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What happened to Circuit City?
Why did Circuit City go bankrupt?
Was Circuit City a good company?
When did Circuit City close?
- CBS News
- It dumped sales of popular appliances.
- When it spun off CarMax, it let a lot of talented management go with it.
- Stores became too impersonal and too large.
- As Best Buy took off, Circuit City became merely reactive and not innovative.
Nov 24, 2021 · 1. Why did Circuit City go bankrupt? In November 2008, Circuit City filed for bankruptcy because it had no cash to pay its debt to suppliers.
- Peter Cohan
Nov 11, 2008 · The big question now is whether Circuit City will go out of business altogether. The New York Stock Exchange halted trading when the stock hit 10 cents a share (vs. about $25 for Best Buy) on...
Oct 18, 2023 · As the second-largest electronics retailer in the United States, Circuit City’s demise marked the end of an era characterized by fluorescent-lit aisles filled with cutting-edge gadgets and...
Circuit City would like to thank all of the customers who have shopped with us over the past 60 years. Unfortunately, we announced on January 16, 2009, that we are going out of business. —
Aug 26, 2020 · Instead, Circuit City implemented a 1.2-billion-dollar plan to overhaul its stores. As part of its expansion plan, it wanted to relocate its stores in more prime locations instead of remodeling...
In 2003, Circuit City finally decided to eliminate its com-missioned sales force. In one day, the company fired 3,900 of its highest-paid salespeople, with plans to replace them with 2,100 hourly associates. The move crushed employee morale and productivity.
