#NEXXTECH PRODUCTS DRIVERS#

The offer was rejected by Richard Sharp, Circuit City's CEO, since he believed they could open a store in Best Buy's home territory of Minneapolis and easily beat the competitor. In late 1988, Circuit City had an opportunity to purchase Best Buy, a growing competitor at the time, for US$30 million. The company also returned to New York City opening a 40,000В sqВ ft (3,700В m 2) superstore in Union Square, the first of two planned Manhattan locations. In 1988, Circuit City began constructing the new 'plug' design Superstore formats.

#NEXXTECH PRODUCTS DRIVERS#

The towers were designed to make the store more identifiable to drivers among the endless stores and shopping centers in Los Angeles. The new stores featured the 'red tower' entrance that ultimately became a trademark of the company. The next year, Circuit City opened five more Superstores in the market and closed the licensed electronics and appliance departments it operated in Zodys stores. In 1985, Circuit City entered the Los Angeles market by opening seven Superstore locations in former The Akron discount stores. They operated the stores under the 'Lafayette/Circuit City' name and expanded to 15 locations, but the stores were not profitable and were closed in 1986 after spending US$20 million to enter the market. In 1981, Circuit City entered the New York City market by acquiring the six remaining stores of the bankrupt Lafayette Radio chain. The first of these replacements occurred in Knoxville, Tennessee Charleston, South Carolina and Hampton, Virginia. The company, which had leased floor space from the Zodys discount stores as well as other department stores, began acquiring retail stores and turning them into Circuit City Superstores. One of the company's early slogans was 'Circuit City - Where the Streets are Paved with Bargains'. Wards Company officially changed its name to Circuit City and became listed on the New York Stock Exchange in 1984. A slightly modified version of this logo is used for the second revival.) (it was also used for the revival throughout its entire run until it shut down in 2012. Third and final Circuit City logo, used from 2001 until its liquidation in 2009. The company continued to expand with the new format modeled after 'Wards Loading Dock' and renamed it Circuit City Superstore in 1981. The large-format store was very popular with customers. Department Store) in Richmond, Virginia and in the extra space, 'Wards Loading Dock', its first warehouse showroom opened in 1974. After developing a long range plan for the company in 1973, construction began on a distribution center and new corporate offices building at 2040 Thalbro Street (named after Thalhimer Bros. Alan Wurtzel, his son, became CEO of Wards in 1972 and initially focused on digesting the acquisitions and shedding unprofitable operations. Samuel Wurtzel served as president of the company until 1970 and remained the chairman until 1984. Wards experimented with several retail formats in Richmond, including smaller mall outlets branded 'Sight-n-Sound' and 'Circuit City'. During the 1970s and early 1980s, it also sold mail-order under the name 'Dixie Hi Fi', advertising in hi-fi magazines. The company continued to grow and acquired stores in other locations including Albany, New York Mobile, Alabama Washington, D.C. 'Half Plug' Circuit City Superstore format in Huntsville, Alabama that included a more open showroom, used from 1995 to 2000.Д«y 1959, Wards Company operated four television and home appliance stores in Richmond.