When the Circuit City electronics superstore opened in Torrington, CT last year, I wanted to cheer — I was familiar with Circuit City’s reputation for selling top-notch electronics, and I often wished that a store like that could be in my neighborhood, or at least close to it. I even visited it several times last year — though I should point out that I didn’t buy a TV, VCR, DVD, or any other forms of electronics during my infrequent visits there. I should also point out that I wasn’t in much of a position — financial and otherwise — to buy any electronics (and anyone reading my blog entries over the past year already knows why).
After learning that Circuit City will go out of business for good, including closing up its remaining stores (including the one in Torrington), I have a sinking feeling that there won’t be a new electronics superstore coming to my area in the near future — and considering the current global economic situation that’s affecting the business world, it was inevitable that Circuit City, with its troubled history, would fall like a house of cards. Given what we already know about the current situation, I doubt that there’ll be a winner emerging from Circuit City’s financial collapse in the near future — but then, everybody is already suffering as a result of this financial crisis, including the soon-to-be unemployed Circuit City executives and employees, for which my heart bleeds.
There has already been much talk about what might have been, could have been, and should have been, as far as avoiding the financial mess that the business world’s currently in — and like other events in history, few saw it coming, but the rest of the world ignored its warnings. Let’s hope that after this upcoming January 20th, things will — hopefully — take an economic turn for the better. In an already-troubled decade, let’s pray that it ends on a positive note — and beyond our expectations.
January 17, 2009