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CompUSA, the computer and gadget retailer owned by Mexican billionaire Carlos Slim, said on Tuesday it would close more than half of its U.S. retail locations over the next two to three months to focus on top performing locations.
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.
"Based on changing conditions in the consumer retail electronics markets, the company identified the need to close and sell stores with low performance or nonstrategic, old store layouts and locations faced with market saturation," Roman Ross, chief executive officer of CompUSA, said in the statement.
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I personally stopped shopping at all stores that used Rebates as part of their sales. You can go to Wal Mart or other places and get the same stuff for the same price without dealing with stupid rebate forms. Out of the like 5 rebate forms I have filled out in my life I got my money back on maybe 1 of them.
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.
"Based on changing conditions in the consumer retail electronics markets, the company identified the need to close and sell stores with low performance or nonstrategic, old store layouts and locations faced with market saturation," Roman Ross, chief executive officer of CompUSA, said in the statement.
CompUSA to close more than half their stores; 126 U.S. locations to close within 90 days
As part of its plan to realign the organization, CompUSA has announced...
macdailynews.com
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I personally stopped shopping at all stores that used Rebates as part of their sales. You can go to Wal Mart or other places and get the same stuff for the same price without dealing with stupid rebate forms. Out of the like 5 rebate forms I have filled out in my life I got my money back on maybe 1 of them.
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