He's the next mayor
I left LA for Chicago why?
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)
More by Mark Lacter:
Barry Diller's many paychecksSay hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
Recent stories on LA Observed:
Barry Diller's many paychecksSay hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
New at LA Observed
Follow us on Twitter
On the Media Page
Go to Media
LA Biz Observed
Go to LA Biz Observed
Sign up for daily email from LA Observed