Circuit City. . .are they even TRYING to be a business anymore?

Spoudazo said: "Even at $7 and change CC seems to be too expensive. Execs clearing out and moving to other companies. You call their stores, and you can't even get anyone on the phone. You go to their stores, the majority of their workers (that I have met) seem to be not up to par with even McDonald employees, etc. . . . [url]http://biz.yahoo.com/prnews/071106/netu062.html?.v=31[/url] [quote]Circuit City Stores, Inc. today announced that David L. Mathews, executive vice president, merchandising, services and marketing, has informed the company of his plans to become president of Orchard Brands, a holding company owned by private equity firm Golden Gate Capital.[/quote]"

lil dickie said: "There were two Circuit City stores in my neighborhood. They both closed. I think Best Buy is killing them."

AlfredSokol said: "Compusa closed where I'm at too. These big chains aren't hitting as hard as they used to."

Rbreb13 said: "[QUOTE=AlfredSokol]Compusa closed where I'm at too. These big chains aren't hitting as hard as they used to.[/QUOTE]Too many superior deals on the net if you're willing to wait a few days for shipping. I know peeps are using Best Buy and the like to look at the products, then they go home, find what they like on the net and pay a dab in shipping instead of a ton in sales tax."

AlfredSokol said: "That's why you have to go long Internet and short retail."

crankitdb711 said: "We all know CC is screwed, but is BBY screwed because CC is (ie, will the stock be influenced by CC's bad earnings) or will BBY snap up CC's share and sales?"

Harry said: "In north Jersey there is a huge concentration of electronic stores. PC Richards offers the best deals if you are a little savy. My brother-in-law just purchased a big screen LCD HDTV from them. He saw it in the paper for $200 less a week later at CC and called PC Richards. PC Richards paid him back the difference. Interestingly the PC Richards' guy says that most people don't bother looking for lower prices after their purchase. Best Buy is okay but their return policies suck. Sam's Club, Costco, or BJ's have better return polcies than Best Buy."

newinvestor123 said: "[QUOTE=AlfredSokol]That's why you have to go long Internet and short retail.[/QUOTE] Yep. Until internet purchases are taxed at the same rate as those made at hard stores, internet businesses are going to continue to have a huge advantage - And even if internet purchases become subject to taxes, internet retailers (e-tailers?) will still have a cost advantage in that they only need a warehouse to operate, whereas traditional retailers need a hard store and all the costs that come with it. FYI, with the exception of some clearance specials, you can ALWAYS find EVERYTHING cheaper on the internet."