Systemax Revives CompUSA and Circuit City: A $44M Bet on Defunct Retail Chains
Systemax Inc. has plans to revive two defunct retail chains, CompUSA and Circuit City, after acquiring their names in 2008 and 2009 respectively. The company bought the rights to CompUSA for $30 million and Circuit City for $14 million.
Systemax Inc. acquired the CompUSA name in 2008 and Circuit City in 2009. The company is now aiming to revive these once-popular retail chains for profit. The U.S. Securities and Exchange Commission's website has records of these sales. Meanwhile, the Oregon Secretary of State's Business Registry Database can be used to research company names and their registration dates.
Systemax Inc. has spent a total of $44 million to acquire the rights to revive CompUSA and Circuit City. The company's plans to revive these defunct retail chains are now public record on the U.S. Securities and Exchange Commission's website.
