Gordon Bros. Buys CompUSA, Will Close Stores After Holidays
Dallas Gordon Bros. Group has purchased electronics chain CompUSA for an undisclosed amount. Details of the sale, announced Friday, were not disclosed. Gordon Bros. plans to sell some of the chain’s 103 stores, along with the option of a buyer’s retaining the CompUSA brand name, and close the rest.
The new owner said all stores will remain open and staffed during the holiday season, offering discounts on computer and electronics ahead of the planned store closures. “An orderly and expedited wind-down and asset sale process is the best option for CompUSA and its creditors at this juncture,” said Bill Weinstein, a Gordon Bros. principal who will be running CompUSA as its interim president.
Gordon Bros. plans to organize the sale of assets, including retail inventories, overstocks and real estate. Privately held CompUSA, controlled by Mexican financier Carlos Slim Helu’s Grupo Carso SA, said discussions were under way to sell certain stores in key markets. Stores that can’t be sold will be closed.
Gordon Bros. will also try to sell the company’s technical services business, CompUSA TechPro, and online business, CompUSA.com.
New Apple store opens today
NEW YORK Apple today is opening its newest store in New York City’s trendy Meatpacking District.
The West 14th Street store opens its doors at 6:00 p.m. Eastern time and will become the largest Apple Store in Manhattan. For the first time, the three-story store will feature two floors dedicated to products and a third to services, the company reported.
The services floor will feature a 46-foot Genius Bar and specially designed areas for workshops and personal training on applications such as Final Cut Pro.
Bed Bath and Beyond to open in Canada
RICHMOND HILL, ON Bed Bath and Beyond today announced that it will be opening its first store in Canada at the Glen Shopping Center in Richmond Hill, ON.
The 34,000 square-foot store will feature several of the retailer’s popular brands including SimpleHuman, Oxo, Breville and HoMedics, the company reported.
“We are excited to open our first store in Canada and to share our long standing traditions of exceptional customer service, great value and a broad assortment of merchandise with the GTA [Greater Toronto Area]. Our new location in the town of Richmond Hill, which is experiencing a time of extensive growth, is centrally located off major highways and offers easy access for customers,” stated Steven Temares, ceo of Bed Bath and Beyond.