This article hit the target about the once Big Dog of electronics.If only the public knew how a Circuit City Store was really operated they the customers would have stopped shopping there before the associate cut backs.I'm not here to bash Circuit City but their business plans would change weekly if not each day.I know retail must change but at times even the best managers started waving the white flag.I knew of a $12 million dollar store that did $230,000 on black firday best black friday in ten years,only to find out the next day that store lost over 10,000 dollars in profit.Since managers are paid a bonus on PMI (Profit Margin) you knew December was going to be a total loss.The buying was done it was like watching a ship sink a month ahead of time all the time knowing there was know life raft.
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This article hit the target about the once Big Dog of electronics.If only the public knew how a Circuit City Store was really operated they the customers would have stopped shopping there before the associate cut backs.I'm not here to bash Circuit City but their business plans would change weekly if not each day.I know retail must change but at times even the best managers started waving the white flag.I knew of a $12 million dollar store that did $230,000 on black firday best black friday in ten years,only to find out the next day that store lost over 10,000 dollars in profit.Since managers are paid a bonus on PMI (Profit Margin) you knew December was going to be a total loss.The buying was done it was like watching a ship sink a month ahead of time all the time knowing there was know life raft.
May 05 18:42 pm
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All Comments by Hands3 »Circuit City: Simply Appalling [View article]