CompUSA Store Closing Going out of business sale

2008-01-12T18:41:00.000-08:00

Closing Sale: All sales will be final
I went in the other day to see if they had anything worth buying ? check back every 3-4 days

Update Feb 06 2008
30% - 50% Off...Video Games 30% Off dvd's were 50%
Most of the branded MP3 Players are gone....lot of networking harware 30% Off....still expensive in a slow economy...There was some slim pickings like MP3 & Cellphone Accessories

Update Jan 24th 2008
20% to 40% Off almost everything ******************** you can add more stars
Good Prices on MP3 Accessories for iPod, Zune, Sandisk,..
All Video Games are 20% Off.... good deals on prepaid cell phones
Wii games are sold out...lot of PSP /Xbox/ PS3 games still there
Digital Cameras, Desktops, Laptops are still overpriced...wait 1 more week
Heavy Discount on used Furniture and Fixtures
Reasonable prices on books & software

Update Jan 2rd Week 2008
5% off notebook computers? Even at their current largest discount of 20% for store merchandise, it's still all horribly overpriced. You can still get better deals online.

Gift Cards. All gift cards purchased before December 12, 2007 will be honored during the store closing sale. This sale is expected to last no longer than eight (8) weeks. Gift cards must be used to purchase merchandise at the stores. They may not be exchanged for cash or credit.

The retailer has put up a compUSA Customer Help Web site where it gives details on how warranties, gifts cards, and more will be handled.

CompUSA stores to close after holidays >>

Consumer electronics retailer CompUSA will close its store operations after the holidays after the sale of the company to Gordon Brothers Group, a restructuring firm.

The closing sale will last approximately eight weeks and all sales will be final. Any extended warranties purchased for products through CompUSA will be honored by a third-party provider, Assurant Solutions. Gift cards, rain checks, and rebates purchased prior to December 12 can be redeemed at any time during the final sale. For those who have a gadget currently in for service with CompUSA, the repair will be completed and the gadget will be returned to owners.

CompUSA operates 103 stores, which plan to run store-closing sales during the holidays.

Dallas-based CompUSA has struggled for nearly a decade with falling prices on personal computers, its most important product, and competition from big-box retailers such as Best Buy.

Privately held CompUSA, controlled by Mexican financier Carlos Slim Helu's Grupo Carso, said discussions were underway 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.

CompUSA closed more than half its stores this spring and got a cash infusion of $440 million to restructure.

During the wind-down, Weinstein and Stephen Gray, managing partner at CRG Partners, will run the company. The chain's current chief executive, Roman Ross, will serve in an advisory role, CompUSA said.

Gordon Brothers created an affiliate, Specialty Equity LLC, to handle the deal. DJM Realty, a Gordon Brothers Group affiliate, will review leases of CompUSA's store locations.

CompUSA was founded in 1984 as software seller Soft Warehouse, then branched out into computers. It took on the CompUSA name and went public in 1991. It bought Tandy’s Computer City chain.

Slim bought his first stake in the company in 1999 and took it private the next year in an $800 million buyout. The chain went through several CEOs and tried different turnaround strategies, such as a move this year to focus on core customers such as gadget lovers and small-business owners

CompUSA has been around for a long time and as recently as 1999 was the number three electronics retailer in the US, trailing only Best Buy and Circuit City (which is also in the process of shuttering stores). 1999 also saw the purchase of the chain by Mexican retail management company Grupo Sanborns, which took the company private.

Going Out of Business Sale

2008-01-12T18:21:00.000-08:00

Some business owners may be in a temporary cash flow crunch and simply want to have a professional Sales event, like a Seasonal Liquidation or Inventory Reduction Sale to stimulate cash flow to liquidate only a portion of their inventory. Others, however, may want to have a professional Sales event, like a Store Closing or Retirement Sale, because they are ready to retire or simply get out of the business and don’t want to go through the hassle of trying to sell their business, but in many cases it’s simply too difficult for even the most skilled retailer to overcome the challenges of sustaining a thriving business.

A PROFESSIONAL Inventory Reduction Sale, Seasonal Liquidation, Store Closing Liquidation, or Going Out of Business Sale is by far the best solution.

In order for a business or retail store to “Survive” in a sea of competition it must have Cash Flow, a loyal base of customers, continuous traffic, and profit, but in order for a business or retail store to “Thrive” it also must have an effective marketing plan in place that will create and maintain a loyal base of NEW as well as existing customers, and also a great location.

Unfortunately, many retailers struggle to create or maintain a thriving business because they do not have such a marketing plan in place. Many other retailers that DO have such a marketing plan in place are still finding it difficult to compete with larger box stores because of their buying power.