Death Spiral? Sony Cuts off Circuit City Shipments
Death Spiral? Sony Cuts off Circuit City Shipments
November 1, 2008
Gizmodo reports that PlayStation manufacturer Sony literally turned its trucks around in mid-delivery yesterday over fears that struggling retailer Cicuit City would not be able to pay for the merchandise.
As GamePolitics reported in mid-October (see: Circuit City Facing Game Over), Sony's move could be the final blow for Circuit City. Look for a domino effect as other suppliers follow suit, leaving the troubled chain without merch to sell.
Circuit City currently controls 5-10% of the retail video game market.
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Posted 11/20/09 at 05:42pm
ZippyDSMlee: oh may the cute stab out your eyes, http://www.youtube.com/user/simonscat
ZippyDSMlee: oh may the cute stab out your eyes, http://www.youtube.com/user/simonscat
Posted 11/20/09 at 05:17pm
JDKJ: O.K. Suit yourself. But when you're wearing Ray-Bans, sitting on a curb with a white cane and a cup of pencils, and doing Stevie Wonder impersonations, don't say I didn't warn you.
JDKJ: O.K. Suit yourself. But when you're wearing Ray-Bans, sitting on a curb with a white cane and a cup of pencils, and doing Stevie Wonder impersonations, don't say I didn't warn you.
Posted 11/20/09 at 05:10pm
ZippyDSMlee: JD:No thank you I don;t want your cooties...or STDs...
ZippyDSMlee: JD:No thank you I don;t want your cooties...or STDs...
Posted 11/20/09 at 05:01pm
JDKJ: Me. I'm rehearsing the role just in case I do get dubbed Zippy The Soecnda.
JDKJ: Me. I'm rehearsing the role just in case I do get dubbed Zippy The Soecnda.
Posted 11/20/09 at 04:59pm
DarkSaber: Wait, is that meant to be Zippy, me or you?
DarkSaber: Wait, is that meant to be Zippy, me or you?
Posted 11/20/09 at 04:49pm
JDKJ: I cud caer lez. =^^= *wakes up in mid-afternoon after staying up until 3:00AM soldering resistors on to circuit boards, stumbles around in formerly white but now grey underwear, while simultaneously scratching groin with vigor and making coffee*
JDKJ: I cud caer lez. =^^= *wakes up in mid-afternoon after staying up until 3:00AM soldering resistors on to circuit boards, stumbles around in formerly white but now grey underwear, while simultaneously scratching groin with vigor and making coffee*
Posted 11/20/09 at 04:46pm
DarkSaber: knell? Don't you mean Neil? Anymore of tht and I'll dub thee Zippy The Soecnda
DarkSaber: knell? Don't you mean Neil? Anymore of tht and I'll dub thee Zippy The Soecnda
Posted 11/20/09 at 04:44pm
JDKJ: Now, now, Saber. Don't be salty. You weren't the first one to knell and bob and you ain't gonna be the last one, either.
JDKJ: Now, now, Saber. Don't be salty. You weren't the first one to knell and bob and you ain't gonna be the last one, either.
Posted 11/20/09 at 04:42pm
DarkSaber: JD's feeling rather desperate it seems.
DarkSaber: JD's feeling rather desperate it seems.
Posted 11/20/09 at 04:33pm
JDKJ: C'mon, Zip. You already touch yourself way too much. Spread the love. Before you go blind.
JDKJ: C'mon, Zip. You already touch yourself way too much. Spread the love. Before you go blind.
Posted 11/20/09 at 04:27pm
ZippyDSMlee: JD:No and I ain't touching any part of you or your friends!! :P
ZippyDSMlee: JD:No and I ain't touching any part of you or your friends!! :P
Posted 11/20/09 at 04:25pm
JDKJ: @Zip: You know Lik Mitaint?
JDKJ: @Zip: You know Lik Mitaint?
Posted 11/20/09 at 04:18pm
ZippyDSMlee: neill and bob,oldest giveing head joke and most lamest...
ZippyDSMlee: neill and bob,oldest giveing head joke and most lamest...
Posted 11/20/09 at 04:18pm
JDKJ: But thanks for the memory. MIB's a classic. *sings* "Here come the Men in Black. Galaxy defenders. Here come the Men in Black. They won't let you remember."
JDKJ: But thanks for the memory. MIB's a classic. *sings* "Here come the Men in Black. Galaxy defenders. Here come the Men in Black. They won't let you remember."
Posted 11/20/09 at 04:18pm
ZippyDSMlee: JD:for the record I told you you can suck your own dck.
ZippyDSMlee: JD:for the record I told you you can suck your own dck.
Posted 11/20/09 at 04:07pm
JDKJ: Naw, man. That's Mueedeegiaap and Bob. And you can stop bobbing. I got Zippy bobbing now, too.
JDKJ: Naw, man. That's Mueedeegiaap and Bob. And you can stop bobbing. I got Zippy bobbing now, too.
Posted 11/20/09 at 03:56pm
DarkSaber: OH I get it now! It's Men In Black quote! The twins that run the comm centre in HQ.
