US retailer to sell off all outlets after purchase by investment firm

CompUSA to shut all 103 stores

US electronics retailer, CompUSA has announced that it is to shut all of its 103 stores, as well as its online operation and technical support service business unit, CompUSA TechPro.

The news comes after the investment firm, Gordon Brothers Group, that purchased the retailer announced that it was looking to asset strip the company. It confirmed that it was in talks with other parties over the purchase of assets, in a release to the press on Friday.

The company stated that any retail stores that had not sold would be shut down. It said that all 103 stores would remain open during the Christmas period, with heavy discounting on products.

The company had previously said that it was planning to shut 126 of its stores back in February, after receiving a large cash injection from an unnamed investor.

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