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Article: CIRCUIT CITY STORES, INC. ANNOUNCES EXPANDED ROLLOUT PLAN FOR CARMAX
- Article from:
- PR Newswire
- Article date:
- June 11, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RICHMOND, Va., June 11 /PRNewswire/ -- Circuit City Stores, Inc. (NYSE: CC) today announced a five-year rollout plan for CarMax(R), the revolutionary used-car retail concept that the company created and introduced to the American consumer almost three years ago.
By calendar year 2001, CarMax expects to be operating 80 to 90 Superstores in 45 of the nation's top 50 advertising markets. The company currently operates five stores, including one each in the Richmond, Va.; and Charlotte and Raleigh, N.C., markets; and two in Atlanta, Ga. The largest of the Atlanta locations also sells new Chrysler, Plymouth, Jeep and Eagle products under a franchise agreement with ...