CompUSA to Close After Xmas

CompUSA has been sold to a restructuring company and will be ending retail operations after the holidays, AP reports. The troubled electronics retailer, bought by Mexican telecom magnate Carlos Slim in 1999, closed more than half its outlets in the spring after repeated  turnaround efforts failed. Gordon Brothers Group will close the remaining 103 stores after holiday closing sales.

The buyers also plan to offload CompUSA's technical services business and online operations. CompUSA started out selling software in the '80s before branching out into selling computers, but had been hit hard by changes in the market and falling retail prices. (More retail stores stories.)