http://www.chapter11library.com

No, they haven’t gone chapter 11 yet… BUT THEY WILL! Retailers never declare bankruptcy before Christmas. Customers are much less likely to buy during the holidays if they think the store won’t be around (see montgomery wards). There share price is less than .50 cents, they’re going to be de-listed from the nyse soon, and there is not even a remote chance they’ll be able to recover their share price in the near future. Banktrupcy is a GUARENTEE by the summer of 09!!!!!

With their share price less than 1.00 there is really no reason not to declare bankruptcy. At this point chapter 11 actually helps them. About 25% of their stores are in very poor locations. It would benefit them to liquidate those stores but the leases are too expensive to buy out. Chapter 11 would allow them to get out from under a lot of bad debt and contracts and emerge a more stable company.

Basically every financially troubled retailer goes through at least one chapter 11, before they go chapter 7 and close down for good. (see wards, ames, venture, bradlees, etc, etc, etc) If you work at CC your biggest worry should be getting laid off or your store being one of the 20-25% they will close. I would start looking for a new job just in case. Remember I GUARENTEE they will go chapter 11 by the end of their 2nd qtr 09’!

When I use to send customers to buy cables online it was a tip. To me it is completely unethical to tell a customer to by a cable selling for $100 when they could purchase practically the same one (test done online) for more than 80% cheaper.

Circuit City did make a big change for employee’s in the HE department to stop doing this by giving incentives to sell items which high GM. Those items being Monster products, mounts, installations, calibrations, warranty’s, etc…

Even with those extra commission checks at end of the month I assure you that someone like me being honest would still make bonuses.

I’m quite surprised that Brandsmart has an SEO company or outsourced one for link building/reputation management. Personally I use to send people there all the time. Why? When we couldn’t give them the best price I’d tell them everything they’d need to know and educate them well on everything and send them to battle with your employee’s. If people are on a tight budget and you know they just wanted a TV for cheap and I was about to get cherry picked, send them to Brandsmart!

I have no idea how you guys sell TVs for way under cost sometimes. A repair guy from Brandsmart actually came in to buy a set from me because what he quoted was that the company would call up manufactures and buy out the last batch of units left that weren’t bought and got a better deal and reason they sold sets for so cheap. Of course this could be completely false but have no idea how Brandsmart makes money.

One thing is for sure if you know what you want and know the actual cost of the product without mark up, you can walk out of there with something below cost by negotiating. This is why I have this site to help educate people so they can go out and make the right choice. Not get ripped off by a person who sells them a cable with 80%+ markup.

All the CC’s in Miami have gone down hill. If your company is doing poorly then you should at least train your employees to be the best when it comes to knowledge. NOT pay them the same wage to now be in charge of 3 departments. I complained greatly when I was told that now I was to help Car Audio when I already was in charge of Video & Home Audio. I get more responsibility and get paid the same?! That is total BS. I could easily have taken charge and been the ’super employee’ but it’ll cost you.