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Circut City

Dishatlanta

Dish Network Retailer
Joined
May 17, 2000
Messages
2,498
So I'm reading the Wall street Journal this morning and I see that the gross profit margin fell to 24.1% and is causing a 32 cent loss per share. They blamed it on higher level of discounts and promotions. Perhaps they should stop giving the stuff away and stealing customers and actually work on selling a product for a resoanble prices and make a profit for shareholders.

Net loss of $62.5 million, geez if I could afford to lose that much I guess I would be a big company also.

Karen

I used to drive down the long highways, throwing tomatoes out the window yelling, 'Hooray for the spicy chipmunk!'
 

MsDish

Dish Network Retailer
Joined
Jan 1, 1999
Messages
5,589
And my word to C & J is this.

Send the retailers bunches of gift certificates to give out.

Cut out the $100. and then $200. credits on the existing customers account that they would be paying for programming.

This seems to be a deal where we don't make $ now on the newly acquired customer and we don't make $ that could have been made come March and beyond due to those credits given the existing customers.

I applaud them for being good to the existing customer. But two gift certs, each getting better than the last time.

The staffing, creation of certs and paperwork and the ups delivery fee plus the free system and free install to the new gift cert receiver and then now up to $300. for existing customers 'those who got and gave and acquired for Dish Net two customers' with that $300. programming credits or (as C said) a second receiver perhaps or dish 500 upgrade or whatever.

Again; eliminate all of that by simply sending the retailers certs to give out.

Even with no coop accrual I can make a lot of sales with this promo and it's lowered minimum monthly programming required.

aka MrsGooberMushroom
"Make you the world a bit better or more beautiful because you have lived in it."
Edward W. Bok
 

Lil Dog

New member
Joined
Nov 30, 2000
Messages
559
I seen alot of them go down the drain. Solo and Fretter and some others. You can not sell below cost and keep in busines. If you keep low ballin and match prices you get into a price which will put you out of business. Provide good product at good prices with good service, that will make you survive. Carve out that special nitch in your area that the big box shops cant do. Tryin to fight the big dogs against their game plan, then you cant win. So carve your own winning solution out guys and gals.

Happy Holidays but dont have to much fun.
dog is a proud member of the PSDA
(and the SpCA - and the spade and neuter clinic)
 

y2k

Former Dish Network Sufferer
Joined
Jan 14, 1999
Messages
59,613
well, what it says, insultingly enough, is that we aren't doing a good enough job as dealers in aquiring custs, so they have to basically hijack our cust bases to do the job for us...and, of course, arm their new 'salespeople' with a no-strings deal that even dealers themselves cannot give, unless and until we collect some of those 'certs' from custs who don't have a referral themselves...

thurs. is going to be a VERY IMPORTANT DAY for c & co. to rertain credibility with the dealers...

...even a dog knows whether he has been stumbled over or kicked
 

Waylon1

New member
Joined
Aug 12, 2000
Messages
2,165
Actually Circuit City is too high for me on just about everything except DirecTV systems. Shoppers are buying more and more electronic products on the web...one can buy a computer at about 1/2 the price on the web....
Have you tried to buy a $3.79 printer cable at Circuit City lately? They have them for $39.95.

Folks around here are tired of the $798 computer prices at CC....only to find out that is after a $400 Compuserve rebate and a $150 manufacturers mail-in-rebate.

The sales staff at CC don't know sh!7 from shinola.

If you do make a purchase at CC such as a CD Walkman like I bought my son you can expect to get bombarded with offers of extended warranties.

Their high prices; their business practices; and a slower economy has led to a loss for them.

Member: PSDA
 

y2k

Former Dish Network Sufferer
Joined
Jan 14, 1999
Messages
59,613
no-f*-kiddin'...i went in there, reluctantly, to buy a toslink (the dolby digital connector cable)...searched and searched and finally had to get help to find it, and it's priced astronomically...


thursday- CHARLIE CHAT

TURN ON DISH NETWORK CHANNEL 988
12 PM NOON EASTERN TIME
DON'T MISS THIS SHOW!
Q1 PROMOTIONS!

promotion*s*? how many?

...even a dog knows whether he has been stumbled over or kicked
 

Lil Dog

New member
Joined
Nov 30, 2000
Messages
559
Everytime I look at the Chuck & Buck show I just want to pi$$ on a tree. And I wonder about them and what are they gonna take from us or they will have another screwy promotion. Thats to take more $$ out of my pocket

good luck! Happyy Holidays

member PSDA -dog
 

dishstaller

Administrator
Joined
Sep 27, 2000
Messages
26,056
Well it took 8 years but I guess it finally caught up to Circuit City. Good call Karen

You know, it's amazing. I sometimes look over some of these old posts and there are so many dealers who simply dropped off the face of the Earth. Some of whom I really enjoyed their post. What ever happened to jcjrd?...or was it jrjcd?
 

Timinator

New member
Joined
Jun 3, 2007
Messages
1,353
This was posted on SBT:

The actions taken on Monday DO NOT mean that Circuit city is going out of business. On the contrary, we believe these actions will provide us the time needed to restructure the business so that a stronger Circuit City emerges.
Here were some of the questions covered.

What does this mean for me as a firedog vendor?
- During this reorganization process, we are committed to paying our vendors on a timely basis.
- We expect to pay in full for work completed after 11/10 and we believe it is both of our company’s interests for Circuit City to continue operating at optimal capacity.

Why did the Circuit City’s check I deposited bounce?
Under the bankruptcy laws, we aren’t permitted to pay for work completed prior to our Chapter 11 filing on 11/10. As part of the filing process, we were required to instruct our bank to bounce all outstanding checks. We apologize for and deeply regret any inconvenience.

When will I be paid work orders I completed before the filing date?
- We regret any hardship you may experience in connection with these actions.
- Any recovery that you will receive on your outstanding claim will be determined under a plan of
reorganization approved by the Court. You will need to file a proof of claim, and you can access the form at www.kccllc.net/circuitcity.

What about work I complete going forward?
- Circuit City has negotiated a commitment for a $1.1 billion debtor-in-possession (DIP) revolving credit facility to supplement its working capital and provide additional liquidity while we work to reorganize the business.
- We plan to process all work orders completed on or after 11/10 as we did prior to Monday’s actions . The DIP will allow us to do so confidently.
 

Timinator

New member
Joined
Jun 3, 2007
Messages
1,353
There were a lot of people trying to get me to do work for CC, I wouldn't touch them with all the problems they were, and are having. That's one less company that will be screwing me over, it looks like I got it right this time. :D
 

dishstaller

Administrator
Joined
Sep 27, 2000
Messages
26,056
Does this mean that Circuit City's demise was orchastrated by the Ruskies!!!??!!!
 
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