RSS available
| MarketTicker Forums Read Message in NotSoBreaking |
User: Not logged on
|
| Top | Forum Top | Login | Control Panel | FAQ | Register | Logout |
| Showing Page 1 of 2 | First | 1 | 2 | Last |
| User Info | Curcuit City decides to commit suicide in forum [NotSoBreaking] | |||
|
Agentx73 Posts: 113 Incept: 2008-01-23 Colorado 
|
http://www.chicagotribune.com/business/y.... "The nation's second-largest consumer electronics retailer, behind Best Buy Co., plans to open 50 to 60 stores in the coming months in a new, smaller format that it calls the City. They'll be staffed with Generation Y employees carrying computer tablets to look up stats on any product in the company. Shelves have been cleared of merchandise with ho-hum sales to focus on blockbuster sellers. Computers, cameras and video games are all hooked up and ready for hands-on testing. The staff recites such mottoes as "Keep it real" and holds twice-daily rituals of "shameless self-recognition." Wow, that sounds like a winning business model I want in on. I really want to go to a store with a ****ty selection so some clueless teenage dickbag can sell me a TV while "keeping it real." Who comes up with this ****?
2008-02-18 11:06:14
Permalink | |||
|
Boarder Posts: 1008 Incept: 2007-09-11 London, Iceland2
|
Is someone at circuit city watching too many episodes of "The Office" for ideas?
---------- The world will look up and shout "Save us" and I'll whisper "No!".
2008-02-18 11:14:05
Permalink | |||
|
Leraconteur Posts: 7189 Incept: 2007-12-03 
|
Looks like a Bubble Business Model thought up in good times.
2008-02-18 11:18:28
Permalink | |||
|
Wollybugger Posts: 225 Incept: 2007-11-11 
NYC
|
Hell, they had to do something. I go there every month or so and can't believe the wasted space/broken floor models/lackadaisical staff. Really a crummy store.
---------- Hey, everyone! We're all gonna get laid! -Al Czervik
2008-02-18 11:25:41
Permalink | |||
|
Niko Posts: 2261 Incept: 2007-12-17 Bangkok
|
I can imagine what it'll be like to walk through the doors if this delightful retailing experience. "Mnnggh.. Mnghggh. like... welcome to Cirkut Citaaaayy! Fa rizzallll! <sniff> (grabs crotch and swings arm like a chimp) "wE iz antapanooahs, namsayin? We got a l'il sumpin sumpin goin on, namsayin? Sheeeeeiiitt. So don't be disrespektin! Don't be play hatin! That **** is old. My **** is solid gold. We be kickin it, one time. Don't hate a playa, yo, hate tha game, namsyin? Sheeiiit. We're keepin it real. Sheeeitt..." <sniff> (limps off to Kim in accounting) I do hope they hire Denis Leary for the TV spots. "Welcome to Circuit City. Now pull your ****IN' PANTS UP!!!" ---------- --------------------- What begins as a Kafkaesque ordeal, will soon turn into an Orwellian nightmare, before unexpectedly becoming a Judy Blume-ish disaster.
2008-02-18 11:34:20
Permalink | |||
|
Dogfarm Posts: 1212 Incept: 2007-11-29
|
What do you expect from a store that fires its best and most senior performing sales staff and then attempts to "rehire" them back and pay them 20% less. If I can't find something on CraigsList or eBay THEN I go to Best Buy. Otherwise, I'll leave Circuit City for the Sheeple to shop there. Besides, CC, does have an especially horrid selection. I hope they lose their ass.
2008-02-18 11:37:42
Permalink | |||
|
Drchaos Posts: 1646 Incept: 2007-09-03 sandy eggo, kallyfornyia
|
I think they have Apple Store envy. Except they're clueless. They think that hiring "slackers" like on TV with lots of demos is going to work. In reality, Apple Stores are heavily staffed, and the "slackers" are actually pretty smart and competent most of the time. The reason is that smart and competent young people (e.g. doing a summer job or something before their real job) don't feel embarrassed to work for Apple like they would for Circuit City. ---------- USA 2008: crony capitalism dressed up in Ayn Rand's trampsuit
2008-02-18 11:50:26
Permalink | |||
|
Stockmonger Posts: 2159 Incept: 2007-06-28 Orange County
|
 Keep it real! Woof! ---------- occasionally I do like to see the other viewpoints of people not in my camp of theory, but I generally find it to be a waste of time. - Bear
2008-02-18 11:54:26
Permalink | |||
|
Agentx73 Posts: 113 Incept: 2008-01-23 Colorado
|
Ah, a poochie reference! I love TF...
2008-02-18 12:02:31
Permalink | |||
|
Gotshares Posts: 1793 Incept: 2007-09-06
|
"smaller format that it calls the City" Smaller as in "a hole in a wall"? like RSH? That should go well... 
