In the land of the press release, all news isn’t good news–it’s fantastic news. Every product is revolutionary. Each corporate merger is historic. Even layoffs are masterstrokes that will turn around troubled companies. When the stuff announced in press releases hits the real world, the results can be surprising, disappointing, and occasionally catastrophic. Yet the [...]
Continue reading...Monday, May 25, 2009
Thought you heard the last of Circuit City? Think again. Systemax completed the acquisition of the rights to the name on May 19, and relaunched circuitcity.com over the holiday weekend. Old customers will begin receive e-mails from the new owners beginning June 9, although they are being given until that time to choose to opt out. All [...]
Continue reading...Wednesday, April 15, 2009
My taxes? Filed. Whew! You? More about Zune HD. Maybe. eBay: we’re spinning off Skype. Net neutrality? Now now, please! Amazon.com: a third of e-commerce. AT&T wants more iPhone exclusivity. Microsoft patches up Office holes. Philips: Two dimensions are enough. I’m afraid to use ATMs. Miss Circuit City? Just wait.
Continue reading...Thursday, March 26, 2009
Old computer products, like old soldiers, never die. They stay on the market–even though they haven’t been updated in eons. Or their names get slapped on new products–available only outside the U.S. Or obsessive fans refuse to accept that they’re obsolete–long after the rest of the world has moved on. For this story–which I hereby dedicate [...]
Continue reading...Saturday, March 7, 2009
For Circuit City, it passed for good news: On Friday, a press release trumpeted the “record shopper turnout” at the failed retailer’s going-out-of-business sale and said that the liquidation proceedings were ahead of schedule. All U.S. stores are therefore closing forever as of tomorrow. And so I made what will almost certainly be my last [...]
Continue reading...Friday, March 6, 2009
All remaining Circuit City stores still open will shut down on March 8, the company said on Friday. While a few stores blew through inventory rather quickly, some still have a decent amount remaining (including mine, which had a lot of TVs and computers left). Liquidators originally planned to shut everything down by the end [...]
Continue reading...Monday, March 2, 2009
Liquidation: It’s an ugly word for the ugly process of shutting down a retailer by selling off stuff little by little until there’s nothing left that anyone’s going to buy at any price. And my most recent visit to my local branch of the soon-to-be-defunct Circuit City in the Bay Area was…ugly. Literally. The place, [...]
Continue reading...Friday, February 20, 2009
These are strange times for the retailing of computers and other technology products. Some of the most venerable and best-known names in the business are going out of business, or severely contracting: Sixty-year-old Circuit City is much of the way through the liquidation sale that will end with the closure of all its U.S. stores, [...]
Continue reading...Sunday, January 18, 2009
They’re the grim reapers of failing retail chains, except they brandish going-out-of-business signs instead of scythes. And they were surrounding the Circuit City a couple of miles from my house today, which, like the rest of the company’s 500+ U.S. stores, is liqidating its stock as the company goes out of business. When I drove [...]
Continue reading...Friday, January 16, 2009
It’s hardly surprising, but now it’s official: Troubled consumer-electronics merchant Circuit City has failed to find a buyer and will therefore be liquidating all its stores. It’s lousy news for its more than 30,000 employees, its stockholders, and anyone who was a fan of the chain, which started with a single store six decades ago. Even [...]
Continue reading...Thursday, December 25, 2008
I’m not ashamed to admit that I’m kind of addicted to watching old TV commercials on YouTube. Especially ones involving computers and electronics. And today, I have an excuse to share a bunch of them with you, in no particular order. 1. Mattel Electronics, early 1980s. Hal “Otis the Town Drunk” Smith plays a Santa who [...]
Continue reading...Tuesday, November 18, 2008
Okay I’ll admit out of all the retailers that we’ve profiled so far for Black Friday, I was looking forward to Circuit City’s offerings the most. This is a company that is in some serious, serious trouble. As Harry has covered so well over the past few weeks, the major electronics retailer has filed for bankruptcy, [...]
Continue reading...Monday, November 10, 2008
Today’s news that Circuit City, American’s second-largest electronics retailer, has filed for bankruptcy left me sad. And, oddly enough, nostalgic. The City isn’t going out of business, but as I reflected on its woes I thought about all the electronics chains I’ve shopped at over the years–the vast majority of which are no longer with [...]
Continue reading...Monday, November 10, 2008
A week ago, the bad news about Circuit City was that it was closing 115 of its locations. New week, new bad news: The company has filed for Chapter 11 voluntary bankruptcy, a move that will will let it continue business without having to pay all its creditors all the money it owes them. Bankruptcies aren’t [...]
Continue reading...Monday, November 3, 2008
Engadget is reporting a rumor that that the venerable Circuit City chain is planning to shut down 155 of its stores, which would amount to about a quarter of its locations. If true, this is sad news for the folks employed at those outlets, not to mention the ones who like to shop at them. [...]
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Tuesday, August 18, 2009
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