http://www.pcmech.com/article/circuit-city-closings-a-ho-hum-event-at-best/ Helping Normal People Get Their Geek On Wed, 15 Feb 2012 17:13:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.pcmech.com/article/circuit-city-closings-a-ho-hum-event-at-best/comment-page-1/#comment-16684 Circuit City Files for Chapter 11 Bankruptcy | PCMech Mon, 10 Nov 2008 22:02:58 +0000 http://www.pcmech.com/article/circuit-city-closings-a-ho-hum-event-at-best/#comment-16684 [...] week, it was announced that the chain would be closing 155 stores across the country. That move was meant to stop the hemorrhaging of cash and hopefully have it [...] [...] week, it was announced that the chain would be closing 155 stores across the country. That move was meant to stop the hemorrhaging of cash and hopefully have it [...]

]]> http://www.pcmech.com/article/circuit-city-closings-a-ho-hum-event-at-best/comment-page-1/#comment-16461 Drew Tue, 04 Nov 2008 22:28:55 +0000 http://www.pcmech.com/article/circuit-city-closings-a-ho-hum-event-at-best/#comment-16461 From my understanding, the decision as to which stores were to be closed was based mainly on those with lower sales figures along with the high cost of leasing. Many stores were unable to renegotiate a lease agreement at a reduced rate compared to what they were paying. Under performing stores was the number one reason from what I hear though. Even though I'm obviously not 'pro' Circuit City, it's still not easy to see companies downsizing and closing down 20% of their stores due to the economy and their stock value. It's hard on everyone, especially their employees (which I feel sorry for the most) From my understanding, the decision as to which stores were to be closed was based mainly on those with lower sales figures along with the high cost of leasing. Many stores were unable to renegotiate a lease agreement at a reduced rate compared to what they were paying.
Under performing stores was the number one reason from what I hear though.
Even though I’m obviously not ‘pro’ Circuit City, it’s still not easy to see companies downsizing and closing down 20% of their stores due to the economy and their stock value. It’s hard on everyone, especially their employees (which I feel sorry for the most)

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