Circuit City R.I.P. yippee!
Just got word that electronics retailer Circuit City has filed for Chapter 11.
I would like to mourn their passing but I won’t. Circuit City well deserves their “once was” status due to their medieval labor practices and half assed business strategies (remember DIVX pay per view DVD players?).
I predicted this earlier this year so I am happy to say I told you so.
November 10th, 2008 at 9:43 pm
The pay per view DVDs puzzled me.
Fewer competitors hurt consumers, though.
November 11th, 2008 at 8:11 am
True, however, Chapter 11 may give them a chance to clean house and bring in visionary leadership, much like what is happening in Washington right now.
Circuit City has a sad history of short-sighted thinking that led to such disasters as the DIVX system.
In consumer electronics new competitors always seem to rise every few years.