LogFAQs > #905296944

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Topic	Why did Circuit City fail?
Questionmarktarius 07/18/18 12:24:45 PM #27:	EternalDivide posted... Montgomery Ward. Now that was a store that always felt depressing to be in. Like you could just feel the subpar-ness everywhere. It got sucked into the same sort of debt death-spiral that finished off TRU about twenty years later. Diverting revenue to service debt is less revenue that can be devoted to store upkeep and updates. As the stores get progressively more run down, less people bother to show up, which means even less revenue for store upkeep and updates. Repeat until liquidation. <cite>Questionmarktarius posted [p:905296944] in Why did Ci... [t:76816983]...</cite> <quote><cite>EternalDivide posted...</cite> <quote>Montgomery Ward. Now that was a store that always felt depressing to be in. Like you could just feel the subpar-ness everywhere.</quote> It got sucked into the same sort of debt death-spiral that finished off TRU about twenty years later. Diverting revenue to service debt is less revenue that can be devoted to store upkeep and updates. As the stores get progressively more run down, less people bother to show up, which means even less revenue for store upkeep and updates. Repeat until liquidation.</quote> ... Copied to Clipboard!
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