Full FeedYour local Circuit City to become a Best Buy?
In a wave of closings, layoffs, and cutbacks one company in the gadget world is looking to stand their ground against the economic tide. Best Buy, the tech and gadget superstore, could hugely benefit from store closings, but one particular may catch their eye.
Circuit City is looking to soon close thousands of stores in the U.S. alone as it liquidates its assets and closed shop. Best Buy is looking to potentially snatch up some of those locations around the country according to CEO, Brad Anderson. Anderson apparently told Reuters recently that quality financial standing was more important at the present time, though.
Amidst layoff announcements and job buyouts of their own, it seems a little pretentious for Best Buy to even be considering buying up new locations. But in the end corporations will do as corporations will do and that Circuit City down the street may soon be a Best Buy.
Source: [BizJournals.com]
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There is a Circuit City right down the street from a Best Buy here in Tucson. I don’t think they will be taking their location. If they put people back to work it would be a good thing. I liked Circuit City, but it is survival of the fittest in this economy.
on January 30, 2009 at 09:17 PM - LINK