Insider Brief
- Circuit City announces the launch of its Series A funding round and plans for strategic alliances with national companies, aiming to revolutionize the consumer electronics shopping experience through “Powered by Circuit City” partnerships.
- These partnerships will feature a store-in-store concept, allowing customers to explore and purchase a curated range of electronics at established national company locations, both online and in-store, starting this year with a broader rollout planned for 2024.
- Circuit City, with a legacy of nearly 75 years, is known for its consumer electronics solutions and customer service and the company’s comeback since 2018 focuses on eCommerce, B2B eCommerce, the “Powered by Circuit City” initiative, and a Marketplace, aiming to be the premier online destination for consumers, businesses, and third-party sellers.
PRESS RELEASE — NEW YORK /November 14, 2023/(BUSINESS WIRE) — In a move set to redefine the modern technology and eCommerce landscapes, Circuit City is thrilled to announce the launch of its Series A funding round and plans for strategic alliances with national companies. Designed to revolutionize the contemporary shopping experience in the consumer electronics industry, these “Powered by Circuit City” partnerships will seamlessly integrate Circuit City’s electronics expertise and global brand awareness with other platforms, both online and in-store.
A pioneering store-in-store concept will be the centerpiece of these collaborations, empowering customers of established well-known national companies to explore and purchase a range of electronics, curated by Circuit City. The ventures amplify Circuit City’s reach, giving shoppers an integrated experience while blending other products with cutting-edge technology.
Ronny Shmoel, CEO of Circuit City, emphasized, “The partnerships are a collaboration of iconic brands, reflecting Circuit City’s dedication to innovation and commitment to delivering strategic AI-driven solutions to an even wider customer base.”
The integrations are slated to kick off online and in select locations this year with plans for a more expansive rollout in 2024. “Powered by Circuit City” is an innovative store-in-store eCommerce partnership that enables retail partners to capitalize on the growing consumer electronics market. Companies in various industries often recognize the potential of this lucrative space but lack the necessary expertise and infrastructure. Circuit City addresses this gap by offering access to its platform, brand awareness, customer service, private label products, and a white-glove consumer electronics experience.
About Circuit City
With a legacy spanning nearly 75 years, Circuit City has established itself as a trailblazer in the consumer electronics industry. Known for delivering innovative technology solutions coupled with exceptional customer service, it has remained a favorite among tech enthusiasts across the nation. Circuit City is on the verge of an extraordinary comeback since its 2018 re-launch, set out to revolutionize the consumer electronics industry and aspiring to become the premier online destination for individual consumers, businesses and third-party sellers. The company intends to execute a business plan inclusive of four core pillars: eCommerce, B2B eCommerce, Powered by Circuit City, and Marketplace. Circuit City’s Series A funding round is now open for investment.
Contacts
For media inquiries, contact: press@circuitcity.com
For investor inquiries, contact: investor.relations@circuitcity.com
