Ahhh, Circuit City. Where service is state of the art! The chain of electronics retailers -- currently liquidating at a furious rate -- will be all but defunct as of Sunday, March 8. The "bulk" of the stores still left open are targeting this as their last day.Although the chain very nearly ruined one of my favorite songs (The Cars' "Just What I Needed") by employing it as their jingle, I have a soft spot in my heart for the red-themed Big Box location. I frequented it long before Best Buy Co., Inc. (NYSE: BBY) was in my world, I bought my first laptop there, and it was my CD shopping destination of choice in the late 1990s. Thank you, Circuit City employees, for never laughing at my purchase of the latest from NSYNC, the Backstreet Boys, Mandy Moore, or others.
So, for the remaining few days, you can traipse through the skeletal shelves of your neighborhood Circuit City, reflecting on times past, scooping up a copy of American Pie for six bucks, or hoping that big-ticket item is still waiting for you at 70% off. Many stores are even selling their industrial shelving equipment. After all, everything must go.
Meanwhile, Best Buy stands alone, but does it matter? Last week, Brian White asked whether Best Buy will surge to renewed prominence with its last true competitor in the dust, or if it will continue to suffer at the hands of Amazon.com, Inc. (NASDAQ: AMZN) and Wal-Mart Stores, Inc. (NYSE: WMT).
Beth Gaston Moon works for WeSeed.com, "The stock market for the rest of us." The above comments are not intended as trading or investment advice.
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Reader Comments (Page 1 of 1)
3-02-2009 @ 7:01PM
jason said...
I will be glad when Circuitcrook city goes belly up with all their greed and cheating.They didnt have any deals all they did was jack up the prices and pretended they were bargains. They even brought junk non-working electronics from other places and sold it to my friends left them high and dry as well no warrenty grrr, reason the went out is because Best Buy is the best always was. goodbye crooks hope your brains all rot in your greed duh!!
3-02-2009 @ 7:02PM
jason said...
Goodbye crooks duh !!!
3-03-2009 @ 12:20AM
Brent Schmidt said...
I bought Hole's Celebrity Skin there way back in the day. Heh...
3-02-2009 @ 8:21PM
mickey said...
I think they were destined to go belly up. They haven't really tried anything since last summer except get ready to go bankrupt.
3-02-2009 @ 8:22PM
vanmanlocal110 said...
They didn't have a sustainably business plan. They couldn't compete with Tandy ( Radio Shack )!!!
3-02-2009 @ 8:31PM
Mike said...
If they hadn't been so arrogant, they might have made it. They lost a lot of employees to RadioShack which should tell you something.
3-02-2009 @ 10:18PM
john paul said...
I'm awfully sad of their passing...btw, if anyone is still in for shopping for HDDVDs, they're all over CC now for some reason...
3-03-2009 @ 10:11AM
Carlos said...
Totally agree that for now Best Buy is the only game in town. But this are is ripe for the picking. Someone could come in and take over the consumer-electronics market and do what Best Buy does in a leaner, better, more efficient way.
In my mind, anyway