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CompUSA To Close All Stores
An anonymous reader writes "Mexican telephone and retail magnate Carlos Slim, in a rare defeat, will exit the US consumer electronics market, shutting the last 100 CompUSA Inc. stores after sinking about $2 billion into the business. Gordon Brothers Group, a Boston-based retail store liquidator, will oversee a piecemeal sale of the Dallas-based business, the company said in a statement. Financial terms were not disclosed. Stores will remain open through year-end under the supervision of Gordon Brothers, which will also negotiate the sale of real estate and other assets."
Glad to hear that they're shutting down. I worked there for nearly a year on the front end...awesome coworkers and general atmosphere, but store policies, managers, etc, sucked. Bad(ly?). Ripped off customers on return policies, warranties, replacement plans, etc. Restocking fees? At the manager's discretion, of course.
Thank god, is all I can say.
-- 297504 from store 354...
What's stupid is that I'm told by an employee of CompUSA that they've been working on opening a new store in Colorado this coming week. Only, now instead of having a grand opening, the first day the store opens will also be a liquidation day.
It's kind of amazing how fast they did all this. Management got the news Friday afternoon, via telephone. Within a couple hours, there were a couple of guards on premises to make sure employees did not steel anything. Employees were forbidden from buying anything "at cost" which employees apparently have always been allowed to do. By the end of the night, liquidation guys had arrived from corporate and were going through the process of taking inventory and repricing so they could (presumably) begin actual liquidation sales this weekend.
It's just damn crazy. I've never cared for CompUSA except that since there are no longer any real mom and pop independent computer stores around, your choice is between CompUSA and Fry's. And Fry's isn't available in most places (which is a shock to those of us from the west coast when we visit other parts of the country). Without even a CompUSA around anymore, I don't know where you're going to pick up hardware in person? It was always nice to have a place you could go to as a last resort if you needed to replace a mobo RIGHT NOW.
I'm from Europe, so I don't really get it... but please, help me. Why is it that the majority of Americans (and many Europeans to be fair) seem to think that only "Big Name" chain stores can provide these essential services to them? As far as I can see this model seems to cater only for corporate greed mongers, and the crappy service you recieve seems directly related to this. What's was flaunted as capitalism has emerged as an oligopoly of one or two market leaders at best. I read here that people have only 2 stores to choose from in their town, or not even that many. Wow, there's choice in action. Might as well sell only two brands of cola and be done with it. You say "but hey, it's cheaper this way..." and sure, the chain stores might save you a few cents due to their vast economy of scale, but what about everything you loose to tighten the purse strings?
You complain about the service, but greedy corporate chains don't pay much, so who works there? As the old adage goes, pay peanuts and you get monkeys. Moreover, as they're the only store in town you can like it lump it as far as they're concerned. No wonder they treat the public with contempt, we let them. Perhaps its time we returned to the old days of smaller, private stores??? After all, if my business relies on a good reputation and repeat trade I'm likely to offer a good service in return. Yes, things might cost a little more, but then you have to also ask the question about whether you're paying the true cost of anything these days. For example, I live in the Sub-Carpathian region, but amazingly bananas are cheaper than apples in the supermarket! Eh? Same for most products now, be it computers, food, clothes... all the same, someone gets screwed somewhere because the end user is tight fisted. Maybe, just maybe, we have to stop thinking about everything in simple $$$$ terms. People say they saved x number of cents on a product, but wasted x number of hours (and stress) when it didn't work, went wrong etc.
I for one will continue to support my local, privately run computer store. I pay a little more, but I get to talk to a guy who knows what he's on about, can find what I want and competently fix my machine when it's wrong. I save a lot this way, time and blood pressure namely, and as an added bonus I know a decent chap's getting paid fairly for his work. Chain stores will never compete with that level of service, not in a million years.
The first thing that built them up as a company. Good salespeople who were paid good commissions. It was typical for people to make 40-50k a year in sales. Even those in software did well.
Then, management(VP's, RM's, DM's) somehow went crazy. Sales were going down a little. So, they started to go crazy on people anytime something was amiss. Maybe perhaps pressure will increase sales, In reality more training and more unity would have.
Then they bought out good Guy's. They took away the commissions, and fired 95 percent of the sales staff who all ended up in better jobs. This left the incompetants on the floor who really had no motivation to sell other than pressure. They never trained them properly either. Even worse, they all now made about 6-9 bucks an hour. For these people the job was just a fling. Nothing they cared about beyond the next check for booze. Even the ones who did care weren't promoted to a place that they could do anything.
Then, they started to model what good guys had been doing in creating high end selling rooms with pretty fixtures(expensive). However, there were no high end sales people to sell them. So what happened? Duh....
The pay consistently sucked. Good employees where like finding needles in a haystack. Even then, they never respected them if they were good. The management was always overworked. What did they expect? It's like the entire chain suddenly lost vision with the real world.