DarkSaber: OH I get it now! It's Men In Black quote! The twins that run the comm centre in HQ.
Posted 11/20/09 at 03:49pm
JDKJ: I'd like to introduce you to them. First, Neil. Then, Bob.
JDKJ: I'd like to introduce you to them. First, Neil. Then, Bob.
Posted 11/20/09 at 03:47pm
ZippyDSMlee: JD:I know they are intimate friends of yours...
ZippyDSMlee: JD:I know they are intimate friends of yours...
Posted 11/20/09 at 03:44pm
JDKJ: @Zip: You know Neil and Bob?
JDKJ: @Zip: You know Neil and Bob?
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Comments
i don't feel bad for circuit city in general... just the employees... :/
Jesus Jack Jones Thompson.... is dead... (funeral udruge, followed by Celebrate :D )
i'll be a vulture on that "going out of business" corpse soon.
Here are we -- and yonder yawns the universe.
I don't care for any of the 'big box' electronic retailers, their sales staff are less than useless. But having a competitor exit the market is usually bad for consumers, and with the US economy in its current state it is bad for the country as a whole.
Do you know what happened in the 30's. There was a rumour that some huge businesses are going bankruptcy, so everyone believes it and starts selling their stock like crazy, dropping down the price to a point that businesses really do become bankrupt.
Circuit City is going to bankrupt because of moves like these. They are failing because of stupid baseless rumours.
You do realize that theGreat Depression was more than a stock market crash right. The stocks dropped then quickly climbed back up to the previous years level and then dropped again because the consumers weren't spending as much but it wouldn't have been near the problem if it wasn't for the the dustbowl and several other events like Britain attempting to go back to the gold standard. Sony is not panicking they are thinking carefully about how much of an impact it would be if Circuit City cannot pay. Take a look at wallstreet there are a lot more problems than 'panic'.
No... Circut city is going our of busines because they are a shit company. A few years back they either fired, or told their experienced sales staff that they were recieving a signifigant pay cut(Many of them quit). All in the name of cutting costs.
Their sales staff currently sucks at any store I've been too. They used to ahve knowledgeable and helpful folks now they have idiots and highschool dropouts. I can't go look at new speaker equipment their because anytime I do, I get bothered by salesmen who make weak jokes about how this goes to 11. I also get tired of them trying to tell me that the only cables I should use are those fucking monster cables which cost 10 times as much as the cables I can make myself, and don't sound any better.
Thats why that shit company is going out of business and good fucking riddance.
Actually Circuit City's stock is worth currently in the margins of cents not dollars. You can buy Circuit City's stock for I think its less then fifty cents now. The NASDAQ is threatening to take them off their list if they dont reach over a dollar in six months
FIRE SALES AHOY!
i intend to capitalize on circuit city's misfortune. there are a lot of games and other electronics i've been wanting, looks like i will be getting them soon.
It is not murder; I am merely advancing the hands of the clock, just a bit.
Seconded!
I remember when Suncoast had 80% off of everything it was nice
Yes I also plan to go crazy when they have a going out of business sale.
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"What for you bury me in the cold cold ground?" - Tasmanian devil
When you got gas at 5 dollars a galleon in some places yeah your going to cut back, big time. After August anymore I refuse to drive 70 I drive 45 and 55 on every major highway. Oil has losts its value we are going to drive but not as much
Is it still that costly around the country? It was $4-5/gallon out here in the Baltimore area for the last couple years, but it's dropped tremendously over the last few months. We passed by a station just today where the cheap gas was $2.29/gallon.
Too bad, so sad circuit city.
One of my friends got the training there. They literally told him to lie about the product to sell the warranty so he got the commission.
I've always referred to them as the electronic ghetto.
I don't know when your friend worked for Circuit City, but no sales associates get commission anymore. They get bonuses...but no commission.
The retailers would probably do better by not selling game consoles at all. The profit margins on the consoles for retailers are somewhere in the 1% - 2% range. After shrinkage, returns and customer service I don't think they make any money out of the hardware.
-- http://pixelantes.blogspot.com/
Eh, I won't miss them. I'd rather see Best Buy and Fry's flurish. I like them quite a bit more. Which is to say, I don't like CC at all.
Circuit City has been a sinking ship for some years but I hope that they are able to ride this out and come back. Their new concept stores called "The City" are smaller and focus primarily on TV sales (which is what the crux of their business was when they first started some thirty years ago) and their gaming station is just freakin' cool. It seems like they are trying to get a more hands on type of feel to their stores which causes it to be more accessible than Best Buy.
I don't even think you can compare it to Best Buy anymore though because BB does it all, has a huge music/movie collection, sales appliances, and actually knows how to do business (though I still can't stand speaking with their Geeksquad). Circuit City had a worthless CEO who drove the company into the ground...now that he's gone, I have high hopes that the company can turn things around. Granted this is going to involve massive layoffs, and many store closings....but it could be done...and a competitive market is much better than a Best Buy controlled industry.