Amazon to Offer Circuit City Products
SEATTLE (AP) - Online retailer Amazon.com said Monday it will begin offering thousands of Circuit City products on its Web site, but customers will have to go to their local Circuit City store to pick up those purchases.
Amazon expects to begin showing the Circuit City products in November, spokeswoman Patty Smith said. Under the terms of a three-year agreement, the companies hope to be able to deliver Circuit City products to customers sometime next year.
Seattle-based Amazon will take a percentage of each Circuit City purchase made through the Amazon Web site, Smith said. Other financial terms were not disclosed.
Smith said the alliance, scheduled to launch just in time for the holiday season rush, will not change Amazon's revenue guidance for the fourth quarter.
Under the agreement, Amazon will process an order, while Circuit City will be responsible for filling it. In some cases, Smith said the same item will be available on Amazon's Web site, either from Circuit City or Amazon, perhaps even at different prices.
Amazon is counting on a holiday season buying spree to reach pro forma operating profitability - a type of profitability that excludes many expenses, such as stock options and losses from investments - in the fourth quarter of this year.
SEATTLE (AP) - Online retailer Amazon.com said Monday it will begin offering thousands of Circuit City products on its Web site, but customers will have to go to their local Circuit City store to pick up those purchases.
Amazon expects to begin showing the Circuit City products in November, spokeswoman Patty Smith said. Under the terms of a three-year agreement, the companies hope to be able to deliver Circuit City products to customers sometime next year.
Seattle-based Amazon will take a percentage of each Circuit City purchase made through the Amazon Web site, Smith said. Other financial terms were not disclosed.
Smith said the alliance, scheduled to launch just in time for the holiday season rush, will not change Amazon's revenue guidance for the fourth quarter.
Under the agreement, Amazon will process an order, while Circuit City will be responsible for filling it. In some cases, Smith said the same item will be available on Amazon's Web site, either from Circuit City or Amazon, perhaps even at different prices.
Amazon is counting on a holiday season buying spree to reach pro forma operating profitability - a type of profitability that excludes many expenses, such as stock options and losses from investments - in the fourth quarter of this year.
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