Circuit City Stores, Inc.
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company_slogan = Just what you needed.|
foundation = 1949|
location = Richmond, VA|
key_people = W. Alan McCollough, CEO & Chairman|
num_employees = 40,000|
revenue = $10.8 billion|
industry = Retail|
products = Retail-Electronics|
homepage = http://www.circuitcity.com, http://www.thesourcecc.com
}}
Circuit City (NYSE: CC) is the second largest electronics retailer in the United States. Based in Richmond, Virginia, its over 600 stores located throughout the country have departments like Audio and Video, Camcorders and Photo, Home and Office, Music and Movies, and Toys and Games. The chain of stores also has services such as Express In-Store Pickup, and Price Match Plus Guarantee.
On February 11, 2005, a hedge fund headquartered in Boston, Highfields Capital, offered to takeover Circuit City for $17 a share, arguing that existing management had failed to maximize shareholder value.
On March 7, Circuit City's board rejected this offer, but doubled its own share buy back program.
Circuit City owns The Source by Circuit City (formerly Radio Shack) chain in Canada.
Circuit City started and owned the CarMax Group as a wholly owned subsidiary until fall 2002, when CarMax, Inc. was spun off as a separate corporation.
Contents
- 1 Diversity
- 2 Circuit City-Owned Brand Names
- 3 Slogans
- 4 See also
- 5 External links
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Diversity
Circuit City scored a 29% on the 2004 Corporate Equality Index by the Human Rights Campaign.
Circuit City-Owned Brand Names
- Centrios
- ESA
- Liquid Video
- NexxTech
- Verge
Slogans
- "Where Service is State of the Art." (1949-1992?)
- "Imagine That." (1965-2001)
- "We're with You." (2001-2004)
- "Just What I Needed." (2004-Present)
- "Circuit City makes it Simple" (2005 Holiday Season)
See also
DIVX
External links
- Circuit City official website
- Circuit City Rewards
- The Source by Circuit City
- IQ Crew computer repairs
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Categories: Companies traded on the New York Stock Exchange | Retail companies of the United States | Consumer electronics companies | Companies based in Virginia | Retail corporation stubs