CompUSA Closing 100 Stores. Good Sign for Holiday Shoppers
By ryan | December 10, 2007
CompUSA has been undergoing a comprehensive restructuring of its company having both a new CEO and VP of sales and operations and many other senior executives being transitioned out. The investment group Gordon Brothers Group is more than likely behind the restructuring of the company.
Gordon Brothers Group is discussing the sale of stores in key retail markets and CompUSA’s other assets, including the Internet retail unit CompUSA.com and technical-support-services business CompUSA TechPro. Of the 103 stores on the chopping block, the ones that don’t sell will be shut down, CompUSA said in a statement. The stores will remain open during the holiday shopping season and provide heavy discounts on products.
The sale comes amid the financial struggles of CompUSA’s parent company, Mexico-based holding company US Commercial Corp. SA de CV.
Because of this instability and being trampled by its competitors, BestBuy, Circuit City, and other online retailers, CompUSA has decided to close over 100 stores nationwide.
Read the full story at PCworld.
Topics: Technology, Uncategorized |