Circuit City had its beginning in 1949 when owner Samuel Wurtzel opened up a retail television store named Ward's in Richmond, Virginia. After modestly expanding its operations over the next few decade, Ward's officially became Circuit City in 1984.
Since then, Circuit City has expanded to over 800 stores nationwide and more than a dozen international outlets. However, In 2007, the retail consumer electronics company went through some difficult financial times, culminating in the firing of approximately 3,400 employees and closing of dozens of stores. The employees let go were apparently making more than market salary.
In the United States, Circuit City's main competitor is Best Buy.
Latest blogosphere posts tagged “circuit city”
Wall St. Cheat Sheet — Authority: 554
Beware of the well-known companies that everyone regards as “official growth stocks.” These institutional favorites generally have already experienced their best earnings growth and are too obvious once they are officially termed growth stocks. Circuit City was a pioneer in the “superstore” space; the stock ...1 week ago
The true test of a great brand: Would anyone care (or notice) if it was gone? If your company vanished tomorrow, would any customer miss you? If you’re not making that sort of meaning, you need to up your game, add more value, or find a better horse to ride. P.S. A great test: Would anyone wear your logo if your ...2 weeks ago
WE TALK today — Authority: 100
She was hot and mad because she had to wait. My client recently told me about a customer who was ticked off because she had to wait in line to check out to buy a gift certificate. I said “How many people were in front her?” One person. She didn’t want to wait. Our system [...]3 weeks ago
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