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Consumer electronics retailer CompUSA says it will close its stores after the holidays. CompUSA closed more than half its stores this spring.

Excerpt - CompUSA Inc. said it has been sold to Gordon Brothers Group, a restructuring firm that will wind-down the retailer's operations and sell off its assets. Financial terms were not disclosed. Dallas-based CompUSA, which is controlled by Mexican billionaire Carlos Slim Helu, said its 103 retail stores will remain open and staffed during the holiday season as it works to sell off some stores and its Internet operations. The company has struggled with increased competition and had been looking at stratetgic alternatives. ~ snip ~

Excerpt - As part of its plan to realign the organization, CompUSA has announced a comprehensive strategy to improve the company's financial status. The realignment includes a cash infusion, store closures, major expense reductions and a corporate restructuring. As part of CompUSA's realignment strategy, the company will receive a $440 million cash capital infusion. The financial boost will be designated to improve the company's balance sheet. "Based on changing conditions in the consumer retail electronics market, the company identified the need to close and sell stores with low performance or non strategic, old store layouts and locations faced with market...

MEXICO CITY, Sept 14 (Reuters) - Mexican billionaire Carlos Slim, the third-richest tycoon in the world, may sell his loss-making U.S. retail business CompUSA, a director of one of Slim's companies said on Thursday. Jorge Serrano, director of investor relations of Slim's conglomerate Grupo Carso (GCARSOA1.MX: Quote, Profile, Research), told Reuters one company had shown interest in Dallas-based CompUSA, which sells computers, televisions and other electronics products. "It is being evaluated," Serrano said of the possible sale of CompUSA, which was bought by a unit of Carso in March 2000 for $800 million. "Different alternatives are always being analyzed to...

A Fatal Blow to Shrinkwrap Licensing? By Ed Foster, Section Columns Posted on Mon Dec 20th, 2004 at 08:02:57 AM PDT In January 2003, California resident Cathy Baker walked into her local CompUSA store to return copies of Windows XP and Norton AntiVirus she'd purchased there. When trying to install the programs, she had of course been confronted by all the obnoxious terms in the Windows and NAV End User License Agreements. Instead of clicking OK, she took them back to the store for a refund, as the EULAs said she was supposed to do if she refused to...

Went into a CompUSA in Columbia, MD today and, while shopping, noticed a movie trailer for Fahrenheit 911 running on several PCs and MACs...