Still a chance for a run later on. Sharper Image had a nice run. When you least expect it.. IMO
The lights go out at CircuitCity.com—for now
The fate of bricks-and-mortar locations operated by Circuit City Stores Inc. is certain, but the same can’t be said for its $1.4 billion e-commerce site.
As part of its liquidation, Circuit City has taken down CircuitCity.com, No. 16 in the Internet Retailer Top 500 Guide, and put up a generic web page that answers frequently asked questions about the going out of business process.
After failing to find a buyer or secure a substantial infusion of working capital, Circuit City on Jan. 16 received permission from a judge for the U.S. Bankruptcy Court for the Eastern District of Virginia to liquidate the company’s assets, including closing its remaining 567 U.S. stores.
But the fate of Circuit City’s web site remains unclear. “The site is down at this time, but it might return,” says a Circuit City spokesman. A sentence on Circuit City’s liquidation web page tells readers “to check back later for updates about the status of our web site.”
One possibility is that the four companies currently handling the company’s liquidation--Great American Group, Hudson Capital Partners, SB Capital Group and Tiger Capital Group–might reopen CircuitCity.com to speed up the final sale of any remaining merchandise.
It is also possible that CircuitCity.com as a brand could live on after the current company liquidates. When CompUSA filed for bankruptcy in 2007, the web business was acquired by Systemax Inc., which also owns and operates TigerDirect.com, for $18.9 million. CompUSA.com is now part of a growing $900 million e-commerce portfolio at Systemax, (No. 22).
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