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The rumors of a liquidation started on Wednesday when technology blog Engadget wrote about a supposed Best Buy Co. internal memo informing employees about a possible closure of its rival. The Best Buy e-mail indicated CompUSA had stopped restocking shipments after February and had contacted liquidators. How did Best Buy hear of the possible closure? It stands to reason that the two retailers share vendors. In 2000, after several quarters of losses, CompUSA was taken private by Slim's Mexican conglomerate Grupo Carso SA for about $889 million. However, it continued to struggle even as it attempted to diversify its product mix through the acquisition of Californian electronics retailer The Good Guys in 2003. After failing to sell itself last year, CompUSA shuttered 126 stores in February, and it announced plans to refocus its remaining 103 around a more business-oriented product mix. However, a tour of the Midtown Manhattan store shows that little has changed since the February closures, and the same was noted on Internet message boards about other remaining stores. Full coverage will come later in The Daily Deal and on TheDeal.com. — Matthew Wurtzel See story from Dealbook Categories![]()
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