Joined: 27 Mar 2006
Posts: 224
Location: east of the Mississippi and north of the Ohio
| Posted: Mon Oct 20, 2008 11:16 pm Post subject: Circuit City to close 150 stores? | |||||
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From the Wall Street Journal (got the entire article by googling 'Circuit City close': google news search
Circuit City Weighs Broad Cuts
Interesting, could Eddie be far behind  ?
LT |
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Joined: 06 Jul 2003
Posts: 7078
Location: Central CA
| Posted: Mon Oct 20, 2008 11:57 pm Post subject: | |
| No, but I suspect he'll kill off stores a few at a time and as quietly as possible just like he's been doing at Kmart all along. I'm amazed that the first of the year closures made it into the Trib since none of those stores appear to be in the Chicago area. | |
Joined: 27 Mar 2006
Posts: 224
Location: east of the Mississippi and north of the Ohio
| Posted: Tue Oct 21, 2008 12:01 am Post subject: | |||
Nofs, kudos  to Sandra Jones (again) at the Tribune
LT |
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Joined: 08 Jul 2003
Posts: 4996
| Posted: Tue Oct 21, 2008 2:54 am Post subject: no surprises | |
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No surprises here,anyone who thought any different after the FIRST time CC eliminated fulltime experienced staff or the second totally missed the boat.
Scary part is that Sears has a couple ex CC execs at the helm now.I think that Kevin Holt guy is one of them. CC I think was also one of the last to cut back on the mail-in rebates,that's probably a reason BBY and on-line got their computer sales and other electronics. And the fracking CC execs BLEW the boom/missed the boat by exiting or de-emphasizing the appliance business around the new millenium.Oh yeah,the 'value/extended warranty' buying customer is really paying off now knocking doors down to come in buy. Again remember Sears has a couple of these ex CC exec clowns supposedly in charge. |
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Joined: 06 Jul 2003
Posts: 7078
Location: Central CA
| Posted: Tue Oct 21, 2008 4:31 am Post subject: | |||||
Agreed 100%. That lady has had it nailed for a while now. I'm just surprised Freely didn't pull the old refuse to comment routine again. |
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Joined: 04 Jul 2003
Posts: 2205
Location: A little bit sideways!
| Posted: Tue Oct 21, 2008 4:59 am Post subject: | |||
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Good pull LT.
DR, Holt was the f**k at Meijer, Inc. http://www.portfolio.com/resources/executive-profiles/Kevin-R-Holt-2348978
~GoodFella |
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Joined: 10 Jan 2006
Posts: 382
Location: Was Somewhere in FL, Now In IL
| Posted: Tue Oct 21, 2008 11:24 am Post subject: | |
| What bothers me the most when they do these store closings and firings, is that the CEO is NEVER asked to let go his earnings to see what it's like to be left in the dark. | |
Joined: 08 Jul 2003
Posts: 4996
| Posted: Wed Oct 22, 2008 4:15 pm Post subject: double trouble | |
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Thank You Goodfella,Outstanding memory!
Here are the ex Circut City execs I was thinking about http://chicagobusiness.com/cgi-bin/news.pl?id=28743 .These 2 are in charge of hardlines which sell the pas which is feeding the same addiction;the extended warranty addiction that is driving CC down/alienating customers. |
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