Wednesday, February 28th 2007
CompUSA to Shut Almost 130 Stores
Circuit City has already announced earlier this year that it plans to close a number of its stores in the US and Canada, and now CompUSA is next on the list - only in a more serious way. The company intends to close 126 of its stores altogether, which will leave only 109 stores in the USA and Puerto Rico. The process got underway last week and is expected to take about between two and three months to complete. CompUSA has struggled to compete with rivals Best Buy and Circuit City in recent years, and increased competition from online stores such as Newegg has forced it to close some of its low-performance or non-strategic stores.
Source:
DailyTech
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