Date: 12-11-2007
CompUSA, the electronics retail chain, has been acquired by Gordon Brothers Group, a restructuring and investment firm. CompUSA's current 103 stores will remain open throughout the holiday season but will wind up its operations after close-out sales, promising "attractive bargains" to consumers. The store is currently in talks with various parties regarding the sale of certain assets. Bill Weinstein, a Gordon Brothers principal, will run CompUSA as its interim president. CompUSA has lately faced intense competition from rival companies like Best Buy and Wal-Mart Stores which resulted in the shutdown of more than half of its U.S. retail stores earlier this year.
