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On November 10, 2008, InterTAN sought protection from its creditors, after Circuit City filed for Chapter 11 bankruptcy. Circuit City announced on January 16, 2009, that its namesake U.S. stores would be liquidated. The Source was not affected by the announcement, and a process followed to sell the Canadian operations as a going concern. [1]
InterTAN Canada Ltd. was a Canadian consumer electronics retailer based in Barrie, Ontario, that operated stores under the banner "The Source by Circuit City" and a single "THS Studio" location. The Rogers Plus chain was previously operated by InterTAN on behalf of Rogers Communications ; the chain is now managed directly by Rogers.
Circuit City stopped selling wireless phones with all other carriers due to the agreement. [31] [32] In April 2004, Circuit City announced its purchase of Canadian retailer InterTAN. Circuit City paid approximately US$284 million for InterTAN's 980 stores, which operated in Canada under the trade names RadioShack, Rogers Plus, and Battery Plus ...
The demise of Circuit City wasn't a herald of an industry consolidating in order to grow, but rather, a warning of an unsustainable business model that has since left rivals from RadioShack to ...
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Circuit City – filed for bankruptcy in 2008 and liquidated on March 8, 2009; [83] [84] [85] reopened online through Tiger Direct in April 2009; closed again in late December 2012; intellectual property was sold again to Circuit City Corp. in January 2016, which plans to open an online operation and retail stores; CompuAdd – bankrupted in ...
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Subsequently, Circuit City filed for bankruptcy on November 10, 2008, and, after liquidating all of its stores, ceased operations on March 8, 2009. [77] At the beginning of 2010, Blockbuster had over 6,500 stores, of which 4,000 were in the U.S.— [78] a number that fell to 3,425 in late October the same year. [79]