As CompUSA begins shuttering the last of its stores, it's also tying up loose ends.
(Credit:
CompUSA)
The retailer, which was bought by a private equity firm December 7 and will shut down, put up a customer help Web site Friday where it gives details on how warranties, gifts cards, and more will be handled.
The closing sale will last approximately eight weeks and all sales will be final. Any extended warranties purchased for products through CompUSA will be honored by a third-party provider, Assurant Solutions. Gift cards, rain checks, and rebates purchased prior to December 12 can be redeemed at any time during the final sale. For those who have a gadget currently in for service with CompUSA, the repair will be completed and the gadget will be returned to owners.
Forget Black Friday. For the best deals on gadgets and PCs this holiday season, look no further than your neighborhood CompUSA.
The embattled electronics retail chain was dealt its final blow Friday when it was sold to Specialty Equity, an affiliate of private equity firm Gordon Brothers Group. Terms of the transaction were not disclosed, but the immediate result is that Specialty Equity will close all 103 CompUSA stores in the United States, according to a press release issued late Friday.
Gordon Brothers will "initiate an orderly wind-down" of each of the stores, the company says. That's great news for consumers looking for bargains. CompUSA will remain open through the holiday shopping season, presumably with "Everything Must Go!"-style signs.
It was clear all was not well at the retailer when in March it closed half of its stores due to pressure from bigger chains like Best Buy and Circuit City.
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