Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Business News

Is Circuit City making a comeback by focusing on millennials?

The multimedia chain has actually bitten the dust twice and still imploded. Well, maybe the third time’s the charm because Circuit City is back and ready to get into the electronics and media arena one more time.

circuit city

Circuit City: Back and better than ever?

Does anyone remember Circuit City? For a while there, they were big. Like, all-over-the-map kind of big. Circuit City filled a niche much the same way Best Buy does today. But there’s no accounting for taste: Things change, you become yesterday’s news and before we knew it Circuit City was history. The multimedia chain actually bit the dust twice because they regrouped under new management and mounted a comeback of sorts as an online entity and still imploded.

bar
Well, maybe the third time’s the charm because Circuit City is back and ready to get into the electronics and media arena one more time.

Under new management

In a way, Circuit City is kind of like one of those old Hollywood movie franchises that get resurrected or updated every couple of years: The logic is that there’s a built-in audience so you’re not specifically starting from scratch. So it is with Circuit City.

In this case, according to twice.com, Ronny Shmoel, who purchased the Circuit City brand, name domain and associated trademarks from Systemax in October and formed Circuit City Corporation and Albert Liniado, vice president of business development for the new Circuit City have an ambitious, multi-tiered game plan for the store that calls for retail outlets, web sales, branded and private-label products, licensed kiosks, mobile shops and franchise opportunities, all under the iconic red-and-white banner.

Small but profitable?

An article in the online version of the Richmond-Times Dispatch points out that the new Circuit City will “embrace MAP and UPP pricing, build margins into its private-label assortment, and will stick to a small-box retail format in affordable yet densely-populated real estate markets.”

Advertisement. Scroll to continue reading.

In the short term, plans call for 50 to 100 corporate-owned stores to be up and running by next year with an additional 100 to 200 franchised locations eventually added. But plans for the new, revamped Circuit City don’t end there. Twice.com explains that other brick-and-mortar offshoots will include “a franchised, 1,500-square-foot Circuit City Mobile concept, and turn-key Circuit City Express sections, offering kiosks, end caps, slot walls and in-store displays.” In terms of merchandise, the Express shops will feature an assortment of conveniently priced headphones and accessories that can be accessed via convenience stores, college bookstores, hardware stores and even pharmacies.

Not your father’s media store

The new Circuit City will be targeted directly at the demographic that counts the most when it comes to technology: the millennials. The Circuit City merchandise menu, according to twice.com, will include pre- and postpaid smartphones, as well as tablets, notebooks, networking equipment, gaming products, headphones, drones, 3D printers, health appliances, and DIY devices, all supplemented by a service desk, electronic price tags and touchscreen terminals that link customers with what is envisioned as a million-SKU selection online.

If history has proven one thing, it’s that you should never throw in the towel on a former champion. Circuit City’s glory days may be behind it, but the potential for even bigger paydays still lie ahead.

#CircuitCity

Advertisement. Scroll to continue reading.
Written By

Nearly three decades living and working all over the world as a radio and television broadcast journalist in the United States Air Force, Staff Writer, Gary Picariello is now retired from the military and is focused on his writing career.

1 Comment

1 Comment

  1. Pingback: Circuit City is... back? Again? #ZombieRetail - The American Genius

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Tech News

Employees love the flexibility of remote work, but some employers are looking to change that with monitoring software. Big Brother much?

Tech News

Get a first look at upcoming tools and tech with Google's new AI Test Kitchen, a curated space where users can try out beta...

Tech News

If you have files on Amazon Drive, the service is being sunset soon - better back those files up.

Tech News

If you open Gmail today, things might look and act differently, but the changes are being well received - here's what's new.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.