Circuit City closing
“This is very significant. It shows you how bad things are for the retail industry,” said George Whalin, president and CEO of Retail Management Consultants.
Whalin said management mistakes over the past few years combined with the recession brought down Circuit City.
“This company made massive mistakes,” he said, citing a decision to get rid of sales people and other mismanagement.
This is a shame. Circuit City is been one of a handful of larger companies with their headquarters here in Richmond, VA, and has been here for years. But what Whalin says is true: they have been making huge mistakes for years: mistakes that were obvious to everyone who worked there (I used to work there, as did a good friend of mine until they outsourced his job to IBM). Mistakes that were obvious to everyone, I guess, except the upper management.
Such a shame.