No Circuit City stores yet, says Systemax exec
FROM TWICE: Retailer will remain online-only business for now
By Alan Wolf of TWICE -- Video Business, 6/12/2009
JUNE 12 | FROM TWICE: Circuit City will remain an online-only business for the immediate future, according to Systemax, the IT supplier and retailer that acquired the bankrupt chain’s brand and Internet business last month.
“It’s too soon to say whether Circuit City stores will appear,” said Gilbert Fiorentino, chief executive of Systemax’s technology products group, which also operates the company’s CompUSA and TigerDirect businesses. “We’ve only owned it for two weeks, and we haven’t figured out what to do with it yet.”
Nevertheless, Systemax is looking to grow its brick-and-mortar business from its current base of 29 CompUSA-branded stores. “We’re looking at additional real estate,” he said. “It’s an opportunity of a lifetime.”
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