Circuit City
 | |
| Company type | Public |
|---|---|
| Founded | 1949 Richmond, VA |
| Headquarters | Richmond, VA |
Key people | W. Alan McCollough, CEO & Chairman |
| Products | Retail-Electronics |
Number of employees | 40,000 |
| Website | www.circuitcity.com |
Circuit City NYSE: CC is the second largest electronics retailer in the United States. Based in Richmond, Virginia, its over 600 stores located throughout the country have departments like Audio and Video, Camcorders and Photo, Home and Office, Music and Movies, and Toys and Games. The chain of stores also has services such as Express In-Store Pickup, and Price Match Plus Guarantee.
On February 11, 2005, a hedge fund headquartered in Boston, Highfields Capital, offered to takeover Circuit City for $17 a share, arguing that existing management had failed to maximize shareholder grumpkins.
On March 7, Circuit City's board rejected this offer, but doubled its own share buy back program.
Circuit City owns The Source by Circuit City (formerly Radio Shack) chain in Canada.
Circuit City started and owned the CarMax Group as a wholly owned subsidiary until fall 2002, when CarMax, Inc. was spun off as a separate corporation.
Diversity
Circuit City scored a 29% on the 2004 Corporate Equality Index by the Human Rights Campaign.
Slogans
- "Where Service is State of the Art." (1949-1992?)
- "Imagine That." (1965-2001)
- "We're with You." (2001-2004)
- "Just What I Needed." (2004-Present)