Posted November 3, 200816 yr Circuit City closing 155 stores, including 3 in Columbus area Monday, November 3, 2008 8:55 AM RICHMOND, Va. (AP) -- Circuit City says it's closing about 20 percent of its U.S. stores in an effort to return the nation's second-largest consumer electronics retailer to profitability. The Richmond, Va.-based company said Monday it will shutter 155 of its more than 700 stores in 12 markets by Dec. 31, laying off thousands of employees. The company is closing 11 Ohio stores, including three in the Columbus area. ... http://www.dispatch.com/live/content/local_news/stories/2008/11/03/acircuit.html?sid=101
November 3, 200816 yr Those are crappy locations. People living in those areas have seen the greatest erosion of their lifestyle due to the sprawl fallout and plant closings.
November 3, 200816 yr Here is the entire list http://files.shareholder.com/downloads/CC/455502668x0x245809/2BFAC9D9-6CEF-4027-9E51-1C635F42F7A7/110308%20Store%20Closing%20List.pdf They completely left the Cleveland market. :x
November 3, 200816 yr Circuit City to close Westwood store Business Courier of Cincinnati http://cincinnati.bizjournals.com/cincinnati/stories/2008/11/03/daily5.html The struggling Circuit City consumer electronics chain will close 155 stores, including one in Cincinnati, it said Monday. The store, on Glenway Avenue in Westwood, is one of five Tri-State locations. The other four, in Florence, Oakley, Springdale and Symmes Township, will remain open. The chain is closing 11 Ohio stores in total, most in the Columbus and Cleveland areas, and three in Kentucky, with the closest in Lexington. ...
November 3, 200816 yr "They completely left the Cleveland market." Not a surprise and with HH Gregg, Best Buy, etc., it's just like the auto and banking industries - polarization between the mega-stores and the little local spots. clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
November 3, 200816 yr "They completely left the Cleveland market." Not a surprise and with HH Gregg, Best Buy, etc., it's just like the auto and banking industries - polarization between the mega-stores and the little local spots. It is a surprise for a consumer company to leave a top market. Granted, many predict CC or BB wont be around in a year. This is why having a strong retail sector in the city core is essential.
November 3, 200816 yr Circuit City is a far better electronic retailer than Best Buy or HH Gregg. They desperately need to update their stores and find better locations. Doing this would save them from extinction.
November 3, 200816 yr Buying patterns are changing. In this economy, people are spending $$$ on what they actually need rather than what they may want. That's hurting a lot of retailers of consumer electronics and appliances especially.
November 3, 200816 yr Buying patterns are changing. In this economy, people are spending $$$ on what they actually need rather than what they may want. That's hurting a lot of retailers of consumer electronics and appliances especially. a lot of industries are being hit. Once the banks went under Luxury homes sales Luxury shopping/designer wear Travel in general Entertainment Dining out Auto Sales in general Elective surgery All suffered. Why? Because those are things you "want"/"want to do" but are not necessities.
November 3, 200816 yr Circuit City is a far better electronic retailer than Best Buy or HH Gregg. They desperately need to update their stores and find better locations. Doing this would save them from extinction. They also need to improve customer service. The Glenway Avenue location in Cincy was horrible.
November 3, 200816 yr The biggest losses are in the exurbs of California and Arizona (and to a lesser extent to the Rust Belt - Chicago got hit pretty hard too). Crutchfield is the best for electronics if a little expensive.
November 3, 200816 yr The Westwood Circuit City is closing? Wow, how did this not happen years ago? Talk about a terrible, terrible store. Hopefully something nice will come through and redevelop that entire area.
November 4, 200816 yr Circuit City is a far better electronic retailer than Best Buy or HH Gregg. Are you serious? Maybe HH Gregg, but Best Buy has had Circuit City beat in service, cleanliness, selection, and availability every time I've compared a product between the two and when I worked for each one separately.
November 4, 200816 yr Circuit city has such an usual store layout. I've never quite thought it was "right." I don't really know how to explain it.
