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Monday, December 10, 2007

CompUSA is Closing All 103 Stores!


The best computer deals in town will be found at the CompUSA store on Market Street, downtown San Francisco. That's because the store is closing. All the CompUSA stores are closing and going out of business.

All 103 CompUSA stores will be closed down

The embattled electronics retail chain was dealt its final blow Friday when it was sold to Specialty Equity, an affiliate of private equity firm Gordon Brothers Group. Terms of the transaction were not disclosed, but the immediate result is that Specialty Equity will close all 103 CompUSA stores in the United States, according to a press release issued late Friday.

"Everything Must Go" deep-discount clearance sales

Gordon Brothers will "initiate an orderly wind-down" of each of the stores, the company says. That's great news for consumers looking for bargains. CompUSA will remain open through the holiday shopping season, presumably with "Everything Must Go!"-style signs.

It was clear all was not well at the retailer when in March it closed half of its stores due to pressure from bigger chains like Best Buy and Circuit City.

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