Circuit City

Circuit City

Circuit City Stores, Inc. was a former retailer for software and consumer electronics. The company opened with its first store in 1949, and has since closed after filing for bankruptcy.

About Circuit City

Circuit City Stores, Inc. (former NYSE ticker symbol CC) was an American retailer in brand-name consumer electronics, personal computers, entertainment software, and (until 2000) large appliances. The company opened its first store in 1949, pioneering the electronics superstore format in the 1970s. Circuit City liquidated its final American retail store in 2009, following a bankruptcy filing and subsequent failure to find a buyer. The 'Circuit City' brand is now owned by Systemax, which uses the brand to sell electronics as an online retailer, CircuitCity.com. On May 11, 2009, Systemax purchased the brand, trademark and e-commerce business at an auction from Circuit City Stores, Inc. Systemax had earlier acquired CompUSA and TigerDirect which now operate as online retailers. Systemax, in April 2009, signed a stalking horse agreement for $6.5 million which is an initial offer for the bankrupt company's assets. At the time of liquidation, Circuit City was the second largest U.S.

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