Amazon.com and Circuit City Announce Ecommerce Deal

Posted on August 23, 2001

Amazon.com announced that Circuit City stores will offer several thousand consumer electronics items for sale at Amazon.com, with purchases ready for immediate pickup at hundreds of Circuit City stores nationwide. The expanded selection and in-store pickup will launch in Novembern. Where both Amazon.com and Circuit City offer the same electronics products, customers will have a choice between Amazon.com shipping options and immediate pickup from more than 600 Circuit City stores. Amazon also similar alliances with other companies including Toysrus.com, Borders Group, Inc. and America Online.

``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 CEO of Amazon.com. ``For electronics shoppers who want their merchandise right away, our new in-store pickup option is a great way for them to get exactly what they want, when they want it.''

``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. Circuit City and Amazon.com have the knowledge, skills and people in place to make this a great customer experience,'' said W. Alan McCollough, president and chief executive officer 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.