Empires bought by investment groups that fire all the employees, sell all the assets, and over leverage on too much debt till bankruptcy.
this post was submitted on 26 Sep 2024
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I actually worked at the second to last block busters. It was sad like having a job inside a dying person. Every month it was a new gimmick to get people back. But still fewer and fewer people showed up. You could feel the end coming.
There's still a Blockbuster sign up by the freeway near where I used to live. There wasn't a Blockbuster there even when I moved there 10 years ago.
Why did Best Buy survive buy Circuit City went under? They were basically the same thing, so what did they do differently?
I think it's a Highlander scenario, there can only be one.
As someone that shopped at both, but preferred Circuit City, I think Best Buy initially did a better job of "wowing" customers and had a better store layout. They also were better at trying to squeeze money out of people and thus were more profitable than Circuit City, so when times got leaner they survived and then had the whole market.
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(11 replies)
Circuit City was great until it wasn’t.
Sucks.
RIP Fry's.
K-Mart needs to be added to this
pour one down for Fry’s