Circuit City on the brink of going under

Discussion in 'Economy' started by bigbroodmaster, Nov 3, 2008.

  1. bigbroodmaster
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    bigbroodmaster Member

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  2. Care4all
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    Care4all Warrior Princess Supporting Member

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    can you sayyyy

    42 inch flat screen. here i come! :)

    seriously though, didn't they get rid of their experienced commissioned based sales people to save money a while back?
     
  3. bigbroodmaster
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    bigbroodmaster Member

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    Oh yeah. That's usually the first sign of a business failure. Purge the higher paid people, then axe your way down.
     
  4. MalibuMan
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    MalibuMan Member

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    It is all Bush's fault.
     
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  5. editec
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    editec Mr. Forgot-it-All

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    The business model for retail is changing.

    Technology has migrated from something exotic where you want a knowledgeable sales person to help you to nothing more than a commodity.

    Internet sales are killing retail, too.

    Brick and mortar businesses are damned expensive.
     
  6. Againsheila
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    Againsheila Gold Member

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    Sears used to be one of the best stores in the country. Back then they had an employe stock plan. One of my mother's friends went to work for Sears right out of highschool and when he retired, he had a very high income. Nowadays, sears only hires part-time help. If you stay too long and they have to give you a raise, they find ways to make you quit. As a consequence, Sears is losing loyal customers, so because they lose sales, they redesign their store every couple of years to bring in new customers, but those customers get upset with the employees that don't know anything either.

    Truth is, if Sears went back to being loyal to their employees, their employees would be loyal to the store and they'd bring in more customers and more sales. Customers would be better satisfied because the employees would know what they were doing and their reputation would again improve, bt of course, Sears would rather hire minimum wage workers part time and save on employee pay and benefits. The CEO has never worked a real job before in his life and has no idea that being good to the workers translates into being good to the customers.
     
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  7. KMAN
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    KMAN Senior Member

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    Obama will save them!
     
  8. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    I'm preferential to Best Buy myself.
     
  9. glockmail
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    glockmail BANNED

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    I remember when Sears used to be the only place to buy certain things, like quality hand and automotive tools. Their strategy of sale pricing and their employee attitudes put forth a "screw the customer" attitude.
     
  10. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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