---------- "A government is a body of people, usually notably ungoverned." --Malcolm Reynolds
2008-02-18 12:03:10
Permalink | |||
|
Yobbo Posts: 1849 Incept: 2007-08-30
|
Yo Money: Frontin' Stiznock Circuit City aim'n S-M-to-tha-izzall in latest turnaround effort No. 2 electronics retaila plann'n new format of compact stores dubbed tha City By Ylan Q. Mui, The Washington Piznost Washington Pizzy stizzaff shot calla Richard S. Drezen contributed ta this report February 17, 2008 Article tools E-mailShare D-to-tha-izziggDel.icizzlesFacebookF-to-tha-izzarkGoogleNewsvineRedditYahooPrintReprintsPizzay comment T-to-tha-izzext size: Circuit City Stores Inc. Chief Executive Philip Schoonova is hop'n he can makes more out of less in tha latest attempt ta turn around tha big-box chain fo' sheezy. The nation's second-lizzles poser electronics retaila, behind Best Buy Co. , plans ta open 50 ta 60 stores in tha com'n months in a new, smalla format tizzy it calls tha City. They'll be staffed wit Generizzles Y employees carry'n computa tablets ta look up stats on any product in tha company. Shelves hizzy been cleared of merchandise wit ho-hum sales ta focus on blockbusta cracka. Computa, cameras n video games is all hooked up n ready fo` hands-on test'n . One, two three and to tha four. The staff recites such mottoes as "Keep it real" n holds twice-daily rituals of "shameless self-recognizzles The City is a window into tha kind of company Circuit City hopes ta become, as innovative as tha genius bar at Apple stores n as convenient as a drive-through pharmacy. One day, Schoonova imagines, Circuit City's tech-help team, Firedog, may even be its biggest business, wit retail on tha sidelizzles. But such visions remain far friznom tha brutal reality. Once known fo` its customa service, Circuit City slashed its workforce by 3,400 last year n squeezed out $150 million in general expenses fo' sheezy. So far this fiscal year, it has lost mizzy than $300 million, n Circuit City's stock price dropped ta a clos'n low of $3.60 last month, tha lowest since tha early 1990s n dizzle from a 52-week intraday high of $21.54. Investors is trippin' antsy, n Wizzy Street has begun rhymin' whetha tha company should put itself on tha auction blizzay . I thought i told ya, nigga I'm a soldier. "This proved ta be a disastrous ****tail," said Daniel Nigga an analyst wit Jefferies & Co . Its just anotha homocide. "The gap wit Best Buy has widened considerably in every wizzy n clos'n it will takes time, if it is even possible at this point." The rollout of tha City W-to-tha-izzill be a crucial tizzle of tha company's plizzay ta boost profit follow'n a sharp dizzy in tha price of flat-panel TVs dippin' tha 2006 holiday season tizzy eroded its margins . Hollaz to the East Side. "The televizzle business permanently changed," Schoonova said. "izzy us, it meant a real challenge ta our business model." Circuit City acknowledges that tha past year has been dismal. But Schoonova n otha top execizzles said they also have seen baller of hizzle . Im crazy, you can't phase me. Online sales n revenue frizzom Firedog is grow'n by double digits. Prototizzles of tha City stores, whizzich is `bout 20,000 square feet, generated as much money as traditizzles stores of 30,000 square feet or more, wit lowa costs n a wanna be gangsta profit margin. In an interview at corporate heezeequarters in Richmond, Vizzle Schoonova said tha company stumbled coz it tried ta force too much change too quickly. "I think we had a good plan," he said. "I thizzink it took longa tizzle we expected." Rappa has instituted weed-smokin' changes ballin' tha bloodbath of 2006. One of tha mizzle controvizzles moves was fir'n 3,400 employees last year who tha shot calla determined were paid too much, then award'n retention bonuses ta top execizzles several months lata. Meanwhile, Circuit City revamped tha way its remain'n 40,000 worka performed they jobs thats off tha hook yo. Ratha than specializ'n in one department, tha company retrained employees ta work in multiple zones. It remains ta be seen how long investors wizzle wait fo` Cracka changes ta takes hold. Mizzy Wattles, who owns tha private Ultimate Electronics retail chain n has a 6.5 percent stakes in Circuit City, said he is interested in chang'n top managizzles at tha retaila, merg'n it wit anotha company or perhaps trippin' control of it himself, accord'n ta a fil'n wit tha Securizzles n Exchange Commission. Circuit City has rejected two buyout attempts in recent years, one by Mexican billionaire Carlos Slim Helu in 2003 n mother****a friznom Boston hedge-fund Highfields Capital Managizzles in 2005 fo' sho'. Analysts have begun pointedly ask'n managizzles `bout seek'n similar strategic alternizzles . Death row 187 4 life. "People jizzy don't hizzle a lot of patience wit them right nizzay said Stephen Baka, vice president of industry analysis fo` consuma research fizzle NPD Group. "They really have ta find a way ta right tizzy S-H-to-tha-izzip as fizzy as possible." http://sites.gizoogle.com/index2.php?url....
2008-02-18 12:07:12
Permalink | |||
|
Colossalc Posts: 1867 Incept: 2007-12-01
|
Holy frickin' crap. This story is hilarious (even without snoopifying it). Every elderly person should apply to be a salesperson there. The company has already professed a preference for hiring a particular age group (Generation Y). Let the lawsuits fly! They're down 5% today, probably just on people shorting them for this hilarious press release.
