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Articles about Circuit City

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Circuit City mulls mass layoffs, store closures

Circuit City may lay off thousands of workers and shut down at least 150 stores to avoid filing for bankruptcy protection, according to reports. The Wall Street Journal quoted unnamed sources as saying the second-largest US consumer electronics retailer is considering the culling as a way to get through the holiday season. The …
Austin Modine, 20 Oct 2008
Pacman

Blockbuster bids for Circuit City

Struggling retail chain Blockbuster has offered more than $1bn for struggling retail chain Circuit City. The video rental outfit made the bid public today in an attempt to hurry a deal along. Blockbuster said it wrote to the Circuit City board on 17 February, but has not received the information it requested: "Unfortunately, to …
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Circuit City goes titsup

The bankrupt US retail giant Circuit City will be fully liquidated after the company failed to find a buyer in time. The company will be presenting the results of an auction for its assets at a hearing in US Bankruptcy Court in Richmond, Virginia later today. Circuit City said in a statement that it will seek approval to begin …
Kelly Fiveash, 16 Jan 2009
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Circuit City files for bankruptcy protection

Beleaguered US consumer electronics retail giant Circuit City today filed for bankruptcy protection. The firm said that its business and 17 affiliates filed for Chapter 11 protection from creditors with the US bankruptcy court in the Eastern District of Richmond, Virginia, where Circuit City’s headquarters are based. The …
Kelly Fiveash, 10 Nov 2008
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Circuit City cutting jobs, stores, inventory for the holidays

Circuit City today confirmed plans to lay off thousands of US workers and close 155 stores in order to survive the holiday season. The consumer electronics chain will also reduce the number of future store openings and renegotiate leases on some of its remaining 566 locations. Circuit City's scheme was first reported in The …
Austin Modine, 03 Nov 2008
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Blockbuster withdraws $1bn Circuit City bid

Blockbuster Inc. yesterday backed away from its $1bn bid for consumer electronics retailer Circuit City citing gloomy “market conditions”. The movie rental chain’s CEO James Keyes said in a statement: “We have determined that it is not in the best interest of Blockbuster's shareholders to proceed with an acquisition of Circuit …
Kelly Fiveash, 02 Jul 2008
Dollar

Circuit City runs up the white flag

Circuit City's days as an independent are numbered. The ailing US electronics retailer last month received an unsolicited bid from Blockbuster, the ailing video store operator. It was less than whelmed by the approach. But the company capitulated today when presented with Blockbuster's secret weapon: a letter from corporate …
Drew Cullen, 09 May 2008
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Circuit City feels yet more pain in Q2

Circuit City yesterday admitted that its second quarter performance simply wasn’t good enough as it clocked up another quarterly loss. The struggling US consumer electronics retailer, which last week saw CEO Philip J. Schoonover quit following a year of dire financial results, reported a significant sales slowdown and more …
Kelly Fiveash, 30 Sep 2008
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Circuit City reports Q1 loss as US shoppers unplug

Ailing US electronics retailer Circuit City yesterday posted a first quarter loss and another slide in revenues. The Richmond, Virginia-based firm reported that net loss widened to $164.8m, or $1 a share, for the period ended 31 May 2008, compared to $54.6m, or 33 cents, a year earlier. Sales at Circuit City dropped a painful 7 …
Kelly Fiveash, 20 Jun 2008

Circuit City fires 3,500 'overpaid' staff

Circuit City is firing 3,400 store workers because it thinks it's paying them too much. To rub salt into the wound, it is offering the retail fat cats some severance and the chance to apply for their old jobs - at lower wages. But only 10 weeks after they have been fired. This company is all heart. According to Circuit City, …
Drew Cullen, 28 Mar 2007
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Circuit City has outstandingly awful Q1

Circuit City had a crap first quarter, losing $54.6m, against net income of $6.4m same time last year. Net sales fell 4.3 per cent, driven by a comparable store sales decline of 5.6 per cent. Gross profit margins fell 1.9 per cent on lower merchandise margins and lower take-up of extended warranties. The electronics retailing …
Drew Cullen, 20 Jun 2007
The Register breaking news

Circuit City buys InterTAN for $284m

Circuit City, the US electronics superstore chain, is buying Canadian retailer InterTAN's for $284m cash. Intertan operates 500 stores of its own and stocks another 480 or so through franchise agreements. It rades under RadioShack, Rogers Wireless, The Communications' Store Express, and Battery Plus. Circuit City expects to …
Drew Cullen, 31 Mar 2004
The Register breaking news

Circuit City buys BestBuy music download supplier

US retail chain Circuit City is to buy online music retailer MusicNow. Terms of the deal were not disclosed, but the two companies said they expect the acquisition to be completed by the end of this month. Circuit City said it will not have a material impact on its FY2005 results. MusicNow will continue to operate under that …
Tony Smith, 01 Apr 2004
Merlin Data Center Cold Aisle

How much data must you have before you need Cleversafe? If you have to ask ...

