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Gateway To Close All Retail Stores
John Lazzaro writes "Looks like Gateway is throwing in the towel and closing all of its remaining retail stores, according to a Reuters/Yahoo! report." The story notes: "Gateway's stores, which will be closed on April 9, have long been criticized by analysts and investors as an expensive drag on cash flow because of lease costs and the difficulty of managing inventories", and goes on to suggest: "...with [the acquisition of] eMachines, Gateway doesn't necessarily need the added distribution channel the stores gave the company. In addition to selling Gateway's wares over the phone and via the Internet, eMachines PCs are sold at major retailers such as Best Buy."
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In Capitlist America.... Capitalism has You!
I couldn't resist.
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People, people, people. Gateway is not (as much as we wish they would) closing their retail stores, anymore than Google is giving away gigs of email. What day is it?
"Who are in control, they are not in control of anything - they don't even control themselves!" - Glen Beck