circuit city

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.

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Latest blogosphere posts tagged “circuit city”

 

• Long Island retail rents, occupancy rebound

  
  — Authority:
  Though pummeled in the last four years by store closings, consolidation and the exodus of big national chains like Circuit City and Borders, retail real estate on Long Island has been quietly making a comeback. Asking rents grew a strong 10 percent in the past year, while vacancies dipped to just over 5 percent in ...
  3 days ago

• Mall at the Source nearly empty

  
  — Authority:
  Known as Simply Cell for nearly six years, Chris Depardieu recently changed the name of his struggling mobile phone accessories kiosk to try and change its luck. It didn’t work. Now called Street Talk, Depardieu’s business is one of the rapidly shrinking number of tenants still holding down the fort at the ...
  3 days ago

• Storing the credit card fee

  
  — Authority:
  Store credit cards can be a blessing and a curse. If you keep the credit card wisely, can be helpful in your daily budget. However, if you carry a balance on the card store credit you can get yourself in more debt than they can handle. Therefore, assessing the pros and cons of a credit card before applying for the ...
  4 days ago

• 7 Reasons Best Buy Wont Be Around in 7 Years

  
  — Authority:
  Filed under: Best Buy , Market News The hunt is on for Best Buys ( BBY ) next CEO. It wont be an easy job to fill. Just because Best Buy outlasted Circuit City and several smaller consumer electronics retailers doesnt mean that it won. Best Buy has an ambitious plan of closing down some stores, updating others, ...
  4 weeks ago

• More evidence that the era of big box retailers is over

  
  — Authority:
  Major economic bellwether UPS reported mixed results this morning, but saw strength in online retail sales.   In fact, the company attributed much of its growth in the U.S. to a surge in online sales. “Daily volume for deferred products jumped 9.9% and UPS Next Day Air volume climbed 5%, driven primarily by ...
  4 weeks ago

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