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Post by unlawflcombatnt on Dec 8, 2007 16:00:05 GMT -6
CompUSA closing all 103 storesThe consumer electronics store will run store-closing sales during the holidays to get rid of inventory. December 7 2007 " CompUSA said Friday it will close its stores after the holidays following sale of the company to an affiliate of Gordon Brothers Group, a restructuring firm.
CompUSA operates 103 stores, which plan to run store-closing sales during the holidays.
Privately held CompUSA, controlled by Mexican financier Carlos Slim Helu's Grupo Carso SA, said discussions were under way to sell certain stores in key markets. Stores that can't be sold will be closed.
Gordon Brothers will also try to sell the company's technical services business, CompUSA TechPro, and online business, CompUSA.com.
Terms of the transaction were not disclosed.
Dallas-based CompUSA has struggled for nearly a decade with falling prices on personal computers, its most important product, and competition from big-box retailers such as Best Buy....
(Carlos Slim's) Helu took the company private in 2000. The chain went through several CEOs and tried different turnaround strategies, such as a move this year to focus on core customers such as gadget users and small-business owners.
CompUSA closed more than 1/2 its stores this spring and got a cash infusion of $440 million to restructure...."
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Post by graybeard on Dec 8, 2007 19:50:18 GMT -6
Slim is reportedly the second richest man in the world; no doubt on the backs of millions of illegal aliens.
GB
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