Originally Posted by TowerGrove
Circuit City's downfall started when Dickie Sharp took over and brought the world DIVX and continued thru the rest of his tenure of poor management at the concern.
I remember them jumping the shark when they fired all the commissioned sales people out of the blue and hired or rehired substitutes at minimum wage it seemed. They had troubled relationships with vendors as well when HDTV prices fell and really did not manage many things well for major consumer electronics inventory.
They were hit hard in cash flow at the start of the great recession.