CompUSA Set to Fold

The consumer electronics chain CompUSA will be a thing of the past by next year, as the chain announced over the weekend that it will close its remaining 100 stores once the holiday season is over. According to Reuters, the restructuring firm Gordon Brothers Group will purchase the company’s stores and resell its remaining assets.

With the closure, customers will likely be looking at some bargains at the holidays.

Founded in the mid-1980s, CompUSA has been controlled for most of its existence by the Mexican billionaire Carlos Slim. The company closed about half of its stores in March in a restructuring, and was reported last week to be considering selling some of its stores to rival Circuit City.