Comments on: News and Blogs: Monday, November 10, 2008 http://www.consumerismcommentary.com/news-and-blogs-monday-november-11-2008/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Mon, 13 Feb 2012 01:22:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Rassah http://www.consumerismcommentary.com/news-and-blogs-monday-november-11-2008/comment-page-1/#comment-185883 Rassah Tue, 11 Nov 2008 15:59:59 +0000 http://www.consumerismcommentary.com/?p=4518#comment-185883 My capstone financial research project at my University in the second semester of 2007 (Sep to Dec 2007) was on Best Buy. One of the components of the project was our company's competitors, which included heavy research into Circuit City. From what we found out, Circuit City was in deep financial trouble, with decreasing sales, since way back then. They were doing so bad, in fact, that one of the possible strategies for Best Buy was to buy up a bunch of Circuit City stores and convert them to Best Buys, or buy Circuit City outright. That Circuit City went bankrupt is no surprise at all, considering their situation, and it's difficult to say whether they would not have went bankrupt even if the economy was still stable. Best Buy, on the other hand, was doing exceptionally well, and although I am sure they were hurt by the economy just as everyone else, I'm sure they will continue to be strong. My capstone financial research project at my University in the second semester of 2007 (Sep to Dec 2007) was on Best Buy. One of the components of the project was our company’s competitors, which included heavy research into Circuit City. From what we found out, Circuit City was in deep financial trouble, with decreasing sales, since way back then. They were doing so bad, in fact, that one of the possible strategies for Best Buy was to buy up a bunch of Circuit City stores and convert them to Best Buys, or buy Circuit City outright. That Circuit City went bankrupt is no surprise at all, considering their situation, and it’s difficult to say whether they would not have went bankrupt even if the economy was still stable.
Best Buy, on the other hand, was doing exceptionally well, and although I am sure they were hurt by the economy just as everyone else, I’m sure they will continue to be strong.

]]> By: Aya @ Thrive http://www.consumerismcommentary.com/news-and-blogs-monday-november-11-2008/comment-page-1/#comment-185860 Aya @ Thrive Mon, 10 Nov 2008 19:40:39 +0000 http://www.consumerismcommentary.com/?p=4518#comment-185860 It gets me restless to think about big stores like Circuit City filing for bankruptcy. It was concerning when Starbucks started closing stores, but then again, they had too many in the first place. I wonder how Best Buy is holding up, the factors that went into CC's decline must be affecting them too. The NYTimes article is interesting; I always feel like openly discussing finances in tough times is taboo in the family even though its so necessary to talk it out. This might be one reason why many young people drown in credit card debt. In any case though, both kids and parents should acknowledge the crunch together and help each other in any way possible. It gets me restless to think about big stores like Circuit City filing for bankruptcy. It was concerning when Starbucks started closing stores, but then again, they had too many in the first place. I wonder how Best Buy is holding up, the factors that went into CC’s decline must be affecting them too.

The NYTimes article is interesting; I always feel like openly discussing finances in tough times is taboo in the family even though its so necessary to talk it out. This might be one reason why many young people drown in credit card debt. In any case though, both kids and parents should acknowledge the crunch together and help each other in any way possible.

]]> By: Flexo http://www.consumerismcommentary.com/news-and-blogs-monday-november-11-2008/comment-page-1/#comment-185854 Flexo Mon, 10 Nov 2008 17:56:01 +0000 http://www.consumerismcommentary.com/?p=4518#comment-185854 Sun: I was getting ahead of myself, apparently. Thanks! Sun: I was getting ahead of myself, apparently. Thanks!

]]> By: Sun http://www.consumerismcommentary.com/news-and-blogs-monday-november-11-2008/comment-page-1/#comment-185852 Sun Mon, 10 Nov 2008 17:19:49 +0000 http://www.consumerismcommentary.com/?p=4518#comment-185852 Flexo: It's still Monday, November 10, 2008 :)http://www.thesunsfinancialdiary.com/ Flexo: It’s still Monday, November 10, 2008 :)http://www.thesunsfinancialdiary.com/

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