I was in a Circuit City store over the weekend and couldn’t help but notice the lack of shoppers in the store. As I walked through the DVD area and noticed most titles were at least 4 units deep, I thought to myself, too much inventory too few shoppers, these DVDs will end up on some overstock website. As a matter of fact I started to think that I should keep my eyes open for some super deals as it was apparent to me that this Circuit City store was not going to make it.
Turns out I may have been right. Circuit City announced today that it will be liquidating it’s assets and also states that the chain has over 30,000 employees. Sadly, it looks like these 30,000 will add to the January jobless number when it comes out next month.
Later that day I went to the nearby Best Buy Store whose parking lot was full. Good news for Circuit City Employees, Best Buy is Hiring.