My heart goes out to Circuit City today. They failed to overcome their harsh business environment and have been forced to liquidate their American holdings, putting 35,000 more people into the unemployment lines.
It’s a tough market and the consumer and electronic goods they sell have thin profit margins. Next time you go to Best Buy and get offered $70 insurance for your $50 iPod Nano, don’t be insulted: be glad you’ve been given a chance to help a struggling organization survive.
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