Best Buy purchases CompUSA leases for $13 million
After CompUSA went belly up some thought the company was done for but that’s not the case. The company is being reopened in select locations which are mostly in Florida by its new benefactor Systemax which also owns and operates TigerDirect.
The CompUSA website and TigerDirect have much in common, prices and products are very similar if not exactly the same. And now, Best Buy wants in on the "back from the dead" CompUSA action.
Engadget reported earlier that 13 of the 15 CompUSA stores will be located in Florida and now Best Buy is getting in on the former CompUSA retail space. The Richfield-based company has agreed to pay $13.5 million for 17 store leases formerly owned by CompUSA.
According to the Twin Cities Business Journal most of the stores are located in western sates and will total 453,000 square feet of retail space for Best Buy. The company plans to open both Best Buy and Pacific Sales locations at the sites over the next two years.
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May 2nd, 2008
We have one of the Systemax stores here, still under the CompUsa name. It’s actually pretty handy, has good pricing and is full of cheap refurb product, including LCD and Plasma TV’s.
There was no reason to go into CompUsa anymore, unless you felt a need to overpay for substandard product, I went to the grand reopening a couple of weeks ago.
They were having a contest where contestants were timed to install memory, CD drive and hard drive and boot the machine. Prizes we a 32″ LCD TV and Cooler Master cases etc… It’s going to be nice to be able to have a local place for $5 HDMI and firewire cables.