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Circuit City Corporation, Inc., formerly Circuit City Stores, Inc., is an American consumer electronics retail company, which was founded in 1949 by Samuel Wurtzel as the Wards Company, operated stores across the United States, and pioneered the electronics superstore format in the 1970s.
The Source (Bell) Electronics Inc., doing business as The Source (French: La Source), is a Canadian consumer electronics and cell phone retail chain. The chain goes back over 50 years in Canada, initially as Radio Shack and later as The Source by Circuit City.
Under Sharp, Circuit City's annual revenue grew from $175 million to 10.6 billion during his fourteen-year tenure. [2] The number of brick-and-mortar stores also increased from 69 in 1988 to more than 600 locations by 2000. [3] Sharp also moved Circuit City from its core consumer electronics business into new ventures, such as home security. [2]
Circuit City was profiled as one of the eleven companies in Jim Collins' 2001 book Good to Great. Wurtzel sold all of his Circuit City Stock in 2000, and left the company in 2001. [ 1 ] Under his leadership, the company grew to be the best performing Fortune 500 Company for any fifteen-year period between 1965 and 1995.
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Circuit City issued the first CarMax stock in February 1997, when CarMax had seven locations. Initially, the stock was a tracking stock still under the umbrella of Circuit City. CarMax officially split from Circuit City as of October 1, 2002, when it was spun off as a stock dividend for Circuit City shareholders, with shares also issued to ...
[2] [3] He joined Circuit City in 1987. [3] He became assistant vice president in 1989, president of central operations in 1991 and senior vice president of merchandising in 1994. [3] He served as president and chief operating officer from 1997 to 2000, as president and CEO from 2000 to 2002, and as chairman and CEO from 2002 to 2005. [1] [2] [3]
For example, a telephone number in North America consists of a three-digit area code, a three-digit central office code, and four digits for the line number. If the numbering plan area does not use an overlay plan with multiple area codes, or if the provider allows it for other technical reasons, seven-digit dialing may be permissible for calls ...