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Circuit City Mulling Small-Format Stores

6/07/2006 12:58:00 PM Eastern

Richmond, Va. — Circuit City has hired the former head of RadioShack’s kiosk operations, Steven Pappas, as senior VP/president — small stores, signaling the company’s commitment to developing alternative store formats.

Pappas left RadioShack after 21 years, having served as division VP of three of the chain’s four regional divisions and, most recently, VP/general manager of kiosk operations.

In his new role, effective last week, Pappas will oversee operations of the company’s current small-format stores, which include its RadioShack chain in Canada — since re-branded The Source By Circuit City — and five mall-based Impulse stores in the United States.

He will also be heavily involved in new store format development, a company spokesperson told TWICE.

Pappas reports directly to Michael Foss, executive VP/chief financial officer. “Steve has more than 20 years of experience operating small stores and new retail concepts,” Foss said. “He has demonstrated success in very diverse situations. Steve led the startup of [RadioShack’s] Kiosk Operations, Inc., growing that business to more than 200 stores in its first year of operation. In addition, he has shown success in running large operations of up to 1,300 stores in 11 states. Steve will also focus on driving greater leverage between our international and domestic operations.”