Connect with us

Hi, what are you looking for?

New Products

CompUSA Announces Realignment Strategy

As part of its plan to realign the organization, CompUSA today 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 saturation. The process began last week with the closing of four CompUSA stores and over the next 60-90 days, the company will close a total of 126 stores in the United States to focus on initiatives that enhance its top performing locations,” said Roman Ross, chief executive officer, CompUSA.

CompUSA will continue to offer products and services at 1-800-CompUSA and online at compusa.com, providing more than 80,000 items for consumers and small and medium businesses, along with top-notch technical service from CompUSA TechPro.

Today’s announcement allows the company to focus its efforts and ensure a strong presence in its 103 stores in 39 states and Puerto Rico.

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Your email address will not be published.

Advertisement

You May Also Like

Advertisement

ecoustics is a hi-fi and music magazine offering product reviews, podcasts, news and advice for aspiring audiophiles, home theater enthusiasts and headphone hipsters. Read more

Copyright © 1999-2022 ecoustics | Disclaimer: We may earn a commission when you buy through links on our site.