The Circuit City chain is being resurrected by Ronny Shmoel and Albert Liniado, a pair of “New York area veterans,” according to the trade magazine Twice. Lights out! An attempt at a total e-commerce approach was later attempted but was unsuccessful and ended in 2012.īut wait. Of course, then came the recession of 2008. However, it is likely that Circuit City’s fall was largely accelerated by the success of Best Buy and Walmart. Senior management’s attention being diverted from its base business by the startup of CarMax and the concentration on a failed DVD strategy called DIVX didn’t help. Its demise has been well documented and has been attributed to many things.

Circuit City filed for bankruptcy in 2008 and shuttered all of its 700+ stores, the last one in 2009. The company eventually became a household name and employed over 60,000 people.Īnd then, all of a sudden, it was gone. Started in 1949 as a tiny retail storefront in Richmond, Virginia, Circuit City grew under the leadership of Sam Wurtzel and his son, Alan. With hundreds of stores, it was once the place to purchase your electronics gear. We all remember Circuit City, right? At one time, it was the giant in the consumer electronics retail space. It seems that not every game changer in the future of retail is based online. I have written quite a bit lately regarding the changing landscape of the retail industry and how e-commerce is affecting that change.

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