CarMax 2000 Annual Report Download - page 2

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THE CIRCUIT CITY STORES, INC. COMMON STOCK SERIES INCLUDE:
Circuit City Group Common Stock (NYSE: CC). Circuit City is a leading national retailer of brand-name consumer electronics, personal computers, major appliances and enter-
tainment software. At the end of fiscal year 2000, the Circuit City business included 571 Superstores in 155 markets and 45 Circuit City Express mall stores. The Circuit City Group
also includes a retained interest in the equity value of the CarMax Group. The Circuit City Group includes Digital Video Express,which is now classified as a discontinued operation
for financial reporting purposes.
CarMax Group Common Stock (NYSE: KMX). As the pioneer of the used-car superstore concept,CarMax is transforming automobile retailing with a friendly offer that delivers
low, no-haggle prices, a broad selection and high-quality customer service. At the end of fiscal year 2000, CarMax operated 40 locations,including 34 used-car superstores and 20
new-car franchises.
IN THIS REPORT, WE USE THE FOLLOWING TERMS AND DEFINITIONS:
Circuit City Stores and Circuit City Stores, Inc. refer to the corporation, which includes the Circuit City retail stores and related operations,the CarMax retail stores and related
operations, and the company’s interest in Digital Video Express,which is classified as a discontinued operation.
Circuit City refers to the retail operations bearing the Circuit City name and to all related operations such as product service and its finance operation.
Circuit City Group refers to the Circuit City and Circuit City-related operations, the retained interest in the equity value of the CarMax Group and the company’s interest in Digital
Video Express, which is classified as a discontinued operation.
CarMax Group and CarMax refer to retail locations bearing the CarMax name and to all related operations such as its finance operation.
FORWARD-LOOKING STATEMENTS:
This report contains forward-looking statements, which are subject to risks and uncertainties, including, but not limited to,risks associated with the development of new business
concepts. Additional discussion of factors that could cause actual results to differ materially from management’s projections,forecasts, estimates and expectations is contained in the
company’s SEC filings,including the Circuit City Stores, Inc.“Management’s Discussion and Analysis” contained in this annual report.
Making it easier.
Easier to learn about new technologies
through knowledgeable sales help and
effective displays. Easier to find the real
price of a car through low, no-haggle
prices. Easier to buy any way the consumer
wants to buy
—
in our stores and online.
Serving the consumer by making it easier.