CompUSA closing 100 out of 229 stores in 2007
02-23-07, 05:19 PM
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CompUSA closing 100 out of 229 stores in 2007
http://consumerist.com/consumer/comp...res-239260.php
Not officially confirmed yet, but the writing is on the wall. They were the place to go in the 90's.
Chris
CompUSA will close 100 stores this year, according to an industry insider speaking to us under conditions of anonymity.
Currently, CompUSA has 229 stores.
News of the shuttering comes after recent corporate restructuring, and a swirl of rumors in recent weeks about the ailing retailer. One was that CompUSA might get a $400 million-plus infusion from Mr. Carlos Slim, Mexican billionaire chain owner. Another one posited that the retailer might buy, or be bought by, Tiger Direct.
Hammered by competition from Best Buy, Wal-Mart, Circuit City, and internet retailers, and burdened by over $100 million in unsalesable store inventory, Mr. Slim evidently thinks CompUSA's chances at recovery too narrow.
This bodes well for shoppers. Can we say fire sale? — BEN POPKEN
Currently, CompUSA has 229 stores.
News of the shuttering comes after recent corporate restructuring, and a swirl of rumors in recent weeks about the ailing retailer. One was that CompUSA might get a $400 million-plus infusion from Mr. Carlos Slim, Mexican billionaire chain owner. Another one posited that the retailer might buy, or be bought by, Tiger Direct.
Hammered by competition from Best Buy, Wal-Mart, Circuit City, and internet retailers, and burdened by over $100 million in unsalesable store inventory, Mr. Slim evidently thinks CompUSA's chances at recovery too narrow.
This bodes well for shoppers. Can we say fire sale? — BEN POPKEN
Not officially confirmed yet, but the writing is on the wall. They were the place to go in the 90's.
Chris
02-23-07, 05:31 PM
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That's too bad. I hate to see people lose jobs. But I guess if the people that run places like that can't do it right then everyone suffers. Well, everyone except the Clearance shoppers. 
Last edited by Giantrobo; 02-23-07 at 05:59 PM.
02-23-07, 05:35 PM
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Originally Posted by Giantrobo
That's too bad. I hat to see people lose jobs. But I guess if the people that run places like that can't do it right then everyone suffers. Well, everyone except the Clearance shoppers.
Chris
02-23-07, 06:00 PM
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Originally Posted by mrpayroll
But, how much you wanna bet that those execs got their new big fat salaries and bonus' all these years.
Chris
Chris
02-23-07, 06:18 PM
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I remember back in the day there would be like 100 people waiting to get in there on a Saturday morning. Now there is one about 5 miles from me and I think I have gone in there maybe 4 times in the last year and I think I only bought something once.
02-23-07, 08:54 PM
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Originally Posted by Giantrobo
That's too bad. I hate to see people lose jobs. But I guess if the people that run places like that can't do it right then everyone suffers. Well, everyone except the Clearance shoppers.
02-23-07, 11:15 PM
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Thats a shame, but not really a big deal to me anymore. I wish CompUSA carried more "do it yourself" parts a la Fry's as i'd probably frequent there more often for computer equipment. Of course, when i can get something from like NewEgg in a day and for 30% cheaper, CompUSA becomes even more useless.
02-24-07, 07:52 AM
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I used to work there for many years. in fact, the store i worked at in my area (naperville, IL), closed down last year. doesn't surprise me though, even when i worked there 8 years ago there was never anyone in there.
when this store closed down though, they really did mark down everything. 20% off some items, 50% of others. i almost bought a pair of shure headphones, i think they were at 20% off at the time. really wasn't a bad deal. Sad to see them go, but everyone in this post was right, no one goes there anymore. they only thing keeping them afloat is thier corporate sales. only bad part is that i have a good friend still working for them. hopefully his job remains!
when this store closed down though, they really did mark down everything. 20% off some items, 50% of others. i almost bought a pair of shure headphones, i think they were at 20% off at the time. really wasn't a bad deal. Sad to see them go, but everyone in this post was right, no one goes there anymore. they only thing keeping them afloat is thier corporate sales. only bad part is that i have a good friend still working for them. hopefully his job remains!
02-24-07, 08:51 AM
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Compu USA used to be pretty great as a computer store. Now, they are basically BB/CC. Microcenter rules these guys. My new house is like 5 mins. from one. That will be scary.
02-24-07, 10:18 AM
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Originally Posted by MovieExchange
Even the clearance shoppers might not get a good deal if they're not closing the entire chain down. In situations like this they usually put blowout prices on the absolute junk and then just transfer the remaining inventory to other locations.
I agree. When they had last year's Store Closure Sale there were some deals but nothing great.
02-24-07, 10:39 AM
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Originally Posted by DVD Josh
Compu USA used to be pretty great as a computer store. Now, they are basically BB/CC.
02-27-07, 06:15 PM
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According to the folks at SD, this is confirmed, and the liquidating starts TOMORROW!
Here's the revised list of stores they will have AFTER the closings. If you don't see your local store on the list, it's closing up shop.
http://www.compusa.com/locations/store.asp
Here's the revised list of stores they will have AFTER the closings. If you don't see your local store on the list, it's closing up shop.
http://www.compusa.com/locations/store.asp
02-27-07, 07:33 PM
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Originally Posted by bwsmom
According to the folks at SD, this is confirmed, and the liquidating starts TOMORROW!
Here's the revised list of stores they will have AFTER the closings. If you don't see your local store on the list, it's closing up shop.
http://www.compusa.com/locations/store.asp
Here's the revised list of stores they will have AFTER the closings. If you don't see your local store on the list, it's closing up shop.
http://www.compusa.com/locations/store.asp
02-27-07, 07:38 PM
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Originally Posted by kvrx64c
i can confirm this as well, i work in the san diego region and i found out today that they'll shut the stores down. all of cali and arizona are closing for good. it sucks balls, but what can u do when whoremart/circut city and worstbuy are kicking your ass. 60-90 days of employemnt left if i stay the duration of 90 or so untill all of the stock is gone ill keep my health insurance and get a pissy severance package
02-28-07, 09:10 AM
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If I get out of work early enough tonight I'll hit the one by me that is closing down, and see if they have anything work picking up.
02-28-07, 11:10 AM
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Originally Posted by ernestrp
When I put in my zip it says the closest one is 42 miles away in another state. I know there were atleast 4, probably more, that were within 20 or so miles of me.
-jarrod
02-28-07, 01:17 PM
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We have a thread in the bargain forum where people are going to post any deals they find. http://forum.dvdtalk.com/showthread....24#post7676424
03-06-07, 03:58 PM
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My PC buying habits evolved like this:
First PC - 1995 Circuit City
2nd - 1997 CompUSA
3rd - 2004 Costco
and I am pretty much never gonna go outside a Costco or Sams Club for my PC needs.
First PC - 1995 Circuit City
2nd - 1997 CompUSA
3rd - 2004 Costco
and I am pretty much never gonna go outside a Costco or Sams Club for my PC needs.