Circuit City filed for Chapter 11 bankruptcy on November 10, 2008, and announced a restructuring plan that included closing 155 stores.
How long did Circuit City last?
63 years
Circuit City The final day of operation was March 8, 2009. Systemax bought the Circuit City name, trademarks, and e-commerce website at auction out of bankruptcy. In November of 2012, Systemax consolidated under the TigerDirect brand and the use of the Circuit City brand name ended after 63 years.
Who bought out Circuit City?
Systemax
1989: “Circuit City Express“ was introduced in a mall based format in over 55 locations. 2009: Systemax (Sym) acquired the Circuit City brand name, trademarks, and e-commerce website.
When did Circuit City stores start closing down?
… 1. Circuit City Stores, Inc. List of Closing Stores January 16, 2009 Liquidation sales began at the following list of Circuit City stores on January 17, 2009. Closing sales will run as long as it takes to sell existing inventory but are expected to wrap up by the end of March, 2009.
How did Circuit City try to turn around its business?
Still Circuit City took arduous steps in an attempt to turn around its struggling business. In 2008, it defused a proxy battle, opened its books to potential buyers like Blockbuster Inc., changed management, closed stores in some locations and tested smaller concept stores in others.
Is the Circuit City still open on Black Friday?
It’s been so long since Circuit City was among the retailers badgering people this time of year to hit the Black Friday door-busters that most people have probably forgotten it was even there. There was a time when that was unthinkable.
Who is buying Circuit City stores in Canada?
While the electronics retail giant as it has been known for years will be gone, the Circuit City name may still live on. Telecommunications company Bell Canada is buying a chain of 750 The Source by Circuit City electronics stores across Canada operated by the company’s InterTAN subsidiary.
