CircuitCity.com: alive and well and better than ever!

“A New York company has completed its acquisition of defunct retailer Circuit City Stores Inc.’s e-commerce business and relaunched what it calls a “new and improved” CircuitCity.com Web site.

Port Washington, N.Y.-based Systemax Inc. (NYSE: SYX) said in a statement that it plans to compete with other online retailers by offering discounted prices, fast shipping and a wide selection of products, as well as offering photo galleries and videos of thousands of consumer electronics and computer products. The company paid $14 million in cash for the site and related assets, plus a share of revenue over 30 months generated using assets it picked up from the former Richmond, Va.-based company.”

Tags: bankruptcy, Circuit City, Linkedin