Circuit City’s Canadian operations have been in question ever since the US locations started showing signs of death. CircuitCity.com had previously stated that the Canadian locations would operate normally but that doesn’t seem the case as all 765 stores are headed to the auction block this week. The Source, as the stores are called in Canadaland, were previously purchased from Radio Shack by Circuit City in 2004 and now might change hands again. Rumor has it that Best Buy wants the 765 retail locations.
The Source are small retail outlets; think Radio Shack. Best Buy just opened three small locations in Canada and so this purchase could rocket forward their infiltration plans in the Great White North. So far there hasn’t been any official announcement of potential buyers. If a buyer isn’t found, these stores could find their way onto the same path to liquidation hell that the US locations are currently on.
We have more than 3 Best Buys in Toronto alone. Your article is slightly misleading.
You may want to know that Best Buy already owns Future Shop here (their only real competition) and so I really don’t think they will want the Source. they are pretty small and for the most part across the street from either a Best Buy or a Future Shop, so I really don’t see the value in it for them.
He meant 3 best buy mobile stores, not 3 best buy stores. So the artlicle is not really, misleading…
The Source did not previously belong to Radioshack.
The Canadian Radioshack chain was a separate company called InterTAN run out of Barrie. They licensed the Radioshack name to use in Canada until Circuit City bought them.
InterTAN had been separate from Radioshack for well over a decade before that.
Intertan HO is a bunch a Lying Thieves & l for one will be pleased to see the Die!