Over Memorial Day weekend, Systemax revived the Circuit City brand name and website by buying the rights for $14 million.  Since then the Circuit City website has seen a fair number of deals and products reappear.

Systemax bought out the CompUSA brand and website for a discounted price when that retail store went under too.  Systemax is the same company behind TigerDirect.com.  The problem with the CircuitCity.com website is that the deals are very similar to what is available on the TigerDirect and CompUSA websites.

Many of the products on the CircuitCity website are selling for lower prices than the Best Buy website and is comparable to NewEgg or Amazon.com according to CNET.  But when it comes down to it, the new CircuitCity is a TigerDirect and CompUSA’s triplet.  Save your time and look at one of the three websites when shopping online.

Circuit City has found a buyer for their Canadian subsidiary The Source.  Canadian telecommunications BCE has acquired the 750 stores from Circuit City for an undisclosed amount.  BCE and Bell plans to expand their retail prescence through this acquisition.

Bell has been looking for a way to expand sales for their “wireless, digital TV, Internet and home phone services.”  Circuit City is in the process of going bankrupt and liquidating all of their assets.

[via DealBook]

Circuit City Stores, Inc. (OTC:CCTYQ) announced today that they are asking a bankruptcy court to allow them to close all their stores and sell off all their assets.  What cause Circuit City to go downhill?  Circuit City staff struggled to provide technical advice to customers.  They stopped investing in hiring and training programs.