Circuit City Gives Up
Good for Best Buy... Or is it?
The over-head on these stores is so immense that they just can't compete with places like Fry's Electronics or online retailers of any kind. Circuit City never really had good prices or memorable service and quite frankly, I almost never shopped there. Last year just before CompUSA closed, an employee told me that their monthly rent was $60K alone. I'm sure the operating costs would double that number easily per month which is a staggering number.
Best Buy stands to benefit from these closures in the short term, but they also have huge ...
Plus there's no tax online, and on orders over $25 shipping is free at Amazon.
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