Search results
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. [2][3] After multiple purchases and a successful run on ...
Also in 1966, one of Samuel Wurtzel's sons, Alan, a lawyer, returned to Richmond to take a role in the family business, in preparation for eventually taking over the reins from his father. Geographic Expansion in the 1970s. In 1968 Wards offered additional stock to the public, selling 1,700 shares on the American Stock Exchange.
- Overview
- Personal Life
- Career Details
- Social and Economic Impact
- Sources of Information
Father and son Samuel S. Wurtzel and Alan L. Wurtzel propelled the Circuit City Stores into a conglomerate specializing in consumer electronics, digital video programming, music software, and automobile sales. Today it is the United States' largest retailer of brand name consumer electronics and appliances. This remarkable growth started from the s...
Samuel S. Wurtzel was born in Sea Bright, New Jersey, March 2, 1907, the son of Jacob and Flora Wurtzel. He was an accounting student at the Pace School, at City College, and New YorkUniversity. He married Ruth Mann in 1932. They had two sons, Alan and David. Samuel Wurtzel died in 1985. Alan L. Wurtzel, the older son, was born in Mount Vernon, New...
Samuel Wurtzel worked for nine years, beginning in 1938, for Packing Products in New York City. In 1949, he was on vacation with his family in Richmond when a local barber informed him that the very first Southern TV station was going to air. Wurtzel began thinking about the possibilities of this fresh market for televisions. Later that year, he mo...
It was during Alan Wurtzel's involvement with Circuit City that he began to realize the problems with the education system in the United States, and especially with the local education system. Wurtzel and his staff were frustrated with trying to hire young people who could "read, write, and interact" on a level that made them capable of working in ...
Contact at: Circuit City Stores Inc. 9950 Mayland Dr. Richmond, VA 23233 Business Phone: (804)527-4000 URL: http://www.circuitcity.com
Oct 3, 2016 · The Circuit City story began 67 years ago with Samuel Wurtzel, who founded a chain of appliance stores called Wards to sell television sets, back when TV was still a new technology. The chain ...
Wurtzel’s father, Sam Wurtzel, opened a television store known as Wards, the first location in the eventual Circuit City empire, in Richmond, Va., in 1950. The idea came to him when he was passing through the city, stopped for a haircut and heard the barber talking about the South’s first television station, which had just debuted there.
By 2000, Circuit City employed more than 60,000 people at 616 locations across the United States. Circuit City is also one of American retailing’s great fail-ures. In November 2008, the 59-year-old company filed for bankruptcy. Within months, it closed its stores and liquidat-ed more than $1 billion worth of merchandise, and on March.
People also ask
When did Samuel Wurtzel start a TV store?
Who was Sam Wurtzel?
When did wards go public?
Aug 26, 2020 · Samuel Wurtzel was having a haircut while on vacation in Richmond, Virginia, when he learned the first commercial TV station in the South would go live. Being a savvy businessman, he saw the immense potential of opening a store to sell TV sets. That was in 1949. He moved from New York to Richmond and opened a store called Wards.
