economy going under.
Click to expand...

No, I mean in the past.. In like the 70s and 80s, circuit city was the "big one", yeah?
 
You must log in or register to reply here.
Back
Top Bottom