Short Circuit
By | Monday, January 19th, 2009 | Policy

After 60 years, Richmond based Circuit City is closing their doors for good. In a day and age when you can get comparable electronics, DVDs, etc at Wal-Mart and Amazon.com, there is probably only so much room for the Circuit City/Best Buy-like stores. Of course I’m not happy about 34,000 jobs lost in the liquidation but I am relieved another bailout was not discussed, probably because Circuit City is not “too large to fail”. Which begs the question, what retailers are too large to fail?


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About the author

Amit Singh

I'm left handed but right brained.

Comments

5 Responses to "Short Circuit"
  1. PWConservative January 19, 2009 01:43 am

    Circuit City had horrible customer service policy’s, I haven’t been there in years and I don’t mention them.

  2. Brian Kirwin January 19, 2009 07:20 am

    I went to their “liquidation sale” with everything 10-20% off, and even with the discounts, their prices are above market.

    And fellow shoppers weren’t duped. A lot of empty hands walking through the exits, and most buying were just grabbing DVDs.

  3. LittleDavid January 19, 2009 08:46 am

    What concerns me is that a consumer option I enjoy may soon no longer be available.

    I am dependent on my laptop in my occupation. If my laptop craps out, I appreciate the ability to go into a bricks and mortar outlet to immediately obtain a new one. First CompUSA closed up and now Circuit City. Best Buy remains, however I am aware that it was only a few years ago Best Buy was also embroiled in financial problems.

  4. Amit January 19, 2009 09:03 am

    LD, it is my understanding that Firedog (the 3rd party services company) will continue to exist probably in another brick and mortar establishment (maybe Staples or Office Depot).

    Kirwin, agree with the crappy prices. I saw nothing at a bargain price and walked out empty handed as well.

    PWC, not sure what their customer service policies were but looks like the free market got the best of them.

  5. PC January 19, 2009 11:52 am

    What retailers are too big to fail? Guess it depends on the size and scope.

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