CompUSA Closing Shop After Holidays

Monday December 10, 2007

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Computer & Video Games, Computer Accessories, Desktops & Laptops, Gadgets & Gizmos

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Comp USA

Mark up another brick-and-mortar casualty of the e-tail culture. Dallas-based consumer electronics store, CompUSA announced late last week that it would be closing up shop, following this holiday season.

The company, which was recently sold to the restructuring firm, Gordon Brothers Group, is in discussions to sell retail locations in certain locations. Those that the company can't sell will simply be closed. In the meantime, CompUSA stores will be celebrating the holidays with store closing sales.

Gordon Brothers is also attempting to sell off the company's technical service, which includes CompUSA TechPro and CompUSA's online presence, CompUSA.com. According to USA Today, the decision to maintain the Comp USA name will be in the hands of the company's buyers.

Last spring, CompUSA closed more than half of their retail locations, receiving a $440 million cash infusion for restructuring. The company currently operates 103 stores.

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Posted By: Brian Heater

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