Bob CollinsBest Buy has apparently finished eating CompUSA’s lunch. The rival to the Minnesota-based firm announced today it’s closing its remaining stores, after shuttering its Minnesota stores earlier this year.
The blog, the Consumerist, says the sell-off of inventory begins Wednesday. The long-term cheer from Bloomington may be tempered by the short-term reality, however, that the sale could slow holiday sales at Best Buy, WalMart, and Circuit City.
With CompUSA’s death, the concept of a “computer store” sinks farther beneath the waves. Most retailers have expanded their product lines or at least become more innovative.
Best Buy’s stock today closed slightly higher, and not far from its 52-week high.
