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Circuit City's Job Cuts Backfiring, Analysts Say
wahington post ^
| 5-2-07
| Amy Joyce
Posted on 05/02/2007 5:08:03 AM PDT by Hydroshock
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To: laotzu
“God, I miss those days.”
Start a daycare business and take the little tykes shopping with you....:)
81
posted on
05/02/2007 7:02:07 AM PDT
by
Salamander
(And don't forget my Dog; fixed and consequent.......)
To: Hydroshock
I feel bad for the employees, but I always liked Best Buy better anyway.
82
posted on
05/02/2007 7:04:53 AM PDT
by
Pharmboy
([She turned me into a] Newt! in '08)
To: Vinnie
"Sears did the same thing in the 70s. Shot themselves in the foot." My brother says the same was done at Home Depot.
83
posted on
05/02/2007 7:05:22 AM PDT
by
blam
To: Hydroshock
Important business principle: You cannot cost-cut your way into prosperity. Set about making money, not saving it.
84
posted on
05/02/2007 7:06:37 AM PDT
by
TChris
(The Democrat Party: A sewer into which is emptied treason, inhumanity and barbarism - O. Morton)
To: Hydroshock
Duh. You get rid of those who are already trained and are strong performers, yet now find you have to spend time and financial resources training all the green newbies.
Who's running Circuit City? He/she/they really need to go back to Corporate Management 101, as (believe it or not, populists) this is what they tell you NOT to do in B-School.
85
posted on
05/02/2007 7:09:26 AM PDT
by
Clemenza
(NO to Rudy in 2008! New York's Values are NOT America's Values! RUN FRED RUN!)
To: Hydroshock
Circuit City has 38% greater SG&A expense as a % of sales compared to Best Buy.
That’s why they did what they did.
CC was 21.2% last quarter.
BBY was 15.3% last quarter.
86
posted on
05/02/2007 7:14:51 AM PDT
by
Canali
To: RSmithOpt
I purchased one of their worthless top-of-the-line warranties on a $3,000 laptop computer. I was assured by the salesperson that the warranty covered everything short of an act of war. Wrong. It was no where near what the salesperson had described.
They refused to even send the laptop in for repair at my cost. I would support criminal charges against them, but frankly I think the economic consequences of their poor business practices are going to be more effective!
I will never shop there again. Period.
87
posted on
05/02/2007 7:17:08 AM PDT
by
jwpjr
To: pikachu
So you get rid of your most productive workers and wonder why things are not going so well. That's a fine summary of a common business management practice.
What's truly amazing is the number of managers who still collect a paycheck (and often bonuses) after implementing it, since it is a recipe for disaster.
To: Salamander
Start a daycare business... Instigating/advocating frenzied games of 'knock over the manequins' at the JC Penny, food fights at the grocery store, and barking like a pack of dogs at the mall Santa(a tradition we still observe); apparantly puts just a whole lot of parents off.
Go figure.
89
posted on
05/02/2007 7:17:25 AM PDT
by
laotzu
To: FreePaul
I know how you feel. Nothing irritates me more than a bunch of employees who know absolutely nothing about the products. I went to purchase some shocks for my truck a while back and the salesperson brought out one shock. She did not know that there were four of them on a vehicle. One of her coworkers had to explain it to her.
90
posted on
05/02/2007 7:18:01 AM PDT
by
flying Elvis
("In...War, the errors which proceed from a spirit of benevolence are the worst" Clausewitz.)
To: flying Elvis
the salesperson brought out one shock Just..just...damn!! Truly stunning.
91
posted on
05/02/2007 7:23:11 AM PDT
by
laotzu
To: HaveHadEnough
I was pushier than you were. I couldn't find anyone to help me, so I went to the checkout counter and asked them to page someone. The response, "There should be someone over there". My response, "Yes, there should, but there isn't. So would you page someone". They finally found someone to get the box I wanted to buy for $600 or so.
My next big ticket item is coming from Sams.
92
posted on
05/02/2007 7:35:06 AM PDT
by
PAR35
To: laotzu
93
posted on
05/02/2007 7:37:32 AM PDT
by
Salamander
(And don't forget my Dog; fixed and consequent.......)
To: Oberon
He started as though something had struck him. "You're right," he finally said. It sounds as though your friend may be overpaid.
94
posted on
05/02/2007 7:39:09 AM PDT
by
Balding_Eagle
(If America falls, darkness will cover the face of the earth for a thousand years.)
To: Hydroshock
The low priced help can’t s#it on the customers as well as the high priced help can.
95
posted on
05/02/2007 7:40:31 AM PDT
by
RushLake
(I neutered my dog; now he's a liberal.)
To: Hydroshock
Every time I walk into a Circuit City some employee has rap blasting throughout the store.
96
posted on
05/02/2007 7:40:38 AM PDT
by
Vision
("Blessed is the man who trusts in the Lord, whose confidence is in him." Jeremiah 17:7)
To: Hydroshock
Could also be the fact Circuit City is the most UNINVITING sales floor.
LOUD, Rap music blasting, buffoon employees who are too busy playing with the floor models to give customer service and are really there to babysit the store.
97
posted on
05/02/2007 7:45:30 AM PDT
by
longtermmemmory
(VOTE! http://www.senate.gov and http://www.house.gov)
To: shove_it
To: TChris
Important business principle: You cannot cost-cut your way into prosperity. Set about making money, not saving it. Was it Reagan or Rush that said no country ever taxed its way to prosperity?
99
posted on
05/02/2007 7:55:10 AM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Balding_Eagle
It sounds as though your friend may be overpaid. Nah. He's making around fifty grand, but he'd make twice that in the private sector. He doesn't believe that, but I do. He's one of the most conscientious people I know. He'd make a good freeper, but not from work. Not like me. =]
100
posted on
05/02/2007 7:58:53 AM PDT
by
Oberon
(What does it take to make government shrink?)
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