Amazon.com Offers Circuit City Products21 Aug, 2001 By: Hive News
Circuit City stores will offer several thousand consumer electronics items for sale at Amazon.com, but purchases must be picked up at Circuit City stores.
The expanded selection and in-store pickup will launch in November for the holiday shopping season.
Where both Amazon.com and Circuit City offer the same electronics products, customers will have a choice between traditional Amazon.com shipping options and pickup from more than 600 Circuit City stores. Items offered by Circuit City that are not offered in the Amazon.com Electronics store will be available exclusively for in-store pickup; merchandise offered by Amazon.com that is not available at Circuit City will be delivered exclusively from Amazon.com.
``We're thrilled to be working with Circuit City to provide our customers with an even greater selection of cool electronics products, as well as the option of in-store pick-up,'' said Jeff Bezos, founder and c.e.o. of Amazon.com.
``Circuit City is excited to join our name with that of the leading customer-focused e-tailer and believes this agreement will serve as a revenue generator for both companies,'' said W. Alan McCollough, president and c.o.o. of Circuit City Stores Inc.
Under terms of the agreement, Amazon.com will be paid a percentage of the revenue for Circuit City electronics merchandise purchased through Amazon.com's Electronics store. Amazon.com will be responsible for processing the transaction; Circuit City will be responsible for product fulfillment, as well as providing product-related customer service. Circuit City will accept returns on merchandise picked up at Circuit City stores.
Additional terms of the multi-year agreement were not disclosed.
The agreement with Circuit City is the latest alliance between Amazon.com and other companies, including Toysrus.com, Borders Group Inc. and America Online, which use or will use Amazon.com's online retail platform.
The alliance with Circuit City expands Amazon.com's electronics business, which launched in July 1999 and is the company's second-largest U.S. business after books. The company has since added thousands of additional products to its Electronics line, including a Camera & Photo store and a Cell Phones & Service store.