Why Circuit City’s Bankrupt
Friday, January 23rd, 2009So I stop by my local Circuit City this evening to see if anything worth buying is on sale. I actually have a couple of items in mind. However, the game I want is selling at full list price, despite the going out of business “sale”. The camera I want is actually 10% off, at which price it is still a couple of hundred dollars more expensive than the same camera on Amazon. I do pick up one cheap game that is actually 14 cents less than the price on Amazon, sales tax included.
For all the talk about how Wal-mart killed Circuit City, I’ve never found especially good prices on electronics at Wal-mart (or Target, or K-Mart, or similar); and I’ve never found competent service at Circuity City either, even before the layoffs. It’s Amazon and eBay other web stores that are killing the big box retailers, especially for high margin items that don’t cost a lot to ship. It’s amazing that anyone still buys anything at brick-and-mortar stores like Circuit City and Best Buy.