November 4, 200816 yr I think those stores purposely make you feel disoriented so you'll end up looking at more stuff than you intended to.
November 10, 200816 yr http://columbus.bizjournals.com/columbus/stories/2008/11/10/daily2.html Monday, November 10, 2008 - 9:21 AM EST Circuit City files Chapter 11 Business First of Columbus Circuit City Stores Inc., one of the nation’s largest electronics retailers, has filed for Chapter 11 bankruptcy protection a week after it said it would shut about 20 percent of its stores amid slumping sales. The Richmond, Va.-based retailer Monday morning filed reorganization papers with U.S. Bankruptcy Court in its hometown, listing $3.4 billion in assets and $2.3 billion in liabilities. ...
November 10, 200816 yr I'll be surprised if they last past president's day! Time to buy that 50"....heeeeeeeyyyy!
January 16, 200916 yr Party's OVER!!!! Talks fail, Circuit City to liquidate Business Courier of Cincinnati Circuit City Stores Inc. will close its 567 stores and liquidate the merchandise after talks to buy the chain fell through, the company said Friday. The retailer of consumer electronics said last week that it was negotiating a sale with two prospective buyers, and was "optimistic" that a deal would be completed. ...
January 16, 200916 yr I smell sales!!! Crappy sales, where the merchandise isn't marked down that much more than a normal sale, you have absolutely no return privileges or store warranty, no one will give you any buying advice, and you feel like you're walking around in a morgue. "Authorized liquidations" and going out of business sales conducted by outside marketing companies are cattle calls for consumers and big wastes of time, IMO. Never again.
January 16, 200916 yr I smell sales!!! Crappy sales, where the merchandise isn't marked down that much more than a normal sale, you have absolutely no return privileges or store warranty, no one will give you any buying advice, and you feel like you're walking around in a morgue. "Authorized liquidations" and going out of business sales conducted by outside marketing companies are cattle calls for consumers and big wastes of time, IMO. Never again. I don't plan on returning anything anyway. I'm out for me. Besides, if there is a problem, AMEX will take care of it.
January 17, 200916 yr I smell sales!!! Crappy sales, where the merchandise isn't marked down that much more than a normal sale, you have absolutely no return privileges or store warranty, no one will give you any buying advice, and you feel like you're walking around in a morgue. "Authorized liquidations" and going out of business sales conducted by outside marketing companies are cattle calls for consumers and big wastes of time, IMO. Never again. ^Ahahaha, when KB Toys was "clearancing" all their video games as part of their closure, they just marked them at GameStop's price. 40% off my ass!
January 17, 200916 yr I smell sales!!! Crappy sales, where the merchandise isn't marked down that much more than a normal sale, you have absolutely no return privileges or store warranty, no one will give you any buying advice, and you feel like you're walking around in a morgue. "Authorized liquidations" and going out of business sales conducted by outside marketing companies are cattle calls for consumers and big wastes of time, IMO. Never again. ^Ahahaha, when KB Toys was "clearancing" all their video games as part of their closure, they just marked them at GameStop's price. 40% off my ass! That's exactly the same experience I've had. Plus you feel like you're in an airport passenger screening with all the visible security. Plus, you can't return DOA merchandise.
January 18, 200916 yr On another note, the Circuit City store in Westwood was one of the first buildings to be built over the former C&O right of way. The C&O line was abandoned in the 1980's by the owner, CSX. Several studies recommened securing of the right-of-way for transit. In fact, CSX offered the property to the City of Cincinnati, who declined the offer. The right-of-way was broken and sold to developers. Circuit City is clearly right in the middle of the former right-of-way; in fact, it is practically under a bridge. Maybe the odd side led to the odd store design and weird location? Anyway, Circult City has become the poster child for preservation of railroad right of way. How ironic that it only lasted about 15 years!
