CompUSA LIVES!

TigerDirect plans on turning all of their stores (11 current 3 more opening) into CompUSA stores and join them with the 16 they just purchased. They will also keep the CompUSA website up and running. This means CompUSA lives!

Gilbert Fiorention acknowledges that CompUSA was doomed due to high over head (duh) because they insisted on keeping several levels of managers as well as a very heavy internal IT department. With all that overhead, it was very difficult to keep any store profitable. After cutting all the fat, they will have about 30 stores, and be profitable. check out the CNN Article for details.


Still no word on the fate of the Honolulu Stores. It looks like TD is trying to stay in the south east sector of the US, so I doubt they will be buying this store. Although Honolulu is highly profitable, it is a huge risk and involves a lot of extra overhead due to shipping and support requirements so the ROI may not be as good.

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Tiger Direct eye's CompUSA

This has been Confirmed


There has been some major noise about Tiger Direct buying CompUSA for some time now, but in recent days the internal noise has been growing. Daily Tech Reports some interesting Wikipedia Edits going on that point to a Tiger Direct acquisition, in addition the Gordon Brother realtor's were in our store (one of the most valuable and one of the few profitable CompUSA Stores around) showing some people around. The location we are in is by no means cheap and is considered prime real estate in Honolulu (rent of this building approaches 250k per month) so any buyer would need to be big and willing to make an investment.

In addition to this we have been consistently receiving merchandise despite most stores no longer receiving inventories.

The official closing date for CompUSA is March 1st, but that isnt to say somone won't buy out before then, but only time will tell.

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