Thursday, 28 January 2016 16:05
The once famous Circuit City electronics store looks like it might be getting a second chance after going belly up back in 2008. A new company has bought the name from Systemax (who bought it out of bankruptcy) and is looking to open 50-100 corporate stores and another 100-200 franchised stores. I guess the fact that Best Buy is closing stores and RadioShack is dead doesn't scare them too much but it will be interesting to see if they can actually pull this one off. Engadget has the story.
RadioShack's recent demise isn't keeping Circuit City from getting back into the retail business. According to Twice, a publication that covers tech industry news, Circuit City is preparing to return soon. The report claims the company, which filed for bankruptcy in 2008, will be opening a new store in Dallas, Texas this coming June, led by the efforts of a new ownership group. Circuit City's also said to have the support of many major brands, including Canon, Intel and Sony, after holding successful meetings at CES 2016.