Making another comeback? Circuit City has plans to open retail stores, report says
(Jan. 29, 2016) – Circuit City is looking to make another comeback.
The company filed for bankruptcy in 2008 and sold its wares online after closing its last store in 2009. The online venture ultimately folded in 2012.
But Circuit City’s story isn’t finished just yet. The company, led by Ronny Shmoel and Albert Liniado, plans to open a retail store in June and relaunch its website, according to trade magazine Twice.
Plans are to open 50 to 100 stores by next year. Later plans call for 100 to 200 franchised locations.
The stores will be targeted at millennials, the magazine reported, selling smartphones, tablets, notebooks, wearable tech, gaming products and headphones, among other products.
The company will also sell USB cables, power banks and digital accessories under its own AudioMate, DigitalMate and Circuit City brands.