*Source: Tech-Ex (
http://technologyexpert.blogspot.com...t-quits.html)*
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My thought is Carlos Slim, wanting to keep his status as (arguably) richest man in the world, has decided to stop throwing money down a hole. CompUSA will shut down after the holiday season.
Slim has owned CompUSA since 2000. It's a subsidiary of his U.S. Commercial Corp S.A.B. de C.V. company. Since owning it, he has $1.5 billion in the chain over eight years, yet failed to turn it around.
Things already looked grim for CompUSA when they shut half their stores (
http://www.macworld.com/news/2007/02...pusa/index.php) within a three month period, starting in February. Competition from stores such as Best Buy, Circuit City, and (who else) Wal-Mart, proved too much.
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