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Well, these fools followed the line of firing all their experienced professionals, and replacing them with kids. 3 or 4 big waves of that sort of thing from about 2003 through 2007. All they did was hasten the commoditization process for their products, while leaving customers asking why they should spend big money at the store. And you run into lots of people who won't shop there anymore, and I hear of ex CC people speaking out at churches. Yes, there still is a social justice movement.
Of course, it took CC about 4-5 years to can previous CEO McCullough, who took them from industry leader to an also ran. And they gave him what looks like 10 million $$ to leave. Sure sounds like HQ should be renamed Croni-ism incorporated.
Then the new disaster Schoonover took over as CEO. His job was to make them successful again. And he was responsible for the 2nd, 3rd, and more subtle 4th wave of firing good people. Now under his reign, the stock has gone from $25 to $40c. And the approx 600 mil they had in the bank some years ago is disappearing, it may be down to $90 mil. That is only about $135k/store. Meanwhile I saw the Schoonover is getting about 1.8 million $$ as a going away present. I think he ought to be sued. By employees and stockholders.
And isn't it about time that employment contracts for management be outlawed, period. They can fire tens of thousands at a whim, so why shouldn't they be subject to "employment at will", instead of gettingt big bonuses for getting lost?.
The scuttlebut is that they are going to close as many as 200 stores, probably after Xmas, though the date is a guess. And someone told me that they have also marginally raised the salary cap for sales people from near starvation to not quite starvation.
We'll see what happens. But there ought to be a law that those who run these companies into the ground ought to pay, not be paid. Or perhaps they can be $12/hour supervisors, without the weight of a $10B corporation on their shoulders.
It's because the website is
It's because the website is a website, not a catalog of what is in the store.
I'm really not sure why people assume the price would be the same from the web to the store... I guess we know what happens when you assume. Most other retailers' sites are not indicative of the in-store price, so Circuit is actually pioneering here for a change.
I would think it would be obvious to you that a website has less overhead than a store...