Comments on: How Circuit City can save itself from total collapse http://thomaskeeley.com/2008/11/how-circuit-city-can-save-itself-from-total-collapse/ Covering business, nonprofits, technology, and everything in between Sun, 01 Aug 2010 02:14:24 +0000 http://wordpress.org/?v=2.6.2 By: Thomas Keeley http://thomaskeeley.com/2008/11/how-circuit-city-can-save-itself-from-total-collapse/#comment-17 Thomas Keeley Mon, 17 Nov 2008 23:29:18 +0000 http://thomaskeeley.com/?p=71#comment-17 @FinancialFellow, great insight, thank you, I never considered the Best Buy brick and mortar angle. That would present a very interesting opportunity for Circuit City. Finally, I'm sorry that you had to suffer through Circuit City! @FinancialFellow, great insight, thank you, I never considered the Best Buy brick and mortar angle. That would present a very interesting opportunity for Circuit City.

Finally, I’m sorry that you had to suffer through Circuit City!

]]> By: Financial Fellow http://thomaskeeley.com/2008/11/how-circuit-city-can-save-itself-from-total-collapse/#comment-16 Financial Fellow Mon, 17 Nov 2008 23:07:13 +0000 http://thomaskeeley.com/?p=71#comment-16 Good read. I think it's still too late for Circuit City. I used to work for Circuit City 10 years ago. Ever since I go back in there periodically. Their stores are an absolute mess. The sales staff is way too young. Are you in high school? And the environment is closed off and depressing. Shopping at Best Buy is a much more pleasent experience. That said, you bring up an excellent point about their website. An interesting sidenote to that. If Circuit City moves to solely a website retailer Best Buy will probably stop price matching them. Most brick and mortars only price match brick and mortars... Good read. I think it’s still too late for Circuit City. I used to work for Circuit City 10 years ago. Ever since I go back in there periodically. Their stores are an absolute mess. The sales staff is way too young. Are you in high school? And the environment is closed off and depressing. Shopping at Best Buy is a much more pleasent experience.

That said, you bring up an excellent point about their website. An interesting sidenote to that. If Circuit City moves to solely a website retailer Best Buy will probably stop price matching them. Most brick and mortars only price match brick and mortars…

]]> By: Thomas Keeley http://thomaskeeley.com/2008/11/how-circuit-city-can-save-itself-from-total-collapse/#comment-14 Thomas Keeley Mon, 17 Nov 2008 21:54:27 +0000 http://thomaskeeley.com/?p=71#comment-14 @ Matt Simmons, I definitely agree, which is why I said that they should just reduce the number stores that they keep open, and devote more focus to their website. Where I live, there are two CC's within two miles of each other, which is just excessive. The way I look at it, if they capitalize on their online opportunities and strategically position their physical locations, I think that would create an excellent environment for them to rebuild. @ Matt Simmons, I definitely agree, which is why I said that they should just reduce the number stores that they keep open, and devote more focus to their website. Where I live, there are two CC’s within two miles of each other, which is just excessive.

The way I look at it, if they capitalize on their online opportunities and strategically position their physical locations, I think that would create an excellent environment for them to rebuild.

]]> By: sky news online | Digg hot tags http://thomaskeeley.com/2008/11/how-circuit-city-can-save-itself-from-total-collapse/#comment-13 sky news online | Digg hot tags Mon, 17 Nov 2008 21:06:18 +0000 http://thomaskeeley.com/?p=71#comment-13 [...] Vote How Circuit City can save itself from total collapse [...] [...] Vote How Circuit City can save itself from total collapse [...]

]]> By: Matt Simmons http://thomaskeeley.com/2008/11/how-circuit-city-can-save-itself-from-total-collapse/#comment-12 Matt Simmons Mon, 17 Nov 2008 19:59:58 +0000 http://thomaskeeley.com/?p=71#comment-12 So following the logical progression, it sounds like CC should fully concentrate on decreasing expenditures in the physical space where they lose money and concentrate on increasing profits (through competitive price matching and increasing traffic) online. The only problem that I see here is that most people that I know who buy electronics still want to see the device before it's purchased. I know of two exceptions, one of which is my mother, who is addicted to QVC, and my friend Mike, who buys a few thousand dollars worth of merchandise online every quarter, and sends 75% of it back because he doesn't like it. Everyone else that I know learns about products online, goes to the store to physically look at it, then price shops online. Maybe it would be in CC's best interest to meld the two. Distributed warehouses, ala Amazon, but maintain a showroom type presence where people can "try out" the big ticket merchandise. So following the logical progression, it sounds like CC should fully concentrate on decreasing expenditures in the physical space where they lose money and concentrate on increasing profits (through competitive price matching and increasing traffic) online.

