Circuit City returns with a new look

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Circuit City Is Making a Comeback

As you know, big-box retailers aren't in great shape. Shoppers are spending billions of dollars online, including $105 billion this past Christmas, so those expensive-to-operate brick-and-mortar stores have been shutting down for years.

Recently, Wal-Mart announced that it's closing hundreds of stores. Radio Shack is out of business, and that came after big-name retailers went kaput, like CompUSA.

Yet, one big-box retailer is making a comeback. Circuit City, which in 2009 liquidated its assets and shut down its hundreds of locations, is about to pop back on the scene.

A group of investors plans to bring it back as a streamlined, smaller store geared to young adults, the millennial generation. (See photo.) It will sell new tech, like drones, smartphones and 3-D printers.

See notable big-box stores that have gone out of business:

10 PHOTOS
Notable Big box stores that went out of business
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Circuit City returns with a new look
Tourist and locals pass in front of the adobe storefront of the F.W. Woolworths store on the Santa Fe Plaza Thursday, July 17, 1997. Woolworths announced the closure of all its U.S. stores Thursday, with the loss of 9,200 jobs. (AP Photo / Michael Pahos)
Shoppers visit the newly opened bookstore at a shopping mall in Kuala Lumpur, Malaysia, Tuesday, April 19, 2005. U.S. bookshop chain Borders opened its largest 60,000-square-foot (5,574-square-meter) store at Kuala Lumpur's Berjaya Times Square shopping mall carries more than 200,000 books, movies and music titles with publications available in English, Chinese, and the Malay languages in the world in Malaysia Tuesday, saying the multiracial country was chosen because of its diverse culture. (AP Photo/Andy Wong)
Juan Carlos Gonzales of Miami, carries his early morning Christmas purchases out into an empty mall, from a KB Toys Store in Miami, Friday Nov. 26, 2004. The store opened at 5 am for it's one day sale, the rest of the mall opens at 7:30 AM. (AP Photo/Hillery Smith Shay)
Store closing and sale signs share the marquee at a Linens 'n Things store scheduled to close in Pasadena, Calif., Saturday, May 31, 2008. Employees at a dozen Linens 'n Things stores in Los Angeles, Ventura and Orange counties today began a going-out-of-business sale, as the chain shutters 150 of its 500 stores nationwide. (AP Photo/Reed Saxon)
The Sam Goody music store fills up with holiday shoppers Thursday, Dec. 7, 2000, at the Mall of America in Bloomington, Minn. Best Buy Co. announced Thursday that it will purchase Musicland Stores Corp. for about $425 million in a deal which will give them 1300 additional retail outlets including Sam Goody, Suncoast, Media Play and On Cue. Best Buy also announced it will expand into Canada with 65 stores over three years starting in 2002. (AP Photo/Dawn Villella)
In this Feb. 9, 2004 file photo, a pedestrian walks through the parking lot of Tower Records in Los Angeles. LA music fans are singing the blues after the West Hollywood City Council voted to deny landmark status for the Sunset Strip building that formerly housed the flagship Tower Records store. (AP Photo/Ric Francis, File)
Prompted by an industry wide drop in personal computer earnings, retailer CompUSA announced an expansion of its product line Thursday, June 24, 1999 to encompass more high-technology equipment and software. CompUSA, which operates 211 stores in 79 cities, announced that it will close four stores soon and was considering closing as many as 10 others. It currently employs about 21,000 people. The stores will delve into selling equipment and software for other entertainment formats, like DVD movies, MP3 Internet music distribution technology, as well as digital cameras and camcorders. (AP Photo/Donna McWilliam)
Customers move in and out of a Nobody Beats The Wiz electronics store on Fifth Avenue, Wednesday, Dec. 17, 1997, in New York. The Wiz, the metropolitan area's largest electronics retailer, filed Tuesday for protection from creditors under federal bankruptcy laws. The company said it would close 17 of its 50 stores, mostly those outside New York City. (AP Photo/Ed Bailey)
Customers visit a Blockbuster Video store in East Amherst, N.Y., Monday, April 14, 2008. Blockbuster Inc. said Monday it has offered to pay more than $1 billion for struggling Circuit City Stores Inc., but the nation's second biggest consumer electronics chain questioned whether the movie-rental company can finance the deal. (AP Photo/David Duprey)
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The comeback plan, which emerged at the recent International Consumer Electronics Show in Las Vegas, is for its first new location to open in Dallas this summer. Ultimately, there will be up to 300 Circuit City locations around the country and, of course, an online shopping site, CircuitCity.com.

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