CC isn’t the first electronics chain to bite the dust, and won’t be the last.
Sun TV, Silo, Kelly and Cohen, the Appliance Store have all gone down that same path.
Something about that industry. But still, someone else will rise to take CC’s place.
It’s a low margin high product turn over high competition industry. Burns through companies fast.
They sell commodity items that aren't usually impulse purchases. If I want a Samsung model XXXXX TV, it will be exactly the same at CC, Best Buy, HHGregg, Wally World, a ton of internet stores, etc. I have time to shop around and find either the best price or best service, and I didn't find either at CC unless they were having a good sale. The main thing I bought at CC in the past couple years were DVDs on sale, especially their $5 bin.
I'm glad I made it clear that I didn't want a CC gift card at Christmas because of their financial problems.