Circuit City

CIRCUIT CITY For this project, we were required to choose an organization or meeting that has faced business ch tout ensembleenges or a downturn in financial performance. We chose enlistment metropolis, because as of less than both days ago, dress circle city closed all of their businesses nationwide and is unaccompanied an online electronics broth at a time. We then went into further head about what tour of duty City used to be, what some of the decisions that caused rophy City to go bankrupt, how these decisions affected the company, what we believe Circuit City should have through differently, and how our recommended choices would have benefited the company. To start off we desireed to stomach a full background on what Circuit City was and how they operated. In 1949, Samuel S. Wurtzel opened a national appliance and tv set store named Wards follow in Richmond, Virginia. Through the next 10 long time Wurtzel acquired three more stores so that by 1959, there were quatern Wards Company stores grossing $1 million annually. In 1961, Wards Company offered, for the branch time ever, 110,000 shares of the company for $5.38 per share. By 1968, Wards Company expanded to the American Stock Exchange, offering 1,700 shares at $19.75 per share. By 1983, Wards Company had acquired numerous stores across the country and was now grossing $250 million.

In 1984, Wards Company changed their name, and Circuit City Stores Inc. was born. Circuit City was now listed on the rising York Stock Exchange (NYSE) (nydailynews.com). What exactly was Circuit City you may ask? Circuit City was fundamentally the same as the current electronics super reta iler, Best Buy, marketing your average elec! tronics interchangeable computers, televisions, CDs, DVDs, and many some other products. However, they did sell home appliances, which made them seem more akin a Sears also. By 1996, Circuit City had fully positive and implemented CarMax, which was a retail venture that involved selling used vehicles. In 1999, Circuit City went online; annual gross revenue were now in...If you want to get a full essay, fiat it on our website: OrderEssay.net

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