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Many Circuit City stores were out-of-date and in bad locations, unable to compete with newer Best Buy stores. In 2000, Circuit City moved away from the Superstore showroom format and introduced a new more self-service "Big Box" format called "Horizon." The new format eliminated the red tower entrances and moved the entrance to the center of the ...
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.
Starbucks said in 2017 that it planned to close all 379 of its underperforming Teavana stores, but mall operator Simon Property Group sued to keep 77 mall-based stores open.
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A Tale of Two Cities: The Circuit City Story is a documentary produced, directed, and edited by Tom Wulf. 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 ...
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In 1999, Service Merchandise closed their store and the long side wing leading to it was emptied out. The following year, the mall big-boxed the wing, turning much of it into an Old Navy store along with replacing Service Merchandise with a Circuit City store. After the departure of Bradlees in 2001, the store's former lot remained vacant until ...
The financial meltdown forced some banks to close (Lehman Brothers, Bear Stearns) and others to be acquired (Merrill Lynch, Washington Mutual), leaving hundreds of bankers, brokers and assistants ...