Tony Brewer View My view on the world, as seen from whatever vehicle I'm in!
  • Nov
    13

    Electronics store woes

    I guess I haven’t been paying as close attention to the business world as I had thought lately, or maybe the news has just been so full of the election that somehow I missed the story (or stories) about the financial woes that Circuit City was having.  I did hear that they were closing a lot of stores, but that did not surprise me too much because the economy has been so bad that I figured that a lot of businesses were going to be doing exactly that – closing down stores.  After all the consumer doesn’t have the money to buy the products, so the stores are going to be downsizing and consolidating.  So it was with quite a bit of surprise that I heard today that Circuit City is filing for bankruptcy!  I was just reading an article on the Time.com website that said that essentially that is due to poor management – using the example that their competitor (Best Buy) has been showing a profit.  So I’d have to say that the “proof is in the pudding” and that really is too bad.

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