/ Technology

Systemax cites a tough market as it shuts down ProfitCenter Software

Systemax, which recently added CircuitCity.com to its stable of retail operations that include TigerDirect and CompUSA, is shutting down its unprofitable ProfitCenter Software business, an e-commerce technology provider with about 10 retailer clients.

Posted 06/03/2009Katie DeatschPost a comment

/ Technology

The lights go back on at CircuitCity.com

Wasting no time after buying the domain name of bankrupt electronics retailer Circuit City, new owner Systemax today relaunched CircuitCity.com. The new owner bought Circuit City customer lists, and it is encouraging customers to stay on those lists.

Posted 05/22/2009Katie DeatschPost a comment

/ E-Retailers

CircuitCity.com won’t stay offline for long

Systemax isn’t disclosing precisely when it will make CircuitCity.com live once more, but the company does say it’s “only days” away. When the site does go live, it will have lower prices, more products and better customer service, Systemax says.

Posted 05/20/2009Bill BriggsPost a comment

/ Technology

E-commerce stocks go along for the ride as Wall Street slides for the week

The Internet Retailer Online Retail Index fell 6.5% last week, faster than the broader stock market. Shutterfly looked pretty as a picture, as its 10.7% gain in share price led the way among the 25 e-commerce stocks in the Online Retail Index.

Posted 05/18/2009Katie DeatschPost a comment

/ Technology

Systemax clears the final hurdle in its $14 million bid for CircuitCity.com

It’s official: CircuitCity.com is now part of Systemax Inc. A judge for the U.S. Bankruptcy Court for the Eastern District of Virginia late yesterday approved the results of a May 11 auction, which included Systemax’s winning bid of $14 million.

Posted 05/14/2009Katie DeatschPost a comment

/ Technology

Circuit City consults with others prior to auctioning off its web store

Bankrupt Circuit City wants some extra help in selling off its most important remaining assets: its e-commerce operation and brand names. Late last week Circuit City hired Streambank LLC, a Boston intellectual property consulting firm

Posted 04/22/2009Mark BrohanPost a comment

/ Technology

Bidding ramps up for CircuitCity.com as Systemax offers $6.5 million

Systemax Inc. has made a $6.5 million bid for CircuitCity.com, the Circuit City name and other assets of bankrupt Circuit City Stores Inc. A judge is slated to rule on a final May 11 auction date this week.

Posted 04/13/2009Katie DeatschPost a comment

/ E-Retailers

CompUSA names a new head of business development

CompUSA, a unit of Systemax, has hired Enas Raynor as vice president of business development. Raynor joins CompUSA from Circuit City. She will be involved in rolling out CompUSA’s Retail 2.0 store concept that melds online and store shopping.

Posted 03/10/2009Katie DeatschPost a comment

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