Whoa - CompUSA is shutting over half their stores:
In a statement Tuesday, CompUSA said it would shutter 126 stores -- it currently operates 225 in the U.S. and Puerto Rico -- within 90 days as part of a massive restructuring first unveiled last Friday. The restructuring will rely on the store closings, as well as a $400 million cash infusion and other expense reductions. CompUSA did not specify the source of the cash investment.
I would have guessed that online selling was the main culprit, but the story mentions that BestBuy is doing just fine - more than fine, actually, with growing sales. I guess CompUSA is just getting beaten out by BestBuy, Staples, and OfficeDepot...
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