http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/ Engadget Comments for Rumor: CompUSA going out of business in January http://www.engadget.com/media/feedlogo.gif http://www.engadget.com en-us Copyright 2010 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 6:15PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
However, I do feel bad for all those employees who are about to lose their jobs...especially the ones with a mortgage / rent & children.]]>Dec 5th 2007 9:46PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 6th 2007 12:35AMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
See you CU. ]]>Dec 6th 2007 1:14AMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
damn, that's utter bullshit! how old are you? 12???]]>Dec 6th 2007 2:49AMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 6th 2007 4:09AMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
It is not bull#%$*. Creative destruction is a part of the economy. If CompUSA is going under it is because it was doing poorly, and other stores were doing better. Other stores will pick up the slack, or new stores will open up that will drive growth and ultimately create more employment opportunities.]]>Dec 6th 2007 1:23PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
Thats sounds good in theory but in the meantime while those other stores are opening those employees stand a good chance of going bankrupt while waiting for the new growth you talk about.]]>Dec 6th 2007 5:45PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
Why are they more deserving of your sympathy?

They made their choices, just like everyone else.

Should people with kids be given preference when hiring? Maybe the govt should pass a law requiring this? Maybe if you have illegitimate kids, you go to the top of the list?]]>Dec 7th 2007 10:46AMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
Instead of making smart a** comments why dont you think about the fact that Santa may not be able to visit alot of innocent children whole parents are involved.]]>Dec 7th 2007 6:13PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 6:18PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 6:21PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
Oh... well here's to not being ripped off and discovering NewEgg + online retailers.]]>Dec 5th 2007 10:58PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 6th 2007 2:04PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 6th 2007 5:57PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 6:46PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.theonion.com/content/news/even_ceo_cant_figure_out_how]]>Dec 5th 2007 6:52PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/C'mon, we've all bought at least three there this year.]]>Dec 5th 2007 9:01PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 10:30PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
Another item I bought from RS was a Wowee Roboreptile for $25. This same item was being sold for around $79 in other places like Toys 'R Us, etc.

I'm not going to claim RS is the best out there but they do offer good deals now and then. There's also at least an RS in just about every town in the US. Chances are there is one RS near you. The same can't be said about Micro Center or BB/CC.]]>Dec 5th 2007 11:45PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
Plus all the people Best Buy sends to us either by saying they dont have a certain item, or just chasing them away.]]>Dec 6th 2007 8:41AMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
Plus all the people Best Buy sends to us either by saying they dont have a certain item, or just chasing them away.]]>Dec 6th 2007 8:42AMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
Credit to RS... While they are expensive for a lot of things, they are a decent place when you need the basic stuff:
-Cables
-Adapters
-Power strips

I went to Target the other week, when I needed a power cable for my computer. They had power strips; loads of them. No power cables, though. Best Buy wanted over $10 for a cable. RS had one for $3.

RS wins my custom.]]>Dec 6th 2007 4:02PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/]]>Dec 5th 2007 6:29PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 6:24PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 6:31PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 11:40PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
It's bad news, yeah, but shouldn't have been unexpected. 50% of stores is a lot of stores to close. They've probably just succeeded in removing themselves from the national consciousness. They also got a lot of press for that move, and no doubt a lot of people just assume that their local store is probably closed even if it isn't - after all, there's a 50% chance of it. It's not like CompUSA was ever the kind of store you'd seek out - you went there if you happened to pass by or they sent you a circular with some good deals.

So they've lost all the revenue from the closed stores and probably 20% or so from the remaining stores, which doesn't sound unreasonably high to me. And they should have seen it coming.

Closing 50% of your stores is never a smart move. It's a signal to consumers that your company is in serious trouble (and thus will likely not be around for support, returns, etc.), it takes half of your marketing possibilities away, and half of your buying power (meaning prices will be higher).

Bottom line is once you reach the size CompUSA is/was, you're either in business or you aren't. There's no cutting back by 50%. A few stores here and there? Sure. But cut back half your business and even if it's the "weak" half, you'll be lucky if you *only* lose half your sales.
]]>Dec 5th 2007 8:17PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
I worked there for two weeks. Their constant pressuring for us to sell extended warrantees to squeeze hundreds of dollars out of people that don't need them caused me to quit.
]]>Dec 5th 2007 6:26PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
Barf... I felt like a dirty man after saying that day in and day out.]]>Dec 5th 2007 6:39PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 6:57PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 11:47PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.businessweek.com/magazine/content/04_51/b3913110_mz020.htm
]]>Dec 6th 2007 1:56AMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 7th 2007 6:30PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
A couple of decades ago, Sears was the best place to buy tools. Not only did most of the tools come with lifetime warranties, but the sales clerks there made a decent career working at the store, and knew the products inside and out, and could answer just about any question. Sadly, that's no longer the case, as most of the sales clerks there are now temporary part-timers with no benefits.

But I had fun when I bought a tool there last year. The cashier, obviously either still in high school or having graduated shortly therafter, automatically went into the "and would you like to purchase the extended warranty with that?" spiel. In reply I simply asked her what was the difference between the extended warranty and the return policy of the store, or the manufacturer's warranty, for that matter. The poor gal gave me a "deer in the headlights" look, and started rummaging around for something which might explain it, eventually trying to read the back of the box the tool came in. She ultimately admitted "I really don't know, but I know the extended warranty is really, really, good, and you should buy one!" The old-timer behind me in line nearly burst a gut laughing, he obviously didn't mind the delay in getting his purchase rang up considering the entertaiment he was receiving, free of charge.]]>Dec 10th 2007 7:36PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
Besides, don't they sell Apple product? They should be rolling in it, right? ;-)]]>Dec 5th 2007 6:28PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/

...or online =)

I jk I jk]]>Dec 5th 2007 6:33PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
They seem like a respectable store as opposed to Best Buy or Circuit City. Even the staff is friendlier than either place. This is stupid!]]>Dec 5th 2007 7:24PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
Apple products are also sold at Best Buy - but still, I'd never get 'em anywhere else but the Apple store cause of my edu discount. ]]>Dec 5th 2007 8:11PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 9:31PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 6:32PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 6:34PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 9:41PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 6:36PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
Seriously, I don't know how BestBuy is doing so well when their prices are, for the most part, very high?

I go to BestBuy to browse products I want, then buy from a major online retailer for cheaper and no tax.
]]>Dec 5th 2007 6:37PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/
When I go to BestBuy, I end up buying stuff, because they have something, somewhere in the store, that I want at a decent price.

The last time I went to CompUSA, I nearly ran out of the store, I was so traumatized by their price tags.]]>Dec 5th 2007 8:14PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 9:30PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 6th 2007 10:20AMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 6th 2007 3:20PMhttp://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/http://www.engadget.com/2007/12/05/rumor-compusa-going-out-of-business-in-january/Dec 5th 2007 6:39PM