January 18, 200916 yr I wonder if this will help independent retailers (what's left). I do feel bad for all the employees that will be laid off though. No one wants that. And while I could give a crap about the big boxes out in the suburbs, circuit city operated quite a few great urban stores. My favorites were the one just off the 3rd Street Promenade in Santa Monica that was like 3 or 4 floors, and the one in the old renovated factory building on Chicago's North Ave. Great buildings now empty. However, Never liked the layout or presentation of product at circuit city. The checkout area was confusing, poor lighting, layout was hardly logical. Best Buy really had it nailed down in all areas. Circuit city was really going the route of CompUSA. They needed to update and be more like their competitors...err...competitor.. It really must be a Minneapolis thing. Both Best Buy and Target seem to follow similar models, providing discount products in a seemingly 'upscale' setting.' I just hope Best Buy doesn't become too arrogant. Now becoming the only national retailer of electronics, I hope they can take this opportunity to up their service even more. I'll admit, I've gotten pretty good help with the geek squad and they've bailed some of my friends out of very difficult technical predicaments. Their salespeople have also been pretty knowledgeable. I'm sure people here will say the opposite, but considering their the last giant retailer standing, it makes complete sense.
January 18, 200916 yr I've only been in a Circuit City store once, with my aunt to buy a new television. The salesperson knew nothing about the television sets he was selling, but once my aunt made her selection, he sure pushed the extended warranty, which she declined on my advice. Extended warranties on electronics usually are a poor way to spend money; if the stuff doesn't fail within the manufacturer's warranty, usually a year, it probably will outlive the extended warranty. Let's reclaim the land! (One can hope.) Big-box store buildings are often crap. It's not likely that there are new tenants lined up, and after a couple of years with no heat/no maintenance it'll be vandalized and in such bad shape that code enforcement can condemn it. The city can order it razed as a public hazard, and probably take possession of the property to settle unpaid taxes. I just hope Best Buy doesn't become too arrogant. Now becoming the only national retailer of electronics, I hope they can take this opportunity to up their service even more. I'll admit, I've gotten pretty good help with the geek squad and they've bailed some of my friends out of very difficult technical predicaments. Their salespeople have also been pretty knowledgeable. I'm sure people here will say the opposite, but considering their the last giant retailer standing, it makes complete sense. My only beef with Best Buy is when I walk in and the store is reverberating from the subwoofers in the car audio department. I despise that attention-seeking crap because I have to put up with it passing my house and rattling the dishes, and when I'm around it in that intensity in the stores, it physically makes me want to run. I can buy electronics on-line, disc media at Staples across the road from Best Buy, and appliances at Lowe's, next door to Staples. I don't really need Best Buy. I should email or write their customer service and tell them why, but the amount of money that people my age would spend there is insignificant compared with what the whippersnappers spend on toys designed to annoy us. Best Buy could follow Circuit City down the hopper, and I wouldn't shed many tears. We had a couple of very capable local electronics stores with good customer service, before those guys came to town and ran them out of business.
January 18, 200916 yr I can buy electronics on-line, disc media at Staples across the road from Best Buy, and appliances at Lowe's, next door to Staples. I don't really need Best Buy. I should email or write their customer service and tell them why, but the amount of money that people my age would spend there is insignificant compared with what the whippersnappers spend on toys designed to annoy us. Like Ipods and Hi Def TV's?
January 18, 200916 yr I love circuit city - big box thing aside. I like them better than Best Buy. I needed my rockford fosgate head unit installed and went to best buy and they made me come first thing in the morning and there was a line out the door when I got there. By the time I got inside they said they had too many people to service for the day, that I would have to come back the next day. After I drove 10 miles to get there. So I went to circuit city right across the street and there was no line, the guy found out the problem was a bad fuse and he replaced it for free.
January 19, 200916 yr Like Ipods and Hi Def TV's? I don't need all that newfangled stuff. My 78's and my crank-up Victrola are plenty good enough for me. :whip: :wink:
January 19, 200916 yr My brother was a Circuit City guy (quit a while ago). They screwed the pooch when they fired all their quality sales folks a couple years ago. It will be curious to see how the retail sectors changes over the next decade.
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