The only problem that I see here is that most people that I know who buy electronics still want to see the device before it’s purchased. I know of two exceptions, one of which is my mother, who is addicted to QVC, and my friend Mike, who buys a few thousand dollars worth of merchandise online every quarter, and sends 75% of it back because he doesn’t like it. Everyone else that I know learns about products online, goes to the store to physically look at it, then price shops online.

Maybe it would be in CC’s best interest to meld the two. Distributed warehouses, ala Amazon, but maintain a showroom type presence where people can “try out” the big ticket merchandise.

]]> By: How Circuit City can save itself from total collapse · Stocks-Trading.ExplainedOnline.Net http://thomaskeeley.com/2008/11/how-circuit-city-can-save-itself-from-total-collapse/#comment-11 How Circuit City can save itself from total collapse · Stocks-Trading.ExplainedOnline.Net Mon, 17 Nov 2008 19:58:56 +0000 http://thomaskeeley.com/?p=71#comment-11 [...] Original post by Thomas Keeley Covering business, nonprofits, technology, and everything in between [...] [...] Original post by Thomas Keeley Covering business, nonprofits, technology, and everything in between [...]

]]> By: How Circuit City can save itself from total collapse · Stocks.ExplainedOnline.Net http://thomaskeeley.com/2008/11/how-circuit-city-can-save-itself-from-total-collapse/#comment-10 How Circuit City can save itself from total collapse · Stocks.ExplainedOnline.Net Mon, 17 Nov 2008 19:51:38 +0000 http://thomaskeeley.com/?p=71#comment-10 [...] Original post by Thomas Keeley Covering business, nonprofits, technology, and everything in between [...] [...] Original post by Thomas Keeley Covering business, nonprofits, technology, and everything in between [...]

]]> By: How Circuit City can save itself from total collapse · Stocks101.ExplainedOnline.Net http://thomaskeeley.com/2008/11/how-circuit-city-can-save-itself-from-total-collapse/#comment-9 How Circuit City can save itself from total collapse · Stocks101.ExplainedOnline.Net Mon, 17 Nov 2008 19:44:33 +0000 http://thomaskeeley.com/?p=71#comment-9 [...] Original post by Thomas Keeley Covering business, nonprofits, technology, and everything in between [...] [...] Original post by Thomas Keeley Covering business, nonprofits, technology, and everything in between [...]

]]> By: » How Circuit City can save itself from total collapse http://thomaskeeley.com/2008/11/how-circuit-city-can-save-itself-from-total-collapse/#comment-8 » How Circuit City can save itself from total collapse Mon, 17 Nov 2008 19:33:00 +0000 http://thomaskeeley.com/?p=71#comment-8 [...] Singapore Loans wrote an interesting post today onHere’s a quick excerpt I’m sure you’ve heard by now that Circuit City has finally come to the realization that their current model is unsustainable, and are now reorganizing under Chapter 11. Yes, Circuit City is bankrupt. I’ve heard some suggest that Circuit City could be the next Tweeter and fade into oblivian, however after thinking about this for awhile, I think that there is a chance that they may be able to position themselves to be a profitable publicly traded company (note: Circuit City is now trading under [...] [...] Singapore Loans wrote an interesting post today onHere’s a quick excerpt I’m sure you’ve heard by now that Circuit City has finally come to the realization that their current model is unsustainable, and are now reorganizing under Chapter 11. Yes, Circuit City is bankrupt. I’ve heard some suggest that Circuit City could be the next Tweeter and fade into oblivian, however after thinking about this for awhile, I think that there is a chance that they may be able to position themselves to be a profitable publicly traded company (note: Circuit City is now trading under [...]

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