Closings and Sale To Systemax
On or immediately before February 28, 2007, CompUSA retained the services of Gordon Brothers, a company that specializes in liquidation, for the purposes of closing 126 stores nationwide. The closing locations were chosen based upon their overall performance, profitability, and proximity to competitors such as Best Buy, Fry's, Micro Center and Circuit City. This first round of closings reduced the number of stores to less than half of its previous number.
During the liquidation process, the stores typically offered discounts starting at 5 to 30 percent off of retail prices, ending at up to 95 percent. The liquidation process was completed on May 14, 2007.
On December 7, 2007, CompUSA was sold to Specialty Equity, an affiliate of Gordon Brothers Group.
On January 6, 2008, a month after CompUSA was sold to liquidators, Systemax (TigerDirect's parent company) announced its purchase of 16 CompUSA locations as well as the brand, trademarks, e-commerce business,and technical services.
Systemax also had announced that the eleven existing and three TigerDirect-branded retail stores that were under construction would be converted to the CompUSA brand over the spring of 2008.
On November 7, 2012, an advertising email was sent suggesting that the current CompUSA stores and CompUSA.com retail site would be converting to the TigerDirect.com name:
CompUSA is changing! By December 31, we will be consolidating with TigerDirect.com, a top e-commerce brand with 41 local stores for the tech expert. Continue to shop the same great products, but with even better value. You’ll love the new Daily Deal Slasher PLUS enjoy FREE SHIPPING on thousands of products!
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Famous quotes containing the word sale:
“[T]he dignity of parliament it seems can brook no opposition to it’s power. Strange that a set of men who have made sale of their virtue to the minister should yet talk of retaining dignity!”
—Thomas Jefferson (1743–1826)