CompUSA is the latest casualty in this 'robust' economy today.
Consumer electronics retailer CompUSA said Friday it will close its store operations after the holidays following sale of the company to Gordon Brothers Group LLC, a restructuring firm. Financial terms weren't disclosed.
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. It would be up to the buyers whether to continue the CompUSA name.
It’s almost certain competition from Best Buy, Circuit City and Wal-Mart were the final nails in the coffin for CompUSA.
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