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The failed business model by Circuit City

The Source outlets in Canada (including this one in the Eaton Centre downtown) remain open for business

The Source outlets in Canada (including this one in the Eaton Centre downtown) remain open for business

Dear Circuit City,

I’ve never been to any of your U.S. stores, so I can’t really comment on why you’re facing bankruptcy right now. But I have been to The Source, your Canadian outlets that used to be Radio Shacks, and it doesn’t surprise me that your Canadian subsidiary is also filing for bankruptcy protection.

I realize it’s convenient to blame this on the economic downturn, but may I offer some other suggestions:

And yet, shockingly, you’re in the hole. I guess that means this job you just posted in TMR isn’t getting filled…

4 thoughts on “The failed business model by Circuit City

  1. adam hartung

    Remember when Circuit City was a favorite in “Good to Great” by Jim Collins? Remember when we thought being big gave you clout with customers and vendors to produce long-term returns (Michael Porter’s 5 Forces Model)? It’s time we recognize that the old approach to management doesn’t work in a rapidly shifting competitive world. There are winners in today’s market, but they follow a different approach. Read more at http://www.ThePhoenixPrinciple.com

    Reply
  2. DAVE ID

    I used to love Radio Shack for my component needs, they had little nick nacks for everything. Well guess there’s only Adisson left. If they sold fertilizer they have everything in there to blow up the island =)

    Reply
  3. Pingback: Fagstein » The Source by Bell

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