It’s the Day Before Black Friday

November 27, 2008 · Posted in Corporate Finance, Rants · Comment 

It’s the day before the big day, and I imagine that everyone is getting ready to hit the sales tomorrow morning.  All the while I read the economic reports that suggest fewer and fewer people are going out to buy big this year.  Funny, though, the retailers believe that with all the economic news discounting heavily will bring them out to buy things that they may or may not need and save their year.  I don’t think they’re too wrong, but I believe that they’re missing a very important part of black Friday – the profitability.\

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Do “Going out of Business” Signs Make Consumers Stupid?

November 5, 2008 · Posted in Corporate Finance · Comment 

Most anyone that hasn’t been living under a financial rock probably already knows that we’re having a tough time in the American economy right now, and most of you probably also know that Circuit City is having a tougher time than most.  If you’ve shopped at their stores in recent months you already know why, but their poor quality service is becoming legendary in the industry.  But, all that aside, they’re making an effort to “return to profitability,” which I translate into “get some money back for our investors before we close our doors forever.”  They’re doing this by cutting back and closing some stores.  Here in my area they’re closing most of their retail presence and I’m thinking good riddance, btu that’s where my rant begins.

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