Consumer electronics chain Circuit City is pulling down the shutters and kicking out 30,000 employees on to the streets.
The ailing consumer electronics giant is liquidating.
Over the years, we’ve purchased many products from Circuit City including PCs, TVs, Cameras, software, CDs, DVDs,Â vacuum cleaners (they once sold that too), music systems and more.
James A. Marcum, vice chairman and acting president and chief executive officer for Circuit City Stores said:Â
Regrettably for the more than 30,000 employees of Circuit City and our loyal customers, we were unable to reach an agreement with our creditors and lenders to structure a going-concern transaction in the limited timeframe available, and so this is the only possible path for our company,
We’ve seen so many electronics chain stores close – Good Guys, Computer City, CompUSA,Â Montgomery Ward, The WizÂ et al. Less competition is definitely not good for the consumer.
Circuit City had knowledgeable employees initially but lately the stores have been staffed by clueless bozos.
A few months back, when we went to a nearby Circuit City store and asked about Apple TV,Â the sales person had no idea what we were talking aboutÂ and told us Apple was not selling TVs.
We gave up and went to the Best Buy across the road. The kid at Best Buy immediately knew what we were talking about and showed us the product (ultimately, we decided not to buy Apple TV and stayed with the Roku box and the Netflix service).
Is Best Buy the only national consumer electronics chain left standing?
Nortel has also declared bankruptcy ..I can only say
Tough men last …tough times don’t
There is a strong itch in me to feel happy about American losing thier jobs ..after reading all your posts in Search India ….nevertheless i will desist from doing so ….As of now my Indianess stops me from doing so ..
anyway it should have read 30,000 American coolies screwed today
Nortel is a Canadian company but Circuit City is of course American.
Srinivas : anyway it should have read 30,000 American coolies screwed today
Coolie means unskilled asian labour, so cant use that for americans… may be we can call them punks..
so it should have read as 30k american punks screwed.
tears welled in my eyes when I saw this
probably because I am drunk..
I have got great many thinks from those bastards.. booo hooo hooo.. somebody console me, pleasssse
You write; probably because I am drunk..
We are opening our bottle too in a few minutes (8:55PM EST now). Planning to mix Pomegranate Juice with Brandy.
BTW, what a coincidence.
As you were typing the above comment, we were at our local Circuit City, which like all CCs, is having a going out of business sale.
We found a nice 8.9-inch ACER minibook Acer Computer AOA150-1570 for $315…unfortunately, the only unit they had was the display model.
Right now, they are having a sale only for the PCs/Notebooks, TVs, Digital cameras & some software. Overall, the deals are not that great.