Text Size

CompUSA bought out, to shutter stores

updated 09:35 pm EST, Fri December 7, 2007

CompUSA bought out

Troubled electronics retailer CompUSA today said it has been sold to investment firm Gordon Brothers Group, ending a significant component of the company's business. The plan will see CompUSA sell off some of its physical stores as well as its company website and its TechPro technical support service. The 103 stores that have remained since the company's previous round of closures will remain open until the end of the holiday season. Key Gordon Brothers Group principal Bill Weinstein will take over from current CompUSA headman Roman Ross as part of the deal.

None of the financial terms have been revealed by either firm.

The further shrinking of the company comes in the wake of generally poor performance against larger firms such as Best Buy, whose size and emphasis have undermined CompUSA's ability to compete. Reports from former retail staff also point to conflicted approaches to store policy, with the company repeatedly changing the terms of both in-store warranties and employee sales commissions. Gordon Brothers has not said when it expects CompUSA to return to a healthy state.

 
Previous Comments

Good riddance

12/07, 09:47pm reply

From the competition stand point, it's not a good thing, but good riddance, nevertheless.

Paul Huang

Forum Regular

Joined: Sep 1999

0

I like CompUSA

12/07, 10:27pm reply

Dude, s**** you.

I like CompUSA, it was the only place to find some things. You go run to BestBuy right quick and try to find a ribbon cable that broke in your external firewire enclosure.

Oh, and f*** Microcenter too.

lysolman

Fresh-Faced Recruit

Joined: May 2005

0

hey, hey, hey...

12/07, 10:37pm reply

...GOOD-BYE!

CompUSA was c***. Buying stuff there was like buying aspirin at 7-Eleven... you paid out the a** for the convenience. I only ever used them if I needed something immediately and someone else was paying.

Before the first bloodletting, there was a CompUSA 20 minutes away from my house, but if I needed something for myself quicker than NewEgg could get it to me, I'd drive an hour to the local Micro Center.

phillymjs

Fresh-Faced Recruit

Joined: Jun 2000

0

Too Bad

12/07, 11:05pm reply

Around me, CompUSA was the only to go to buy Mac software. It also was the only place to go if you wanted a decent deal on various things such as cables (yes, I know you could buy cheaper online). Also the Apple Store in Store concept was nicely done when compared to the former experience at places like Best Buy, Circuit City and Sears. In fact, I think CompUSA's stores played an important role in helping save Apple.

Terrin

Fresh-Faced Recruit

Joined: Jan 2006

0

which stores?

12/07, 11:43pm reply

Are all of the stores closing? Is there a list of stores to be closed somewhere?

OkieDoc

Fresh-Faced Recruit

Joined: Aug 2001

0

you still buy...

12/08, 02:51am reply

...stuff from bricks-and-mortar stores in the US?

how quaint.

adrian_milliner

Fresh-Faced Recruit

Joined: Jun 2005

0

Can't say I'll miss them

12/08, 08:09am reply

in general, but it was the only Mac retailer in town.

I didn't buy much more than an occasional peripheral, and in general the staff sucked. I guess I'll have to drive a couple hours to the closest Apple Store to drool now.

yakirz

Fresh-Faced Recruit

Joined: Oct 2001

0

A lesson to be learned...

12/08, 08:49am reply

The lesson to be learned in all of this... Crappy service, employees who know nothing about the products they sell, and ridiculously high prices along with a exceptionally difficult return policy don't tend to help you stay in business.

Let this be a lesson to all of the other major retailers. s**** your customers, and we start to shop online - and you eventually go out of business.

I won't miss 'em. Good riddance.

CadetStimpy

Fresh-Faced Recruit

Joined: Sep 2003

0

Firesale

12/08, 08:59am reply

So when does the clearance sale begin?

Dalhectar

Junior Member

Joined: Jan 2002

0

CompUSA

12/08, 09:23am reply

Where America Buys Technology... At Inflated Prices. RIP. *The term is "BRICK and Mortar" and yes, we still buy "stuff" in them in the USA. We also have another "quaint" custom... we BATHE.

chotty

Fresh-Faced Recruit

Joined: Jan 2003

0

Popular News