By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Just like the South, where the Richmond, Va., CE chain was once based, Circuit City may rise again.
Current owner Systemax has put the trademark and domain names of Circuit and fellow former CE chain CompUSA up for sale after consolidating those businesses under its TigerDirect brand last year.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
Port Washington, N.Y. – Systemax will consolidate its North American consumer businesses under the TigerDirect brand, drop the CompUSA and Circuit City brands by the end of the year, and exit the PC manufacturing business.
News came in its quarterly financial report in which Systemax reported sales of $846.3 million in the quarter, ended Sept. 30, down from $900.2 million in the prior year. Net income was $13.9 million in the quarter, up from the prior year’s $10.6 million.