Klipsch and Energy Audio Products To Arrive in Stores and Online at Circuit City
Posted on June 18, 2008
Filed Under News
RICHMOND, Va., June 18 /PRNewswire-FirstCall/ — Klipsch Group, Inc.
and Circuit City Stores, Inc., today announce that Circuit City will be
introducing a superior selection of home audio equipment, including
products offered under the Klipsch and Energy brands in all of Circuit
City’s nearly 700 stores nationwide and online at http://www.circuitcity.com
Klipsch Group, Inc. is a leading global force in premium sound
solutions, owning four of the audio industry’s most respected brands:
Klipsch(R), Energy(R), Mirage(R) and Jamo(R). Select Klipsch and Energy
products will be merchandised in Circuit City stores, with the rollout
beginning in August.
With respect to the 62-year-old Klipsch brand, Circuit City will carry
its high-value, high-performance Synergy Series assortment of home theater
products, including floorstander and bookshelf models, center channels,
surround speakers and subwoofers, with prices ranging between $250 and $900
per pair. A compact, five-model home theater bundle will also be part of
the selection.
For Energy — which has over 30 years of loudspeaker engineering and
manufacturing experience — this new partnership marks the first time the
brand has ever been offered through a national retailer. The complete
six-piece Take Classic home theater system, with its sleek design,
exceptional performance and unbeatable value, will retail for less than
$600.
“We could not be more thrilled to incorporate Klipsch Group products
into our home entertainment experience,” said Philip J. Schoonover,
chairman, president and chief executive officer, Circuit City Stores, Inc.
“They say a picture is worth a thousand words, but in a home theater, a
picture can only be as good as it sounds, and with the Klipsch and Energy
brands, our customers will truly be investing in world-class audio to match
their world-class home entertainment system.”
Fred Klipsch, chairman and chief executive officer of Klipsch Group,
Inc., completely agrees with Schoonover. According to Klipsch, studies have
shown that consumers will identify one TV as having a better looking
picture than another, even when the only difference between the two TVs is
a high quality speaker system. “Spending your entire home theater budget on
a television alone is like buying a premium car without a high-performance
engine,” said Klipsch.
“This new partnership will not only help consumers understand the
important role sound plays in a home theater system, it will also broaden
market penetration and exposure for the Klipsch and Energy brands, as well
as make Circuit City a new destination for purchasing premium audio.”
About Circuit City Stores, Inc.
Circuit City Stores, Inc. is a leading specialty retailer of consumer
electronics and related services. At May 31, the domestic segment operated
through 687 Superstores and 9 outlet stores in 158 U.S. media markets. At
May 31, the international segment operated through 775 retail stores and
dealer outlets in Canada. Circuit City also operates Web sites at
http://www.circuitcity.com, http://www.thesource.ca and
http://www.firedog.com
About Klipsch Group, Inc.
Klipsch Group, Inc. (KGI) is a leading global manufacturer of premium
sound solutions for the consumer and professional markets. With the
legendary Klipsch(R), Energy(R) Mirage(R) and Jamo(R) brands under its
corporate umbrella, KGI collectively offers over 160 years of superior
engineering and world-class research and development experience. Chairman
and CEO Fred S. Klipsch, along with his wife, Judy, purchased Klipsch &
Associates from founder and cousin Paul W. Klipsch in 1989. Then in 2005
and 2006, the company acquired the Denmark-based Jamo and Canadian-based
Audio Products International respectively to accelerate global growth and
establish a more competitive, cost-efficient company. KGI is privately held
with worldwide headquarters in Indianapolis, Ind. For more information on
all the KGI brands visit: http://www.klipsch.com, http://www.energy-speakers.com,
http://www.miragespeakers.com and http://www.jamo.com
SOURCE Circuit City Stores, Inc.
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