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Circuit City is Back, Sorta

By - Source: Tom's Hardware US | B 29 comments

The Circuit City site is now back online and selling electronics. Unfortunately, it’s not the same Circuit City we once knew.

The relaunch of the Circuit City has raised the hopes of those who used to frequent the store back before it closed shop. Is it possible we’ll see brick and mortar Circuit Cities again sometime? In short, don’t bet on it.

On May 19 the Circuit City brand and website was purchased by Systemax Inc., the company responsible for etailers like Tiger Direct, CompUSA, and Misco. For a cool $14 million, Systemax acquired certain trademarks, trade names, domains, customer lists and information, and “other intangible assets of Circuit City's e-commerce business.” The Bankruptcy Court issued its order approving the transaction on May 15, 2009 following a public auction conducted on May 11, 2009.

In addition to the purchase price of $14 million, Systemax also agreed to hand over a share of future revenue generated over a 30-month period. According to the press release, which simultaneously announced the acquisition and relaunch, the minimum future revenue guaranteed to Circuit City is $3 million.

So this isn’t a resurrection of Circuit City. Sniff.

Hat tip goes to ChaosGS4.

Discuss
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Top Comments
  • 13 Hide
    Mr_Man , May 26, 2009 7:33 PM
    I think it would be cool if they turned them into a "pick up" location for orders on their other sites (Tiger Direct, CompUSA, etc). Perhaps knock 50% off shipping costs or something if they do in-store pickup.
Other Comments
  • -1 Hide
    antilycus , May 26, 2009 7:30 PM
    OOOOOOOOLLLLLLLLLLDDDDDDDD news
  • 13 Hide
    Mr_Man , May 26, 2009 7:33 PM
    I think it would be cool if they turned them into a "pick up" location for orders on their other sites (Tiger Direct, CompUSA, etc). Perhaps knock 50% off shipping costs or something if they do in-store pickup.
  • 3 Hide
    mrfisthand , May 26, 2009 7:42 PM
    What a tremendous loss, they went baknkrupt for a reason, the pick up type location is a good idea though, they could also be used as an outlet type store for overstock and clearance
  • 7 Hide
    tiredwolf , May 26, 2009 7:51 PM
    Im .. really not sure why anyone would want them back, they always had really terrible customer service and way over priced products. I think they went out of business for a reason.....
  • 1 Hide
    matt_b , May 26, 2009 8:10 PM
    AntilycusOOOOOOOOLLLLLLLLLLDDDDDDDD news

    Quote:
    On May 19 the Circuit City brand and website was purchased by Systemax Inc.,


    Yes it is old news, but it was official just last week.

    I always liked CC. Most everything I personally looked at was cheaper than BB - maybe a locale/regional thing (I live in the county it was based in)? Either way competition is needed and BB is a monopoly in the market now. Who else would you say can equate to the sheer size of them in electronics retail - Radio Shack, Target, Wal-mart? Maybe if you combine all of them into one sales figure and factor in all of the little guys as well.
  • 0 Hide
    dman3k , May 26, 2009 8:12 PM
    Maybe now I can return the broken video card I got for $25 that VisionTek just won't repair cause it's not hardware defect... :( 
  • 0 Hide
    meatwad53186 , May 26, 2009 9:03 PM
    dman3kMaybe now I can return the broken video card I got for $25 that VisionTek just won't repair cause it's not hardware defect...


    That sucks. Did you buy it on clearance when they were going out of business? I went in when they were going out of business and picked up a Logitech G15 and a G9 for $70 each for my upcoming build (but I'm using them now anyway).
  • 0 Hide
    rooket , May 26, 2009 9:21 PM
    When are they going to bring back Federated? :) 
  • 1 Hide
    doomtomb , May 26, 2009 11:27 PM
    Who really is overjoyed by the fact that Circuit City is back?
  • 0 Hide
    starryman , May 26, 2009 11:33 PM
    Got the grand opening email from CC... saw some pretty good deals. Unfortunately NewEgg has them still beat out.
  • 0 Hide
    rooket , May 27, 2009 12:03 AM
    doomtombWho really is overjoyed by the fact that Circuit City is back?


    I dunno it seems like a carbon copy of compusa.com to me after looking up a part for someone today who wanted to order from circuit city. Would be better if the b&m was back, I don't really want to shop at best buy. But I guess regardless I can do all my shopping online either way.
  • 0 Hide
    nachowarrior , May 27, 2009 12:17 AM
    overpriced... i always hated circuit shitty same as i do butt buy. But local pickup places would be awesome, if newegg did that i'd be balls deep in a whore named debt on pc parts, it's easier to avoid if you can't go pick it up today. haha.
  • 0 Hide
    davidgbailey , May 27, 2009 4:55 AM
    I was glad to see them die. Good riddance. I use "circuit-city" as a curse word. Like when I stub my toe on the edge of my bed I always yell "CIRCUIT CITY......"
  • 3 Hide
    davidgbailey , May 27, 2009 4:56 AM
    and Newegg FTW!
  • 1 Hide
    resonance451 , May 27, 2009 8:20 AM
    Circuit Shitty was always a sub-rate store. I worked there for a few months and it only worsened my opinion. I want it to exist simply so that Best Buy and Walmart have competition. But I never liked CC and I won't start now.
  • 1 Hide
    buymyname , May 27, 2009 11:56 AM
    Circuit City was good electronic store back to 80s, They treated badly against vendor or mfg., so that was the reason why they run out of business. Circuit city treated customer nice in some place, but the return policy are really SxxK! I totally agreed (nachowarrior, reasonance451 and davidgbailey reviews)
  • -2 Hide
    belardo , May 27, 2009 12:48 PM
    The Circut City.com website is a mirror of CompUSA. They only bought the name. Its kind of like the current Commodore and Amiga companies that have NOTHING to do with C= or Amigas from the 80~90s.
  • 0 Hide
    chaosgs , May 27, 2009 1:11 PM
    When those doors open ill be putting my resume in for management, working there was the most fun i ever had. I was rated #1 for customer service and #4 in sales. Now i work at disney world which is ironically the SAME THING except i dont sell anything i just talk to customers and make them happyand smile just like in circuit city. This is my 3rd day at disney today and im already the best in my work location and thats all thanks to Circuit City's superior customer service.

    Thanks for making the article jane, trust me ill be the first to know when the physical stores open, and ill give you the article :D  .
  • 0 Hide
    chaosgs , May 27, 2009 1:13 PM
    tiredwolfIm .. really not sure why anyone would want them back, they always had really terrible customer service and way over priced products. I think they went out of business for a reason.....


    Corruption stock fell from $5 to $0.15 in a MONTH, the CEO blamed us employee's for their mistakes. Bush fucked up our economy and our CEO fucked us over as well.
  • 0 Hide
    chaosgs , May 27, 2009 1:15 PM
    Corruption, stock*

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