Printed from http://www.electronista.com

Systemax may snap up Circuit City name

updated 04:40 pm EDT, Mon April 13, 2009

Systemax May Get C City

PC builder and retailer Systemax may revive the Circuit City name through a deal, a court filing shows (PDF). Already the owner of TigerDirect and recently CompUSA stores, the company is in the running for bids on Circuit City's name before May 11th and would pay as much as $6.5 million to acquire both the brand name itself and the rights to run the Circuit City website. It's not known which other companies are in the running or how likely they are to win a bid.

Systemax has lately been taking aggressive steps into mainstream retail and has restarted 30 CompUSA stores which theoretically promise prices as good as online and with less restricted demo units than close competitors like Best Buy. While not officially stated, it's assumed Systemax hopes to gain a position as a larger retailer by taking advantage of weaker firms.

Electronics stores have been particularly suffering under the current US economic conditions and have seen both major stores like Circuit City and CompUSA declare bankruptcy in addition to smaller retailers like Ritz Camera. [via TWICE]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. testudo

    Forum Regular

    Joined: Aug 2001

    0

    yes

    Because the name "Circuit City" has such a great tradition and place in electronics commerce and technical assistance.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

Blue's Mikey Digital

Blue Microphones, a company that makes some of the most popular digital USB microphones among podcasters and musicians, has for some t ...

Sponsor

toggle

Most Commented

 
toggle

Popular News