Analysis: Cleversafe is the leading object storage supplier, according to an IDC marketscape chart (see below). How did it get there? We talked to Chris Gladwin, its founder, about how and why Cleversafe was started up and how it got where it is. The story starts in 2004 when he sold his second start-up, digital music supplier …
Chris Mellor, 31 Mar 2014

Red-soaked Systemax kills Euro jobs and US PC factory

US giant Systemax is shuttering its PC factory and axing the CompUSA and Circuit City brands. The reseller, which also runs Misco.co.uk, signalled it will cut its workforce in Europe after ploughing into the red in Q3 2012. The New York-listed biz delayed reporting its latest financial results on Monday as Hurricane Sandy …
Paul Kunert, 02 Nov 2012
The Register breaking news

Citrix wins Circuit City in major MetaFrame order

US retail chain Circuit City has deployed Citrix MetaFrame servers to its 500 stores across the country, in what Citrix says is one of the largest MetaFrame deployments to date. Circuit City will be using the servers to run its build-to-order kiosks, and as a mechanism to migrate from various non-Dos and incompatible in-store …
John Lettice, 01 Oct 1998
The Register breaking news

IBM builds Second Life store for Circuit City

IBM has cut a deal with US electronic gizmo retailer Circuit City Stores to build a virtual store on one of the private fiefdoms it occupies on Second Life. There, virtual visitors will, in the form of their on-screen avatar, be able to go down the aisles of the store and examine products. The products can then be or ordered via …
Martin Banks, 18 Dec 2006
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Sprosty leaps from Systemax TPG hot seat after 18 months

Systemax has confirmed that David Sprosty, CEO of its Technology Products Group, has left after less than 18 months in the hot seat. Sprosty was made CEO at the unit in October 2011 replacing disgraced former exec Gilbert Fiorentino, who the SEC latterly barred from ever serving again as a corporate officer or director in a …
Paul Kunert, 15 Feb 2013
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Systemax profits tumble as US punters keep wallets closed

Systemax CEO Richard Leeds said he's disappointed by calendar Q1 numbers as profits fell by almost 50 per cent due to flagging US consumer electronics sales. The group - which operates the Misco and WStore brands in Europe, and Tiger Direct, Circuit City and CompUSA stateside - saw turnover slide one per cent year-on-year to $ …
Paul Kunert, 02 May 2012
Misco

Former HP direct sales bloke Logan jumps ship to Misco

Headhunters are out in the channel recruiting bods into Misco's fledgling enterprise team - and ex-HP bigwig Richard Logan is the first to join. The Systemax-owned reseller has grand plans to knock its largest EMEA rivals off their perch within five years, and is restructuring to achieve this. Logan, previously sales director …
Paul Kunert, 29 Nov 2012
The Register breaking news

Circuit City shuts doors on i-Opener $99 PC hack

Circuit City, the US giant computer retailer, has issued an email memo to staff, announcing that orders for multiple units of the I-Opener Net appliance would be cancelled, due to "increased demand" and limited availability. Circuit City had been selling the I-Opener, made by Texas company Netpliance, as a $99 loss leader, …
Drew Cullen, 20 Mar 2000
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'Perfect storm' drives electronics stores to EXTINCTION

The window of opportunity for traditional bricks-and-mortar consumer electronics retailers to catch up with web-based and supermarket rivals has closed and many more will go the way of the dinosaur. So says channel beancounter Canalys, which predicts others will follow in the footsteps of monolithic consumer outlets such as Best …
Paul Kunert, 19 Apr 2012

Misco does well but parent globocorp suffers full year losses

Giant reseller Systemax, better known in the UK as the parent of Misco, continues to review the operations after swinging to losses caused by the collapsing US consumer market and charges incurred by major restructuring on both sides of the pond. It was a particularly nasty outing for the mighty firm in calendar Q4 - group sales …
Paul Kunert, 06 Mar 2013
Pim Dale, Systemax EMEA CEO

Systemax CEO: We want to be Number One in five years

Systemax EMEA CEO Pim Dale is plotting an expansion strategy to become the largest reseller in the region within five years. Industry vet Dale, former EMEA veep and GM at one-time direct selling purist Dell crossed into the channel for the first time in January when he pitched up at Systemax. He reckons its the "age of the …
Paul Kunert, 03 Jul 2012
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Microsoft's Equipt kill date remains MIA amid retail carnage

Microsoft has yet to administer the coup de grace to its Equipt subscription software package two months after it confirmed it would dump the service. Redmond ditched its Office and security subscription service in November just a few months after the firm started flogging it through the now bankrupt US retail giant Circuit City …
Kelly Fiveash, 27 Jan 2009
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Small biz reseller swallowed by Systemax

