CompUSA Closing More Than 50 Percent of Stores

Zurbrick writes to tell us that CompUSA hs announced that they are closing the doors on over half their stores over the next three months. "CompUSA said in a statement it would close 126 of its stores and would receive a $440 million cash capital infusion, but it was not specific as to the source of the cash. The company also said it would cut costs and restructure. The company operates 225 stores, which its Web site says are located in the United States and Puerto Rico. "

Comments

Not the end of retail -- just economic Darwinism

[Alfthemack]

It's just bad management! Fry's is doing relatively well in most of their locations. Best Buy is doing okay. Circuit City is limping along. Shipping costs negate the whole buying direct thing. Who wants to spend $3 on shipping for a $5 cable? Radio Shack is having similar issues. There are way too many non-Slashdot consumers that like their hands held when purchasing computers and other electronics. Yes, computers are electronics with semi-conductors. Wal-Mart and Target carry common USB cables, blank CD's, etc. IKEA carries powerstrips.

15-20 years ago, the big box discounters were putting the smaller mom and pop retailers out of business. Now, the better managed (Wal-Mart, Target, Fry's, OfficeMax, IKEA, BestBuy) big box stores are putting the lesser managed (K-mart, Toys'R'Us, Circuit City, CompUSA) stores out of business. Retail is obviously still strong for even the smaller players. Apple and HP are doing well with consumers via retail. Dell and Gateway? They are both in a small funk right now.

CompUSA would be better off emulating Fry's. K-mart is one retailer that as proven that one can't shrink it's way back into the hearts of consumers. (Note to those in the Bay Area: The Fry's in Austin, TX actually has competent employees!)

I'm gonna miss the sales....weekly.

[cayenne8]

Oh man....this sucks.

One of my favorite things is to look in the Sunday paper for the CompUSA sale ads and see what I *need* to buy. Between them and Office Max, I've stocked up over the years with tons of 'free' with rebate blank CD's, $0.50 DL DVD's....250G and 300G drives for about $100...and 4-5 Haupauge PVR x50 cards for Mythtv boxes...etc.

Damn..I'm gonna miss all that cheap stuff...Best Buy simply does not have the inventory or prices you can get from CUSA.

Guess I need to stock up on what I can next few weeks.