Circuit City customers wooed by Best Buy | Richmond Times-Dispatch
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Circuit City customers wooed by Best Buy
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By STAFF REPORTS Published: April 1, 2009 Best Buy Co., the biggest consumer-electronics retailer, offered its private-label credit card to former customers of Henrico County, Va.-based Circuit City Inc. Circuit City credit-card holders will automatically receive Best Buy cards through Chase Bank USA, Bloomberg News reported this morning. Notification of the change was sent to cardholders March 26, Sue Busch, a Best Buy spokeswoman, told Bloomberg. Chase also handled Circuit City's credit-card transactions. Circuit City was the second-largest U.S. electronics retailer before it began liquidation sales at its 567 U.S. stores this year. Those sales ended last month and the chain closed its U.S. stores. Jim Muehlbauer, Best Buy's CFO, said last month that a dramatic opportunity to boost his company's sales from Circuit City's exit will help revenue this year. -- Bloomberg News
http://www.timesdispatch.com/rtd/business/banking/bankruptcies/article/CIRCGAT01_20090401-090005/... 4/7/2009