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TopicWhy did Circuit City fail?
EternalDivide
07/18/18 11:39:00 AM
#14:


Poor selection and bad prices. Messy stores too. Sort of like the Sears of the electronic stores.

Of course Sears is currently being operated as some sort of money laundering scheme by it's majority owner. It's over my head. But essentially he's intentionally investing money in it even though the writing's on the wall that it's going under completely. He sells off assets like Craftsman from it. And once Sears goes bankrupt he remains principal owner as it's creditor even though he loses his equity stake.
It's all highly scummy.
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