In fiscal 2000, Circuit City was at the very best of its game. The leading consumer electronics retailer in the world had delivered record sales along with profits for the initial year of the new millennium. It was an appropriate moment for the Richard Sharpe, the CEO for the preceding 14 years to reliquish from his post.
Over his tenure, sales had grown 18 times and operating profits 13 times. In June 2000, Alan McCollough succeeded him as CEO. A 12 year veteran of Circuit City, McCollough expressed confidence later on, mentioning tendencies including the digitization of televisions, music players, and cameras. But challenges loomed from the competitive reduction sector. Was Circuit City powerful as its financial results suggested? Would it be capable to keep momentum and retain its leadership?
PUBLICATION DATE: June 29, 2012 PRODUCT #: 713401-HCC-ENG
The Rise of Circuit City Stores, Inc. Case Study Soluton
This is just an excerpt. This case is about STRATEGY & EXECUTION
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