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On November 4, 2008, Circuit City announced that it would close 155 stores and lay off 17% of its workforce by the end of the year as a result of continuing difficulties in remaining profitable. [48] [49] On November 7, 2008, Circuit City laid off between 500 and 800 corporate employees from its Richmond, Virginia headquarters.
The company lost market share in its housewares and electronics sectors to giant discounters, such as Walmart and Bed Bath & Beyond, and later Best Buy and Circuit City. Although Service Merchandise was early to embrace the Internet in the 1990s, generating tens of millions of dollars in sales, it was not enough to offset the damage done by the ...
Circuit City – filed for bankruptcy in 2008 and liquidated on March 8, 2009; [83] [84] [85] reopened online through Tiger Direct in April 2009; closed again in late December 2012; intellectual property was sold again to Circuit City Corp. in January 2016, which plans to open an online operation and retail stores; CompuAdd – bankrupted in ...
In November 2016, the City of Memphis officially purchased the Raleigh Springs Mall property, making way for a complete demolition and re-development of the space into a civic center. [8] The City of Memphis plans to spend approximately $32 million in capital to create a civic plaza on the space once occupied by the Raleigh Springs Mall.
At the time of the name change to Macy's, five Goldsmith's stores remained in existence. Macy's current employee volunteer program, Partners in Time, was founded in 1989 at Goldsmith's (and Rich's) as a way to give back to the community. Among the popular slogans of the store, one was "Memphis' Greatest Store," words seen prior to the name ...
Wolfchase Galleria is a regional shopping mall in northeast Memphis, Tennessee, United States. The mall is managed by Simon Property Group. It is located across the street from the Bartlett city limits at the intersection of Germantown Parkway and Interstate 40. Wolfchase Galleria features 117 stores and a food court.
The Mall of Memphis was a shopping mall in Memphis, Tennessee, containing 885,627 sq ft (82,277.4 m 2) of retail space and 5,564 parking spaces. The mall opened October 7, 1981, closed on December 24, 2003, and was demolished in 2004. Among other things, the mall was home to the Ice Chalet, Memphis's only public ice rink.
In 1995, Dillards built a store expansion in the center court of the mall for the men's and children's store while the existing Dillards on the west end of the mall became the women's store. In 2005, Federated Department Stores rebranded all of the Goldsmith's locations as Macy's.