Quickdraw

Circuit City: Closing Time

Finally ... the trapdoor has sprung. Unfortunate for the 30,000 employees, but healthy for the marketplace. The company who became the poster child for 'the wrong way to do business' is validating our faith in Darwin's Theory, as it might pertain to retail.

This story is less about the economy, than it is about Circuit's own shortcomings. I am certain we will all hear about "the good employees who lost their jobs, through no fault of their own" ... history will record Circuit's epitaph very simply. When you sell products that can all be bought elsewhere at the same price, and you suck at virtually every aspect of operations and customer service, then you hang.

Red Friday: Coming to a Mall Near You

To billdrummer

Amen ... as I've said elsewhere, you should be in a good place.

Red Friday: Coming to a Mall Near You

The impact of Circuit City's demise will affect more than just the recently suggested 150 locations. Rumor has it, that Sony is the first of Circuit City's nervous vendors to pull the plug. On Thursday, all Sony trucks destined for CC were told to turn around, and return to Sony with their loads. With such a dominant supplier making that decision, all others will quickly do likewise.

The Red Friday fire sale will be happening at many hundreds of retail shopping areas, all over the U.S. and Canada.