Compusa out of business.
The huge retailer store based in Dallas (Texas), is going out of business at the end of this year, announced Gordon Brothers Group LLC. CompUSA is private held by the Mexican financier Carlos Slim, who could lost around $ 2 billions. Gordon Brothers will also try to sell the company’s technical services business, CompUSA TechPro, and its online business, CompUSA.com. It would be up to the buyers whether to continue the CompUSA name.
The spring of this year, CompUSA closed half of its store and received and cash infusion of $440 millions, but looks like that plan doesn’t solve the structural problems of the company. Also we have to considerer that the economy slowdown, could play a key role in the decision to go out of business.
If the USA economy doesn’t turn back to growth path, probably it will be the first of a chain of close or restructure business season.
