CompUSA is No More
December 8th, 2007 Posted in Technology
- LOS ANGELES, Dec 7 (Reuters) - CompUSA, the computer and gadget retailer controlled by Mexican billionaire Carlos Slim, has been sold to a restructuring and investment firm that will close stores and sell some company assets. The new owner is Boston-based Gordon Brothers Group, which recently helped CompUSA sell under-performing stores. The terms of the deal were not not disclosed. Dallas-based CompUSA said on Friday that active discussions are underway to sell its technical services business, CompUSA TechPro, its online sales operation, CompUSA.com, and select stores in key markets. The chain’s 103 retail stores will remain open and staffed during the holiday season, offering discounts on computer and electronics ahead of the planned store closures.
First, Liquidation of over 100 stores; this was expected as Slim has been trying to get rid of his investment in the flailing dead company for some time. I’m sure Best Buy is reveling in this news. On that note, did you notice we have almost more Best Buys than Walmarts in the Buffalo area?
December 8th, 2007 at 8:59 pm
Nate - interesting - thanks for the update. It really sucked that CompUSA closed there Amherst store, since I started going there right before they closed.
December 9th, 2007 at 10:47 pm
I refuse to go into Best Buy unless it’s absolutely necessary.
I can never get in and out of that place without having to talk to at least 3 sales clerks. What a drag.