Systemax - the company behind CompUSA and the owner of Circuit City's ecommerce business - is buying WStore Europe. WStore specialises in supplying small and medium businesses and the public sector, and operates in France as Inmac, WStore SAS and I-Com Software. Systemax trades using the Misco brand in Europe. Richard Leeds, …
John Oates, 04 Aug 2009
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Microsoft targets online Office bundle at US cheapskates

Microsoft has tied up with ailing US retailer Circuit City to launch its Office and security subscription service which hits the market bearing the moniker "Equipt". The software giant said that it has handed Circuit City the new product line, with plans for the retail chain to start punting Equipt from mid-July. It will carry a …
Kelly Fiveash, 02 Jul 2008
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Best Buy sheds lost revenue tears, shares holiday fears

best buy Best Buy isn't so sure customers will spring for that $50 spool of Monster Cable speaker wire in this economy, so the electronics retailer today lowered fiscal-year earnings expectations. Although Best Buy saw its biggest rival, Circuit City, file for Chapter 11 bankruptcy protection on Monday, the mood is hardly …
Austin Modine, 12 Nov 2008
The Register breaking news

California OKs class-action suits for unpaid overtime

The California Supreme Court ruled this week that employees who claim they've been cheated out of overtime can sue their employer, whether or not the company's arbitration policy forbids class actions. The ruling was sparked by a 2002 suit led by a former Circuit City worker seeking overtime wages. According to The LA Times, …
Austin Modine, 31 Aug 2007
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Intel shocks with profit warning

A month ago Intel CEO Paul Otellini didn't know "what impact the financial crisis will have on end customer demand". He does now and it's not good. Intel has cut fourth quarter revenue guidance by ten per cent, citing weakening global demand and PC supply chain inventory reduction. Instead of earning $10.1bn - $10.9bn in its …
Chris Mellor, 13 Nov 2008

Best Buy amps up Apple volumes

Best Buy is to start selling Apple PCs in 200 stores, the electronics retailer said today. This follows successful trials conducted in 50 stores. Best Buy sold Apple computers once before but axed the line in 1998 because of slow sales, the AP reports. That was at a low ebb for Apple. Soon afterwards the company axed most of …
Drew Cullen, 04 Apr 2007
Steve Ballmer

Ballmer downplays Vista sales

Steve Ballmer has played down the hype surounding Vista sales saying some analysts have taken an overly optimistic view. Speaking to financial analysts, Ballmer said he was pleased by the response to Vista, but warned: "People have to understand that some of the revenue forecasts I've seen out there for Windows Vista in fiscal …
John Oates, 16 Feb 2007
The Register breaking news

Meltdown turns Time Warner red

Time Warner expects to report a red 2008, thanks to a whopping $25bn impairment charge for its cable, magazine publishing, and, yes, AOL businesses. This would be the media giant's first annual loss in six years. Naturally, it blames the Meltdown. "The economic environment has proved somewhat more challenging than the company …
Cade Metz, 08 Jan 2009
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Microsoft confirms Equipt kill date

Microsoft has told Equipt customers that the subscription software package will be killed off on 30 April 2009. The date comes three months after the company confirmed plans to ditch the Office and security subscription service in November. Microsoft only began selling Equipt to consumers late last summer in the US via the now …
Kelly Fiveash, 18 Feb 2009
Yahoo

Cyber Monday® destruction tests Yahoo!

[Updated casualty list] Turkeys of Black Friday Yahoo! Yahoo!'s payment! processing! system! is mostly exclaiming a death-rattle today, as online shoppers pound the cyber-checkout at the start of the holiday shopping season. The company said that several retailers who depend on Yahoo for e-commerce are reporting error …
Austin Modine, 26 Nov 2007
The Register breaking news

Man sues MS after FBI uncovers smut surfing habits

A US man awaiting trial on firearms offences is suing Microsoft after FBI technicians found self-made sex videos and evidence that he frequented porn sites on his PC. Michael Alan Crooker, currently on remand in a Connecticut jail on charges of selling illegally modified firearms and possessing bomb-making equipment, is …
John Leyden, 06 Mar 2007

Analyst predicting tough times ahead for Wii

The Wii's popularity has dominated headlines for the last year or so, but it’s been forecast that a lack of availability in some regions could see the console’s sales start to dwindle. According to a report by Korean paper the Chosun Ilbo, the Nintendo console has failed to take a hold in Korea since it was launched there in …
James Sherwood, 02 Jun 2008
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Intel chips get new logos, star treatment

Intel has introduced a new and flashier set of logos for their consumer-level processors and processor-cum-chipset combos, along with a star-rating system that may generate more trouble than guidance. The new logos feature the familiar Intel logo above the marketing names of Core i7, Core 2, Centrino, Centrino 2, Atom, Celeron, …
Rik Myslewski, 08 Apr 2009
Dollar

