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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 ...
Check out your favorite stores from the '90s that are closed today. From The Limited to Wet Seal, these stores were staples at every mall in the 1990s.
Circuit City Corporation, Inc., formerly Circuit City Stores, Inc., is an American consumer electronics retail company, which was founded in 1949 by Samuel Wurtzel as the Wards Company, operated stores across the United States, and pioneered the electronics superstore format in the 1970s.
The documentary chronicles the entire 60-year history of the Richmond-based retailer Circuit City. The documentary traces the defunct retailer from its humble beginnings as the family-owned Wards TV, to its rise to become the nation's largest specialty retailer of consumer electronics, to its downhill slide into bankruptcy and liquidation in 2009.
The closing locations were chosen based upon their overall performance, profitability, and proximity to competitors such as Best Buy, Fry's Electronics, Micro Center, and Circuit City. This first round of closings reduced the number of stores to less than half of its previous number.
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Fretter also attempted to bill its stores as superstores, with a marketing strategy similar to that of Circuit City and Best Buy. However, the smaller size of its Silo and Fretter's units (10,000 to 15,000 square feet, as opposed to 35,000 square feet or more for a typical Circuit City store), made this an untenable strategy.