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- Stock symbol: CCYahoo finance: [1]
- 2008 revenue: $11.74 billionYahoo!Finance: Income Statement
- Founder: Samuel S. WurtzelCircuit City: Company FAQ
- Year established: 1949Circuit City: Company FAQ
- Industry: Consumer electronics
- Phone: 804-486-4000
- Fax: 804-527-4164
- HQ: Richmond, VirginiaCircuit City: Company FAQ
- President & CEO: James A. MarcumCircuit City: Senior Management
- CFO: Bruce H. BesankoCircuit City: Senior Management
- COO: John T. HarlowCircuit City: Company FAQ
- Filed for Chapter 11 bankruptcy protection and closed 155 stores in November of 2008MarketWatch: Circuit City to shut 155... (November 3, 2008)
- Announced liquidation and closure of remaining 567 stores in January of 2009Fox 12: Circuit City to liquidate remaining US stores (January 16, 2009)
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Circuit City was a publicly traded electronics retailer specializing in computers, television, home entertainment, video games, cameras, movies, music and audio equipment.
Circuit City Stores, Inc., announced in January 2009 that it would liquidate all 567 of its stores after failing to find a buyer or a refinancing deal.Fox 12: Circuit City to liquidate remaining US stores (January 16, 2009) At midnight, March 8, 2009, the 567 stores will close their doors for the last time.Reuters: Lights go down on Circuit City stores (March 8, 2009)
Key Dates
- 1949: Wards Company foundedFunding Universe: Key Dates
- 1961: Goes publicFunding Universe: Key Dates
- 1969: Acquires Custom Electronics, Inc.Funding Universe: Key Dates
- 1974: Opens Wards Loading Dock electronics superstoreFunding Universe: Key Dates
- 1981: Stores renamed Circuit City Superstores.Funding Universe: Key Dates
- 1984: Company renamed Circuit City Stores, Inc.Funding Universe: Key Dates
- 1986: Divests non-Circuit City operationsFunding Universe: Key Dates
- 1989: Begins selling personal computersFunding Universe: Key Dates
- 1993: Launches CarMax, used car retailerFunding Universe: Key Dates
- 2000: Stops selling appliancesFunding Universe: Key Dates
- 2002: CarMax goes publicFunding Universe: Key Dates
- 2004: Acquires MusicNow, Inc. and InterTAN, Inc.Funding Universe: Key Dates
- 2008: Closes 155 stores in an attempt to preserve cash and return to profitabilityMarketWatch: Circuit City to shut 155... (November 3, 2008)
- 2009: Announces the closure and liquidation of remaining 567 U.S. storesFox 12: Circuit City to liquidate remaining US stores (January 16, 2009)
Bankruptcy and Liquidation
It was announced in November 2008 that Circuit City would be closing 155 of its stores and file for Chapter 11 bankruptcy to address deteriorating liquidity brought on by the global credit crisis.MarketWatch: Circuit City to shut 155... (November 3, 2008) CNET: Circuit City files for bankruptcy After failing to find a buyer or fund a refinancing deal, the company announced in January of 2009, that it would be closing its remaining 567 U.S. stores and liquidating all remaining merchandise.Fox 12: Circuit City to liquidate remaining US stores (January 16, 2009)-
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Circuit City on Amazon
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Nexxtech DVD-Rom Drive (16x DVD-Rom & 48x CD-Rom) - $46.95
DVD-Rom Drive, 16X DVD-Rom, 48X CD-Rom, Microsoft Windows, 98SE/ME/2000/XP, Support Format: DVD-Rom, DVD Video, CD-DA, CD-Rom, Video CD, Photo CD, CD-Text, CD Extra.Amazon
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Bobby Labonte #18 Interstate Batteries Circuit City MBNA 2000 Champion Hood Open 2 Car Set Color Chrome & Regular 1/64 and Collector Tin Revell Collection - $12.99
This is a sharp looking 2 car collector's Revell Collection set featuring Bobby Labonte's championship in 2000....One car is a color chrome car and the other a regular paint finish...Amazon
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Roundtrip (Circuit City) - $17.98
Circuit City Exclusive comes with an exclusive free download from Kirk Whalum!Amazon
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Circuit City Questions
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Are the Circuit City liquidation sales as bad as everyone is saying they are? 6 AnswersI went last Sunday and the deals were pathetic. There were plenty of people in the store but nobody was buying anything because a 10% discount on most items ju... read more -
Will electronic circuits be printed as plastic circuits? 1 AnswerThere isn't currently a proliferation of electric circuits?! Although there is alot of potential in carbon nanotubes for the moment we cannot 'print' them. Curr... read more -
What is the history of the electric circuit? 1 AnswerJack Kilby and Texas Instruments received U.S. patent #3,138,743 for miniaturized electronic circuits. Robert Noyce and the Fairchild Semiconductor Corporation ... read more -
Why do circuits continue to be reliable when some quantum tunneling occurs? 2 AnswersBecause there are a great many electrons involved. Quantum tunneling happens to a few electrons at a time. An electrical circuit running a 5 milliamps involve... read more
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Circuit Competitors
- Best Buy Co. Inc.: Official Site
- RadioShack: Official Site
- Wal-Mart Stores Inc.: Official Site
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On Twitter Powered by Twitter
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RT @mi_chellea 8 brands that came to an end in '09....oh how I miss Circuit City & Gourmet http://bit.ly/4xKhQk
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8 brands that came to an end in '09....oh how I miss Circuit City & Gourmet http://bit.ly/4xKhQk
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Thinking of when I was a manager at Circuit City working 70 to 80 hours before Xmas. Tip of the hat to all of the hard workers! #christmas
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I Miss Nobody Beats The Whiz, Circuit City, Crazy Eddie's & that carzy ex-girlfriend of mine who melted my cell phone in the microwave!
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Circuit City outta business after 60 yrs...
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