Re:Circuit City to liquidate all US stores
by trickjarrett on Friday January 16, 2009 @11:27AM
(#436795)
About time. They've been thrashing around long enough and the store near me is already in shambles as employees have apparently stopped caring.
But it's a reminder that a struggling company isn't always going to get bought out. Circuit City simply couldn't compete with Best Buy, and they're both being increasingly squeezed by Wal-Mart and Target.
Circuit City will remind Best Buy that it's perch isn't safe.
One thing that jumped out at me is that Best Buy is not a "tech" name, so they could in theory (I'm not necessarily saying they should, only that they could) have a rebirth as a Target, Walmart, K-mart competitor.
But it's a reminder that a struggling company isn't always going to get bought out. Circuit City simply couldn't compete with Best Buy, and they're both being increasingly squeezed by Wal-Mart and Target.
Circuit City will remind Best Buy that it's perch isn't safe.
One thing that jumped out at me is that Best Buy is not a "tech" name, so they could in theory (I'm not necessarily saying they should, only that they could) have a rebirth as a Target, Walmart, K-mart competitor.