2008-02-18 12:56:13
Permalink | |||
|
Niko Posts: 2261 Incept: 2007-12-17 Bangkok
|
Can we have Wu Tan City instead?
---------- --------------------- What begins as a Kafkaesque ordeal, will soon turn into an Orwellian nightmare, before unexpectedly becoming a Judy Blume-ish disaster.
2008-02-18 13:04:00
Permalink | |||
|
Mtgspy Posts: 6121 Incept: 2007-10-27
Online
|
---------- It sounds antiquated, merchantilistic - until you figured out that I was hoarding for war.
2008-02-18 13:43:45
Permalink | |||
|
Carbonmutant Posts: 2855 Incept: 2007-08-28
Mountain View, CA
|
You'll see El Paso or Tijuana City before you see Wu Tan City.
---------- The Future is already here, it's just not Evenly Distributed...
2008-02-18 13:52:52
Permalink | |||
|
Dirtysouth Posts: 2766 Incept: 2007-09-20
Love Truth Honour ॐ Banned
|
Keep it real yall!
---------- Forest First...Trees Second Feb 9 ~ Mar 11 ~ Apr 09 ~ May 09 ~ Jun 07 ~ Jul 07 ~ Jul 22 ~ Aug 06 ~ Sep 04 ~ Oct 04 ~ Nov 02 ~ Dec 02 ~ Dec 31 Last modified:
2008-02-18 14:33:39 by dirtysouth
| |||
|
Thetruthhurts Posts: 434 Incept: 2008-01-09
Oakland, CA
|
They need to liquidate while they can and give the money back to the shareholders. This is not in keeping with their fiduciary duty.
2008-02-18 14:40:05
Permalink | |||
|
Newsboy Posts: 1175 Incept: 2008-01-29 Pastures of ignorant bliss...
|
Who the **** cares about "fiduciary duty" in CEO 'MeriKa these days? 
---------- .GOV is a RACKET!!!
2008-02-18 14:57:30
Permalink | |||
|
Npi Posts: 1062 Incept: 2008-02-17
|
I can't remember the last time I was in a "curcit" city. I guess I've been in one, it may have been a decade ago though. Frankly the swapmeet has more class, and the swapmeet is where you get'cher stolen stuff, yo! ---------- NPI: Nationalist, Protectionist, Isolationist. Fan #1, LCruiser Fan Club
2008-02-18 14:58:21
Permalink | |||
|
Olderobc Posts: 1580 Incept: 2007-08-01
Kenso, Philly
|
Don't forget to recycle- To the extreme!
---------- "You can't always write a chord ugly enough to say what you want to say, so sometimes you have to rely on a giraffe filled with whipped cream." -Frank Zappa
2008-02-18 16:01:37
Permalink | |||
|
Musashi Posts: 2942 Incept: 2007-11-06 Behind the Irony Curtain
|
Snoopyfying? I saw Washington and thought it was ebonics.
2008-02-18 17:28:53
Permalink | |||
|
Npi Posts: 1062 Incept: 2008-02-17
|
Snoopifying? Now don't insult Snoop, associating him with Curcit City really! Curcit City's more like ...... think of Homie The Clown. ---------- NPI: Nationalist, Protectionist, Isolationist. Fan #1, LCruiser Fan Club
2008-02-18 19:41:14
Permalink | |||
|
Hawaiitrader Posts: 581 Incept: 2008-01-10
Aloha Nui Loa
|
AGENT....lol what a DICKBAG! I hate Dickbags that keep it real!  Hahaha...
---------- http://daytradehawaii.blogspot.com/ My home is worth exactly what it was 3 years ago, glad I live on an island....
2008-02-18 20:47:14
Permalink | |||
|
Curiousfsh Posts: 932 Incept: 2007-07-26
NYC
|
Circuit City sucks, plain and simple. I will not be sad to see them go. Between them and CompUSA, I find it astounding that no one can seem to get electronics right in the market (with the exception of Apple, though it's slightly different.) Best Buy is okay, but I find them infuriating to deal with. Buying a TV just shouldn't be so ******n difficult. "Keep it real"? Jesus, I used to work in advertising and if I had proposed anything remotely similar, I'd have been fired on the spot or ridiculed until I left. Smells like desperation to me. RIP. ---------- "Only two things are infinite, the universe and human stupidity, and I'm not sure about the former." - Albert Einstein
2008-02-18 20:54:17
Permalink | |||
|
Stcm Posts: 1356 Incept: 2008-02-05
|
Keeping it real, yo! Just keep giving me those closeout discounts as CC goes out of business. Hope Mr. GenY guy at least gets a commission on the sale - base pay is probably min wage. OTOH, I was in a Radio Shack recently and the staff was incredibly helpful - they must have changed the comp with some incentives. And can't beat the price, although quality is somewhat suspect.. ---------- Short-Term Capital Mismanagement - "When genius was never there to begin with!"
2008-02-18 21:46:19
Permalink | |||
| Top | Forum Top | Login | Control Panel | Logout |
| Showing Page 1 of 2 | First | 1 | 2 | Last |