Dryden on 22 January 2009
| Spankey said: Hmmm. Perhaps Electronics division should have a fire-sale to move some of that stagnant inventory After all, getting some money back is probably better than getting no money at all |
One area where Sony got hit really hard was the closing of Circuit City. Back in October when the banking system unraveled and it became apparent that Circuit City was busted, Sony stopped delivery to CC out of fear that CC's line of credit was going to dry up and Sony would not get paid. Those fears proved correct.
Sony manufactured quite a few million units of everything for America's second largest retailer in anticipation of Black Friday, then abruptly had to take all the product back.
