Circuit City Reschedules Black Friday for This Wednesday
Black Friday, the beginning of the traditional Christmas shopping season, will kick off far earlier than usual this year, thanks to Circuit City. In the aftermath of a particularly nasty second-quarter loss and a 95 percent decline in share price, the long-suffering electronics retailer said today it is shuttering 155 of its stores across 12 U.S. markets and sacking 17 percent of its domestic workforce.
Thursday, October 23, 2008
Amazon. Earth’s Biggest Bookstore Disappointment
Are online sales largely recession-resistant? Not according to Amazon’s latest earnings. Though its third-quarter profit rose 48 percent from the same period last year on revenues of $4.26 billion, the Internet retailer lowered its full-year sales outlook. By $1 billion.
Monday, October 20, 2008
And Be Sure to Give Our Best to CompUSA When You See It
Circuit City’s latest ad campaign ends with a “We’ll Hook You Up” tagline. Its marketing message was presumably meant to refer to good prices, but today it’s referring to something else: layoffs. The long-suffering electronics retailer is reportedly considering a plan to shutter at least 150 stores and sack thousands of employees.
Thursday, October 16, 2008
And Finally, We’d Like to Thank the Academy, Whose Total Lack of Foresight Made All This Possible
Not only is iTunes the world’s largest music retailer, it’s apparently also the world’s most popular online TV store. This according to proprietor Apple, which said today that iTunes has sold some 200 million TV episodes.
Monday, September 22, 2008
Game Over, Schoonover
Quite a legacy Philip Schoonover built over at Circuit City, eh? He announces his resignation as chairman and CEO and, bang, the company’s stock spikes almost 10 percent in extended trading. Seems leaving Circuit City was the best thing Schoonover has done for the struggling consumer electronics retailer since he accepted the CEO gig in 2006.
Thursday, September 11, 2008
Amazon.com: Earth’s Biggest Hangover
“Earth’s Biggest Bookstore” in the late 1990s, Amazon is today Earth’s Biggest Magazine, Music, Video, Electronics, Apparel and Accessories Store. And soon it may well be earth’s biggest wine store, as well. Now that winery-to-consumer shipping is legal in 45 states, Amazon is getting into the wine business.
Friday, August 15, 2008
Citigroup Analyst Eligible for Remedial Kindlegarten?
How well is Amazon’s Kindle electronic book reader really doing? Well, according to Citigroup’s Mark Mahaney, whose analytical prowess enables him to extrapolate sales figures from little more than Kindle’s sales ranking on Amazon’s Web site and from the number of customer reviews it has received, the Kindle is doing quite well. But according McAdams Wright Ragen analyst Tim Bueneman, who’s actually, you know, spoken with some Amazon officials, it might not be selling as well as Mahaney claims.
Wednesday, July 2, 2008
Microsoft: We’re Taking Software Off the Desktop and Moving It to … Circuit City
Microsoft is moving desktop computing to the cloud, but if you want to come along, you’ve got to change planes at Circuit City.
Friday, June 6, 2008
Intel Announces Unprecedented Growth in Antitrust Investigations
What a lousy week for Intel, yeah? First Korea’s Fair Trade Commission fines the company $25 million for abusing its dominant market position in the country and offering discounts to PC makers in an effort to drive rival AMD out of the market. And now Federal Trade Commission has opened a formal investigation into its pricing practices.
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About John
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Ethics Statement
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
alt.misc
- Godzilla’s Food, Exercise, and Dream Diary
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183. - Scenes From An Alternate Universe Where The Beatles Accepted Lorne Michaels’ Generous Offer
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
- The Golden Age of Video
Best video mashup ever.
- I’m not dead yet
A Facebook Memorial
- Pulp Fiction Audio Mix
Wow.
- A world without the Internet
Worth it for the Rickrolling photo alone.
- Google Wave Cinema: Pulp Fiction
Excellent.
- Dead Fly Art
Flughumor!
- Happy Birthday Monty Python …
… you vacuous, toffee-nosed, malodorous perverts
- ‘You are being shagged by a rare parrot’
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
