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Around the city Department Stores filed for bankruptcy protection the United States the fact that means that the financial crisis, the overseas market is no longer Business side of paradise With the financial crisis continues to expand the scope of the consumer electronics market is caught in the worsening bad living environment! 2008 11 11, the second-largest U.S. electronics retail stores around the city Department Stores (CircuitCityStores) be forced to break the capital chain, helpless to the court for bankruptcy protection. According to bankruptcy papers, the department stores around the city in the United States and Canada were originally owned 721 and 770 stores (in Canada's business also in the Ontario court for bankruptcy protection), but by the end of October that it had closed the door 155 in the U.S. shop, lay off 17% (about 6800 people). As of August 31, this store has assets of 3.4 billion U.S. dollars, while undertaking more than 100,000 creditors a total of 2.32 billion U.S. dollars in debt. Department stores around the city filed for bankruptcy protection is still open, and hope can turn around in the first half of 2009, but the industry is worried that it will eventually escape the fate of clearance sale. Who hold these views that the previous May, filed for bankruptcy protection in U.S. home goods retailer Linens'nThings also have similar hopes, but unable to do so. And another smaller-scale electronics chain Tweeter filed for bankruptcy protection after being closed down was broke the news. No one on the future of department stores around the city have too much hope, because this financial crisis is so fierce, see if less than the dawn of the end. But one thing is make sure the people, the global consumer electronics market is about to usher in the most bleak period of time. It is reported that the current situation around the city department of electronic products manufacturing enterprises may be adversely affected?? In its outstanding debt, there are 650 million U.S. dollars belonging to appliance vendors, including Hewlett-Packard accounted for 118.8 million U.S. dollars, Accounted for 115.9 million U.S. dollars, Sony is also 60 million U.S. dollars. And including Lenovo, Haier, etc., many domestic companies in the list of creditors. Including China Electronic Chamber of Commerce, including Deputy Secretary-General Lu Renbo some market analysts worry that the financial crisis would hit overseas Cuikulaxiu trend to continue electronic stores, thereby reducing the related domestic manufacturers export. They believe that only domestic manufacturer of electronic products based on the domestic, it may go through this difficult period. Founded in 1949 around the city department store based in Richmond, Virginia, United States, it had first electrical Marketing 4S model: Service (Service), fine (Selection), savings (Savings) and satisfaction (Satisfaction) and from this rapidly expanding marketplace. But in just the past six quarters, it has five-quarter loss, and has been since January 2007, the stock has shrunk 99%, which is less than 50 cents! In July this year, poor performance of department stores around the city is also interested in acquiring it had scared off the movie rental company Blockbuster. 11 11, filed for bankruptcy protection in department stores around the city coming out of the news, the market analysts JefferiesCo analyst DanBinder possible way for it to guess the future. He said, you can opt out of the Big Mac, for some people to buy its brand and several hundred stores. Of course, it can re-form a scale smaller regional companies. "Industry leader Best Buy and Wal-Mart and other retailers will replace its market share, benefit from." Around the city are having not only the department store, Best Buy, Wal-Mart the same industry are feeling defenseless. Stores around the city, Vice President and Chief Executive Officer JamesA.Marcum recently pointed out, because the global credit crunch, electronics suppliers are forced to change its practices, have asked vendors to ensure payment when getting goods in place. At the same time, the inevitable outcome of the financial crisis?? Jobs, reduce overall spending power of the community. We are high quality suppliers, our products such as bosch test bench , energy meter test bench Manufacturer for oversee buyer. To know more, please visits common rail test bench.
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