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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. [2][3] After multiple purchases and a successful run on ...
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]
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 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 ...
Circuit City, the struggling Big Box electronics retailer, announced earlier this week that it will be closing some 20% of its North American stores in an effort to regain profitability. It will ...
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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 ...
Anything that wasn’t on the official inventory sheets was to be discarded". [1] In 1981, Lafayette Radio entered Chapter 11 bankruptcy. [1] Several Lafayette stores were purchased by Circuit City of Richmond, Virginia. Of the 150 stores that Lafayette had once owned, eight stores remained when Circuit City took over.