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Circuit City Corporation, Inc., formerly Circuit City Stores, Inc., is an American consumer electronics retail company, which was founded in 1949 by Samuel Wurtzel as the Wards Company, operated stores across the United States, and pioneered the electronics superstore format in the 1970s.
One of the great success stories of American retail- ing, Circuit City got its start in 1949 as a tiny storefront in Richmond, Va. From that modest beginning, founder Sam Wurtzel quickly built the company into a national chain, and his son Alan turned it into a household name.
Circuit City lost its competitive advantage largely for several reasons, including: · Failing to invest in its core competencies to limit competitor imitation. · Unrelated diversification into CarMax and video rentals that distracted management from its core business.
Nov 11, 2008 · T here is no mystery as to why the No. 2 electronics retailer in the U.S., Circuit City, filed for bankruptcy on Nov. 10. You could blame it on the bad economy or decreased consumer spending...
Oct 3, 2016 · For decades, Circuit City was a popular, near-ubiquitous retailer of consumer electronics and physical media. But industry changes and poor management decisions caused the New York-based...
Apr 9, 2024 · Circuit City’s trajectory from success to bankruptcy serves as a sobering reminder of the perils of complacency and strategic misalignment in the ever-evolving landscape of retail.
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Feb 8, 2016 · So, why did Circuit City fall so spectacularly? And why the heck does it want to come back from the dead? A Tale of Hubris. On November 4, 2008 when Circuit City filed for bankruptcy, it was widely seen as a poster-child for exec mismanagement.
