Jan 16 2009
Circuit City Goes Out Of Business
So today Circuit City (or as I like to call it, Jerk It City) officially announced that they were going out of business. This doesn’t surprise me at all. Not in the usual cynicism that I’m sure most people flout.
About ten years ago, I worked for Montgomery Ward, a company that months after my departure also went tits-up. Five years later, I applied for a job at Circuit City. During my interview, the hiring manager noticed Montgomery Ward on my resume and smirked. He told me that the CEO of Montgomery Ward became the CEO of Circuit City after the company fell apart.
So needless to say, I saw the writing on the wall those years ago. It was only a matter of time before history repeated itself. I remember when Circuit City was gaining success by being a large-scale Radio Shack. Then they tried to become a small-scale Best Buy and that’s what I think was their biggest error.
I’m looking forward to checking out the liquidation sales, though.
