clock menu more-arrow no yes

Filed under:

Attack of the Zombie Stores: Circuit City and CompUSA Rise Again!

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

It was a sad day in comparison-shopping-land when electronics superstore Circuit City liquidated and shuttered last year, leaving us with just one dedicated national electronics retailer, Best Buy. Now comes news that Systemax, the holding company that bought both Circuit City and CompUSA, will be reopening CompUSA stores in Houston and Chicago, with the possibility of Circuit City stores opening again in the near future.

"Recession hurts, but it also creates opportunities that would not have existed otherwise," said Systemax Chief Executive Richard Leeds. The company paid $14 million for rights to the Circuit City brand after the fallout and relaunched circuitcity.com not long thereafter. The company reported an 84% rise in its fourth-quarter profits, ending March 8, in large part due to compusa.com and circuitcity.com revenues.
· Systemax to Reopen CompUSA [CBBN]