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It's another victim of the cut-throat computer game. Mexican billionaire Carlos Slim invested $2 billion into the chain, but the company couldn’t compete with Best Buy and Wal-Mart, which offered greater selection and lower prices. Its acquisition of Bay Area-based The Good Guys was a disaster, and by February, CompUSA announced plans to shutter 126 stores, more than half of its then-total. That included (I think) all local stores (the closest CompUSA is now in Santa Barbara). Gordon Brothers Group will oversee a piecemeal sale of the business. Stores will remain open through year-end. (AP)
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.