Why Circuit City abandoned its 700 stores

None of them ever seem to work out that to buy stuff you need money, to get money you need to work, thus eventually as they all try to get wages out of the business they will all go bust as the consumers with disposable incomes disappear.
CEOs are still living a business model in which they want to be the ones to kill and salt all the bison so nobody else can have any.

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I’m not sure if it’s addressed in the video. If it is, sorry for being redundant.

The first thing I think of when remembering the fall of Circuit City is this:

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Ah yes, a media format with the dubious honor of never being cracked, because nobody wanted to because it was crappier than DVD.

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Kill and salt?

Why waste the salt? A good CEO wouldn’t waste the salt,

A good CEO kills everything and leaves rotten carcasses for the competition.

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I don’t miss it because they always sucked. Overpriced, too.

The one I miss is CompUSA. sigh

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Bunkyboar’s first rule of internet headlines: if the headline says it will tell you “why” something happened, it will tell you “that” something happened, and maybe “how” something happened, but it will never tell you “why” something happened.

Probably it’s a corollary to Godwin’s Law.

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At least we still have Fry’s! For now!

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I find Fry’s to be a bit over-rated. More expensive than I can get elsewhere. Plus they’re not conveniently located to me. There used to be a CompUSA across the street from me, though. Now it’s a pet supply store. :frowning:

Oh god yes I remember this terrible idea

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“watchable for up to 48 hours from its initial viewing […] consumers could just discard a DIVX disc after the initial viewing period”

Step 1: Select a media format capable of lasting for decades or even centuries.
Step 2: Find a way to convince people to throw it out after two days and pay to replace it.
Step 3: Find someone to blame when you are not profiting.

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The Flexplay disc were even more insidious, as they involved a chemical reaction that would make the disc unplayable ~48 hours after opening the case.

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As a former Best Buy employee, Good. I’ve worked several retail chains, and the only one where I felt I was not offering a product or service at a reasonable price was Best Buy/Geek Squad.

I couldn’t sell a $30 USB cord with a straight face.

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Well, you could… on commission.

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Well abandoned is not really the right word here, you’re using it because you are a mammal and think like a mammal, but Circuit City is a reptile and I don’t think it’s right to apply mammalian type of nurturing roles to a reptile. Circuit City spawned its 700 stores and then left them to fend for themselves in the brutal contest that we call life, that’s the reptilian way.

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I was referring to an old expression sometimes now used for putting away ill gotten gains in tax havens, i.e. “salting away”.

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Yeah, I was just riffing on how CEOs do business!

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The big-money executives and investors seem to know the damage they are doing. They just want to get theirs so that they can retire to some tropical paradise when the effluvia hits the air impeller.

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I guess this is why they get so worried every time tropical paradises look like they might go a bit Marxist.

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Of course not. You have to ask if they want the replacement plan with that!

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That, plus they like having cheap vacation getaways in the meantime. And potential labor pools and/or tax havens. It is easier and cheaper to bribe a ruthless dictator than it is to bribe an entire nation.

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