Circuit City and Best Buy

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Following a report earlier this month about slower store openings, Circuit City is now turning itself all the way around. It has retained Skadden, Arps as a bankruptcy lawyer and is investigating 150 store closings along with raising "emergency funds."

Meanwhile, sector leader Best Buy is launching several Best Buy Mobile stores this month and exploring a European expansion. The linked article here cites Best Buy's bet on mobile as successful compared to Circuit City's HDTV focus, but this page says Circuit City made its share of non-product-related mistakes the past few years as well.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on October 20, 2008 2:19 PM.

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