Circuit City Stores, Inc. was an American retailer in brand-name consumer electronics, personal computers, entertainment software, and large appliances. The company opened its first store in 1949 and pioneered the electronics superstore format in the 1970s. Circuit City liquidated its final American retail stores in 2009 following a bankruptcy filing and subsequent failure to find a buyer. The "Circuit City" brand is now owned by Systemax, which uses the brand to sell electronics as an online retailer, CircuitCity.com. On May 11, 2009, Systemax bought the brand, trademark and e-commerce... business at an auction from Circuit City Stores, Inc. Systemax had earlier acquired CompUSA and TigerDirect which now operate as online retailers. Systemax in April 2009 signed a stalking horse agreement for $6.5 million which is an initial offer for the bankrupt company's assets. At the time of liquidation, Circuit City was the second largest U.S. electronics retailer, after Best Buy. There were 567 Circuit City Superstores nationwide, ranging in size from 15,000 to 45,000 square feet , when the company announced total liquidation.
more
| Founded: | 1949 |
| Headquarters: | Richmond, Virginia |
| Annual revenue: | $12,429,800,000 |
| Net income: | $142,900,000 |
| Operating income: | $268,200,000 |
| Industries: | Retail, Radio, Television, and Consumer Electronics Stores |