Andre Yoskowitz
14 Jun 2009 2:38
Systemax, the new owner of the Circuit City brand name, has said the company will remain an online-only business for the time being, with the computer maker showing no signs of re-opening brick and mortar stores.
“It’s too soon to say whether Circuit City stores will appear,” adds Gilbert Fiorentino, chief executive of Systemax’s technology products group. “We’ve only owned it for two weeks, and we haven’t figured out what to do with it yet.”
Systemax currently has 29 CompUSA-branded brick-and-mortar stores. “We’re looking at additional real estate,” says Fiorentino however. “It’s an opportunity of a lifetime.”
The company acquired the name and branding for CompUSA and TigerDirect over the last year as the companies went bankrupt.