Report says company “contemplating a brick-and-mortar rebirth.”
The days of calling Circuit City a defunct big-box “store” might be coming to an end.
Systemax, which purchased the Circuit City brand in May 2009 and relaunched the company online, is “contemplating a brick-and-mortar rebirth,” according to Dow Jones Newswires.
Systemax bought and revived CompUSA, one of many failed electronics retailers, and now plans to open stores in Houston, Chicago and other major markets after successfully testing stores in Florida. There currently are 34 CompUSA stores.
Could Circuit City follow the same plan?
“Recession hurts, but it also creates opportunities that would not have existed otherwise,” said Systemax Chief Executive Richard Leeds.
“We have a tremendous amount of excitement around our company now because of these acquisitions. We picked up two iconic retail brands for well under $50 million. That to me is the bargain of the century.”
by Steve Crowe
http://www.electronichouse.com/article/poll_would_you_shop_at_circuit_city/
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