CompUSA going out of business?
Posted by denglishbi on December 6, 2007
I couldn’t believe it when they closed up shop in MN, but now it looks like they are going to be done for good in the next couple of months. Just read this posting on Engadget this morning:
So we’ve heard enough banter about CompUSA being on its last legs and possibly shuttering completely after closing more than half the chain’s stores earlier this year. Well, chalk this up to rumor (in fact, rumor with prejudice if you must), but we’re privy to a high-level internal email competitor Best Buy recently circulated which claims to have it on authority (but not "verified") that CompUSA’s holiday revenue is half what it was last year (which, as commenter Hans points out, might have to do with those store closures), store-restocking shipments are not being scheduled past February, and additional liquidators are being called in to help manage closure of the 103 remaining stores. Sure, it could be a sneaky misinformation campaign — or it could be the truth. We gave CompUSA a ring, and their PR team has yet to respond to the claim; but for what it’s worth, if we weren’t already hearing this kind of thing elsewhere (or didn’t believe it plausible) we wouldn’t waste your time.