PC Retailer CompUSA plans to close all its stores after the holidays, part of a sale of its assets to Gordon Brothers Group, a restructuring firm. CompUSA, owned by the Mexican based firm Grupo Carso SA, has 103 stores in 68 markets. Reports said that Gordon Brothers would look to sell individual stores in certain markets and close those that it could not sell.
CompUSA was founded in 1984 and rose to national prominence under the guidance of Nathan Morton. As chairman and CEO, Morton led CompUSA from two stores and $60 million in sales as SoftWarehouse to its standing as a multibillion-dollar national retailer in less than five years. He was posthumously honored as a member of CRN's Industry Hall of Fame in 2006. He succumbed to cancer at the age of 57 in 2005.
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