Best Buy churns out the profits in Q3

Best Buy had a great Q3, propelled by strong sales of fat-margin games consoles, notebook PCs, flat screen TVs and GPS thingymajigs. An extra week of holiday shopping for the quarter ended December 1 did it no harm, either. Earnings were $228m (Q3 2006: $150m) on revenues up 17 per cent to $9.93bn (Q3 2006: $8.47bn). The …
Drew Cullen, 18 Dec 2007
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White PS3 rumours hot up

Queues may start forming outside US Circuit City stores by the end of this story, because fresh rumours indicate that 'ceramic white' PlayStation 3s are winging their way to the electronics giant’s stores. White_PS3 According to unnamed sources at CC, cited by website Kotaku, employees have been taking in stock of a new model …
James Sherwood, 01 Mar 2008

Xbox 360 Elite arrives in US - or does it?

Microsoft's 'none more black' Xbox 360 Elite has gone on sale in the US, allowing Xbox buffs to trade up to a 120GB hard drive and HDMI connectivity for just $480 - if they can find one, that is. Although the machine was to have been made available yesterday, quite a few of the big names in online retail didn't have units …
Tony Smith, 30 Apr 2007
Microsoft

Microsoft flogs subscriptions to the unwary and confused

There's no such thing as a coincidence or a missed opportunity in the world of Microsoft, and this is no ordinary week. Just days before thousands of partners from across the globe descend on Microsoft's annual World Wide Partner Conference in the heat of Texas, Microsoft announced licensing programs clearly intended to whet …
Gavin Clarke, 03 Jul 2008

Vista-effect credited with PC sales boost

It might have had a mixed response from critics but Vista is being credited with a big jump in US retail computer sales. The launch of Microsoft's latest operating system apparently helped PC sales jump 173 per cent compared to the week before. According to market watcher Current Analysis, PC sales were up 67 per cent in the …
John Oates, 09 Feb 2007
Flag Canada

Canadian firm sues 22 firms over Wi-Fi patents

A Canadian IP firm has accused 22 major IT companies of infringing its Wi-Fi and DSL patents and slapped them with a patent infringement suit. Ottawa-based Wi-LAN Inc accuses the firms of infringing its U.S. patent nos. 5,282,222, RE37,802 and 5,956,323, which it says relate to "Wi-Fi and to power consumption in DSL products". …
Joe Fay, 02 Nov 2007
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Gateway ships quad-core desktop into US stores

Gateway let slip a quad core desktop into some major US retail outlets today. It's called the Gateway FX, it costs from $2099.99 and - as you will guess from the price tag, it is aimed at the PC enthusiast and "digital creation" markets. The base spec includes Intel Core 2 Quad Q6600 processors, 512MB ATI Radeon X1950 CrossFire …
Drew Cullen, 01 May 2007
The Register breaking news

Ballmer resets recession, preps for 100,000 troops

The economy is not in recession - it's just experiencing a "resetting" of spending. And Microsoft won't retrench after years of huge expansion; it'll just apply the brakes until things get better. At least, that's what Microsoft chief executive Steve Ballmer said while announcing 5,000 planned layoffs and second-quarter earning …
Gavin Clarke, 23 Jan 2009

AMD, Intel and others to serve 100 subpoenas

AMD has started serving 32 new subpeonas against US companies in a bid to secure evidence it believes will support its allegations that arch-rival Intel used its market leadership to harm the smaller company's business. Separately, Intel and other class-action plaintiffs have also begun sending subpoenas to around 70 third …
Tony Smith, 23 Jun 2006
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Algorithms no match for sales craft, Dell discovers

Dell will dismantle its US standalone consumer electronics division after poor results. The unit sold standard living room fare such as TVs, as well as high-end media PCs. The Wall Street Journal's Gary McWilliams reports that the Dell formula which has proved so successful for selling commodity PCs has been outgunned by …
Andrew Orlowski, 03 Nov 2005
Griffin TuneCenter iPod dock

Xbox 360 hibernates 'til Spring

Component shortages and a lack of manufacturing capacity have forced Microsoft's Xbox 360 console into hibernation, a situation that looks set to continue until Spring. Despite its spectacular launch in November, US retailer Circuit City told USA Today earlier this week that "supplies are going to remain pretty tight for the …
Andrew Orlowski, 26 Jan 2006
The Register breaking news

Disney immobilizes Disney Mobile

First it killed Bambi's mother. And now it's decided to kill a fourteen-month-old wireless service. Today, the Walt Disney Company said it will soon shut down Disney Mobile, the US-based wireless service it offers on bandwidth rented from Sprint Nextel. Unhappy with life as a mobile virtual network operator (MVNO), the company …
Cade Metz, 28 Sep 2007