Mon 19 Mar 2007
Store Closings
Posted by Andrew Mitry under General
Looks like retail computer and electronics stores (except Apple) aren’t faring too well these days with RadioShack closing 700 stores and CompUSA closing 126 stores. I just saw the 30% off everything sign at my local CompUSA.
Store closings can be a great opportunity on two notes. First, many of the employees that are losing their jobs often simply need someone to talk too and sympathize. Second, they are good opportunities to find heavily discounted source of equipment (not just consumer goods, often you can great deals on fixtures, security systems, computers, etcetera). Recently, when Tower Records closed its doors, we got a boatload of gear for pennies on the dollar. While dismantling and removing equipment, we had quite a few deep conversations (hopefully planting a few seeds) with the disheartened employees.
