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May 17, 2008 12:51:56 AM CDT

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CompUSA to Close After Xmas  

Posted Dec 8, 07 6:28 AM CST in Technology,  Business    Most Covered

(newser) – CompUSA has been sold to a restructuring company and will be ending retail operations after the holidays, AP reports. The troubled electronics retailer, bought by Mexican telecom magnate Carlos Slim in 1999, closed more than half its outlets in the spring after repeated  turnaround efforts failed. Gordon Brothers Group will close the remaining 103 stores after holiday closing sales.

The buyers also plan to offload CompUSA's technical services business and online operations. CompUSA started out selling software in the '80s before branching out into selling computers, but had been hit hard by changes in the market and falling retail prices.

Source Associated Press

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CompUSA to Close After Xmas
CompUSA started out as a company selling software in the '80s and later branched out into retailing consumer electronice.   (Flickr)
CompUSA to Close After Xmas
CompUSA will be closing down its remaining 103 stores in the US after store-closing stales over the Christmas holidays.   (Flickr)
CompUSA to Close After Xmas
CompUSA has struggled for years to deal with changes in the market for personal computers.   (Flickr)
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