{"id":69,"date":"2007-04-18T14:00:12","date_gmt":"2007-04-18T18:00:12","guid":{"rendered":"http:\/\/www.AchieveMax.com\/blog\/2007\/04\/18\/best-buy\/"},"modified":"2013-07-02T11:05:00","modified_gmt":"2013-07-02T15:05:00","slug":"best-buy","status":"publish","type":"post","link":"https:\/\/achievemax.com\/blog\/2007\/04\/18\/best-buy\/","title":{"rendered":"Circuit City Ordeal Continues"},"content":{"rendered":"<p>Not long ago, I addressed the issue of <a href=\"http:\/\/www.achievemax.com\/blog\/2007\/04\/04\/circuit-city\/\" target=\"_blank\" rel=\"nofollow\">the decision by Circuit City<\/a>, the nation&#8217;s #2 consumer electronics retailer behind Best Buy, to fire 3,400 retail workers because they&#8217;re making too much money! Nearly every business magazine and newspaper in the country reported the story, providing the giant retailer with a great deal of publicity. Few reporters said yea or nay about the controversial decision. Most took a &#8220;wait and see&#8221; stance.<\/p>\n<p>Upon reading the news release, I struggled to understand how anyone in a leadership role could compare the savings derived from such a strategy to the enormous loss of revenue\u00a0that could possibly evolve from disgruntled customers who might feel this approach to be unethical. Add that to the possible long-term loss of sales resulting from a less experienced and less motivated staff and there could be trouble on the horizon. On the other hand, I could very well be wrong as I have never been the CEO of the nation&#8217;s #2 consumer electronics retailer. I must assume that all possible scenarios were closely examined and evaluated before such a crucial decision was made. However, I could be wrong there as well.<\/p>\n<p>Here&#8217;s an interesting update. The Associated Press announced end-of-the quarter figures for both Best Buy and Circuit City:<\/p>\n<p>Best Buy reported an 18.5 % increase in their quarterly profit with earnings of $763 million. Best Buy revenue rose 21 % to $12.9 billion.<\/p>\n<p>Circuit City Stores, Inc. said it lost $12.2 million in this quarter.<\/p>\n<p>Hmmmmmm &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Not long ago, I addressed the issue of the decision by Circuit City, the nation&#8217;s #2 consumer electronics retailer behind Best Buy, to fire 3,400 retail workers because they&#8217;re making too much money! Nearly every business magazine and newspaper in &hellip; <a href=\"https:\/\/achievemax.com\/blog\/2007\/04\/18\/best-buy\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-69","post","type-post","status-publish","format-standard","hentry","category-just-me"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Circuit City Ordeal Continues - AchieveMax\u00ae Blog<\/title>\n<meta name=\"description\" content=\"Best Buy reported an 18.5 % increase in their quarterly profit with earnings of $763 million. Best Buy revenue rose 21 % to $12.9 billion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/achievemax.com\/blog\/2007\/04\/18\/best-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Circuit City Ordeal Continues - AchieveMax\u00ae Blog\" \/>\n<meta property=\"og:description\" content=\"Best Buy reported an 18.5 % increase in their quarterly profit with earnings of $763 million. 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