A major electronics retailer is opening multiple stores in Richmond, possibly taking over some locations left behind by Circuit City.
CIrcuit City
Chamber exits workforce development, cuts 1 job
Kim Scheeler, president and chief executive, said the organization is stepping back from workforce development so as not to complicate the efforts of the newly formed board. As a result, one position was eliminated. The Chamber is focusing more on high speed rail, according to Scheeler.
Famous artist’s painting found in Circuit City’s closet
Stashed away in a closet in the former Circuit City headquarters, a piece of work by a world-famous artist was found by the liquidation firm. Now the hand-signed lithograph by Alexander Calder is for sale by the firm on eBay.com. As of Monday at 4:19 p.m., the bid was $2.25 with two bids. The reserve… Read more »
Dry cleaner goes pro bono for jobless
If you can’t find a job, at least you can have a clean suit. Puritan Cleaners is offering free dry cleaning to unemployed workers through the end of August. Customers who bring a letter from the Virginia Unemployment Commission or their previous employer can have a suit and two dress shirts, or two regular dresses,… Read more »
Circuit City back on-line?
Systemax, Inc. has won a bankruptcy auction to acquire Circuity City’s intellectual property and its e-commerce business, according to a Reuters. The deal is still subject to approval by the bankruptcy court in Richmond, which is scheduled to decide tomorrow. Systemax, which also owns CompUSA and TigerDirect, originally offered a bid of $6.5 million plus… Read more »
Law firm layoff rumors run rampant, but bark worse than bite
Like a classic urban myth, few lawyers in Richmond know personally an associate or partner who’s lost a job, but seemingly everyone knows someone who knows someone who’s gotten laid off.
Circuit City back from the grave?
It’s still alive, sort of. A computer firm called Systemax Inc. is seeking to buy the trademark names and rights to the Circuit City website for $6.5 million. There will likely be an auction May 11th for the rights. Systemax previously bought similar rights to CompUSA. And former Circuit City stores across the country are… Read more »
Bankruptcy filings skyrocket
A record number of people are filing for personal bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia, which is housed in Richmond.
Assessing Circuit City’s impact, a slideshow
The Boston Globe has a very helpful and slick multimedia slideshow about how Circuit City’s closure is affecting the regional economy up there. Restaurants in the neighborhood of closed Circuit City stores reckon they will lose around $50 a day. Several media outlets are owed thousands for advertising (including $65,000 at the Providence Journal) and… Read more »
Circuit City’s HQ Liquidation: The Sequel
The bargain hunters are back at Circuit City’s Western Henrico headquarters. The electronics store’s Deep Run III building was opened Tuesday to shoppers. But unlike the sale that ended at Deep Run II, this one is going to take longer – until April – and prices are not negotiable yet.