Founded | 1984 Addison, Texas, U.S. |
(as Soft Warehouse)
---|---|
Defunct | November 2, 2012 |
Products | Electronics |
Parent | Jasali 645 Realty |
Website | www |
CompUSA was a retailer and reseller of consumer electronics, technology products and computer services. Its headquarters were in Miami, Florida.
CompUSA, Inc. was a wholly owned subsidiary of U.S. Commercial Corp S.A.B. de C.V. and indirectly controlled by a common shareholder, Carlos Slim.
On December 7, 2007, an affiliate of the restructuring and disposition firm Gordon Brothers Group, Specialty Equity, bought the company.Systemax purchased the CompUSA brand, 16 retail locations and other company assets in January, 2008.
Systemax operated CompUSA retail stores in Florida, Texas, Georgia, Illinois, Delaware, New Jersey, North Carolina, and Puerto Rico, as well as CompUSA.com, a retail website and a dedicated catalog site for businesses.
On November 2, 2012, Systemax announced that it would drop both the CompUSA and Circuit City storefront brands, consolidating their businesses under the TigerDirect brand.
Founded in 1984 as Soft Warehouse in Addison, Texas, a northern suburb of Dallas, Texas, by Errol Jacobson and Michael Henochowicz, the company began national expansion in 1985 with its first megastore opening in Atlanta, Georgia.
In 1991 the company's name was changed to CompUSA, and the company became publicly traded on the New York Stock Exchange. While under Morton's leadership, CompUSA grew to over $2 billion in revenues. Morton resigned in 1993.
On or immediately before February 28, 2007, CompUSA retained the services of Gordon Brothers, a company that specializes in asset recovery and restructuring, for the purposes of closing 126 stores nationwide. The closing locations were chosen based upon their overall performance, profitability, and proximity to competitors such as Best Buy, Fry's Electronics, Micro Center, and Circuit City. This first round of closings reduced the number of stores to less than half of its previous number.