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Tag - Circuit City
Systemax on Friday announced it has finished its acquisition of online electronics retailer Circuit City following its bankruptcy and launched a revised Circuit City website. Systemax has also aquired CompUSA last year and oversees online retailer TigerDirect. The new Circuit City site has 24/7 customer service, advanced search functions and photo and video galleries of the products it carries.
PC builder and retailer Systemax may revive the Circuit City name through a deal, a court filing shows (PDF). Already the owner of TigerDirect and recently CompUSA stores, the company is in the running for bids on Circuit City's name before May 11th and would pay as much as $6.5 million to acquire both the brand name itself and the rights to run the Circuit City website. It's not known which other companies are in the running or how likely they are to win a bid.
Following its bankruptcy and sale to Systemax, CompUSA has quietly been reopening new stores with a very different policy on Internet access. In a talk with Wired, Systemax's Technology Products chief Gilbert Fiorentino has confirmed both that there are now 30 new CompUSA stores but that the new shops have a largely open Internet policy that puts every computer in the store on an Internet connection. Shoppers are reportedly encouraged to use demo units to check prices and reviews, and are unrestricted from ordinary tasks like checking Facebook.
Electronics chain store Circuit City announced on Thursday it will permanently shut down all 567 of its stores across the country as of Sunday, March 8th, earlier than previously announced due to the record-high shopper turnouts for going-out-of-business sales. Some locations have already closed due to sold-out stock, as shoppers cleaned out store shelves since the sales began on January 17th in an attempt to liquidate $1.7 billion in inventory.
The collapse of Circuit City in the US may not only cast doubt on the future of its Canadian retail chain The Source but could shift many stores towards Best Buy. Circuit City's Canadian subsidiary InterTAN says all 765 The Source stores are being put up for auction this week and that buyers could pick up some or all of the stores for their own purposes. Proposals from buyers are due as early as Friday and could result in a decision shortly afterwards.
Circuit City today revealed that it has decided to liquidate all its assets and effectively shut down the company. The retailer says the move comes after it was unable to strike a deal with its creditors and other moneylenders to fund the company's business following its move for Chapter 11 bankruptcy in November, which gave it an opportunity to reorganize its business. It also warns that there is unlikely to be enough money left from selling its stores and other resources to pay equity holders.
Circuit City on Friday morning made public that it's currently in talks with an unnamed company to potentially sell off its assets following its bankruptcy. The retailer declines to provide any more details than required by a hearing pushing the details into the open but confirms that two "highly motivated" companies are discussing the possibility of deals that would either give the company enough money to continue on and restructure itself or else to effectively buy out the resources of the entire store chain.
Retailer Office Depot today said it will close 126 of its North American stores in a bid to remain healthy. The company plans to make 112 closures of these within the next three months and the remainder throughout the rest of 2009 as their leases come to a close. New store openings will also be cut in half to 20 next year. The move, which drops about 10.8 percent of the company's total stores, will have a total cost of between $270 million to $300 million for Office Depot but should save about $75 million in day-to-day expenses throughout 2009 while also boosting earnings from $70 million to $90 million.
NextWorth has expanded its iPod and iPhone trade-in program to include Amazon.com and Circuit City. Customers can trade their devices at select Circuit City retail locations, receiving a store gift card for the trade-in value as determined by a store employee. Alternatively, devices can be shipped to NextWorth for inspection and valuation. The company claims that e-gift cards will be sent to customers within 24 hours of the inspection.
Circuit City on Monday filed for Chapter 11 bankruptcy in a last-stage bid to remain in business. The move follows an already drastic step to shutter 155 stores and requires the retailer to reorganize the company and its finances to more readily pay back debts to its creditors, which include Samsung, Sony and other companies whose products are sold through the chain.
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Google given NHTSA SDS waivers
In contrast to the California Department of Motor Vehicle's approach, the US National Highway Traffic and Safety Administration (NHTSA) has confirmed that it is declaring the software in autonomous cars is the legal driver of a so-equipped vehicle. In a letter to Google, the NHTSA says that it "will interpret 'driver' in the context of Google's described motor vehicle design as referring to the SDS [self-driving system], and not to any of the vehicle occupants." Other matters, such as legally-required rear-view mirrors for occupied vehicles has yet to be determined. However, regulations specifying the "driver" need no longer be interpreted as meaning a person behind the wheel, as the agency writes that self-driving cars "will not have a 'driver' in the traditional sense that vehicles have had drivers during the last more than one hundred years" http://1.usa.gov/1QrAGtR
Dropshare 4 for Mac now available
Dropshare 4 for Mac has shipped, introducing support for uploading files and screenshots to Amazon S3 API-compliant services, like DreamObjects and OpenStack. The update also introduces a new popup design, an in-app editor for custom landing pages, an improved upload history window, and security improvements when using SSH connections. The paid upgrade costs $25, though it is free for customers who bought the previous version this year and half-price for those who acquired version 3 of the app last year. http://bit.ly/1XixV3q
Google starting phase-out of Flash ads
Search engine and advertising giant Google will shortly no longer accept Adobe Flash-created ads for its AdWords network. Starting June 30, ads in the once-ubiquitous format will no longer be accepted. Additionally, after January 2, 2017, the network will no longer serve Flash-based advertisements, and the network will be completely HTML 5 based. http://bit.ly/1PNx1uc
Sonos now works with Apple Music
Wireless music system manufacturer Sonos has announced that its systems worldwide will gain compatibility for streaming the paid Apple Music subscription service starting today, February 10. "Music fans worldwide will have access to Apple Music features like For You, New, Radio, and My Music, and will also be able to stream the entire Apple Music catalog through Sonos smart speakers tuned for great sound in every room of their homes," the company said in an email to journalists. Apple Music's streaming service costs $10 per month, with a free three-month trial. http://bit.ly/1Wdi2Ko
Apple want ads hint at future Watch faces
An Apple job listing for a dedicated clock face team may suggest future fashion-brand partnerships, possibly in time for the updated watchOS updates that are likely to be revealed at this spring's Worldwide Developer Conference. Since the introduction of watchOS 2, there has only been four new watch faces, but three of them were left over from the first release, with only one truly new one -- the co-branded Hermés face exclusive to that edition. There is a rumored March 15 event, but if that takes place it will likely focus on new band options as regards the Apple Watch. http://apple.co/1O1TbTI
Microsoft may end Office Support Professional prog
Microsoft appears to be either ending or seriously revamping its "Accredited Support Professional Program" for training on Microsoft Office for Mac and iOS it has offered at MacTech conferences since 2013. The program is not on offer at the upcoming MacTech tour, which begins on March 16 in San Francisco and includes a number of other cities. Microsoft has released a statement that it is "evaluating options for 2016, but don't have anything to share at this time." http://bit.ly/1KDz3MQ
Office for Mac v15.18 released
Microsoft has issued an update for the Mac version of its productivity suite, Office 2016. The v15.18 update offers improvements for all of the included apps, such as bringing full screen support to Outlook and allowing Word to save PDF files to flash drives. In addition, a new selection pane has been added to PowerPoint and Excel for keeping track of objects, and shapes can now be added to OneNote notebook pages. The update is free for all users, but requires a Mac running OS X 10.10 or later and a valid Microsoft Office 365 subscription. http://bit.ly/1Q7pAzW