Oct 29
CEO Explains Why Crutchfield Will Weather the Economic Storm
Hat tip to Chad White’s Retail Email Blog for finding this email from Crutchfield’s CEO Bill Crutchfield, which is also available on the Crutchfield website.
As Chad puts it: “In light of Circuit City’s woes, Crutchfield wants to reassure their customers that they are well-positioned financially to survive the current recession—and therefore safe to shop at this holiday season. They have a pretty reassuring story to tell.”
Dear Valued Customer,
The international financial crisis is weighing heavily on all of us. As consumers, one factor that we all need to consider is the stability of the companies with whom we do business. In the current economic climate, many retailers will stumble and some will even fail. For that reason, I personally want to explain Crutchfield’s unique situation.
For many years, I have been concerned about the growing credit bubble. It was obvious to me that it was unsustainable and […]