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CompUSA Spiraling?

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James Robertson

Posts: 29924
Nickname: jarober61
Registered: Jun, 2003

David Buck, Smalltalker at large
CompUSA Spiraling? Posted: Mar 1, 2007 8:17 PM
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This post originated from an RSS feed registered with Agile Buzz by James Robertson.
Original Post: CompUSA Spiraling?
Feed Title: Cincom Smalltalk Blog - Smalltalk with Rants
Feed URL: http://www.cincomsmalltalk.com/rssBlog/rssBlogView.xml
Feed Description: James Robertson comments on Cincom Smalltalk, the Smalltalk development community, and IT trends and issues in general.
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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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