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BayMan
4 Comments
Circuit City: Simply Appalling [view article]
In re Peter Drucker's famous quote 'The purpose of business is to create a customer', CC does create a customer albeit in a different fashion. Get a load of this -- place an order on the CC website for an in-store pick-up, visit the store but you know what you return with a free $25 gift card in lieu of your product you ordered. Why? The product you ordered is not carried at the store. How's that for customer creation and retention! So much for Phil's vision-less and mindless implementation of new Point of Sale System and Oracle Retail products! Millions and millions of dollars invested in these new 'transformation' retail systems have gone down the drain. Public ought to know it is not just the massive lay-off of CC front-store associates that has contributed to CC's becoming a 'has-been'. May 03 07:05 AMLet the Schoonover Reign Death Watch Begin! [view article]
Ditto to comments of Circuitvol. Fancy Schoonover starting another retail chain with his settlement money to take on Best Buy. Or, would he go back to Best buy and make it Worst Buy? Apr 12 11:04 AMIs Circuit City Being Sold Soon? [view article]
CC shares will not rise to the level it was one year back, thanks to Phil's short-sighted strategies and current gloomy economic situation. CC is a sinking ship, looking for a port in a storm. Apparently, Phil is not 'sold' on this since he continues to believe CC has enough cash reserves to tide over the 'transformation' stumbling blocks. Alas, vested interests may not be able to take Phil's professed beliefs at 'face' value. Mar 30 06:05 PMActivists Push Circuit City Towards Much Needed 'Brand Rehab' [view article]
A great retail brand removed from S&P Index. What a sorry state of affairs brought about by Phil. Phils' short-sighted efforts have short circuited CC. Firing of 3500 experienced and knowledgeable front-line staff and a wide chasm between marketing strategies and technological hurdles have done more damage than good.CC needs a new lease of life sans Phil. And no mistake! Mar 30 04:22 PM