March 5, 1999 |
CompUSA Inc., the largest U.S. personal computer retailer, said it expects losses in the fiscal third and fourth quarters because of slower-than-expected sales. Analysts had expected the Dallas-based retailer to earn 21 cents in the third quarter and 11 cents in the fourth. CompUSA made its announcement after the close of trading.
August 13, 1999
* CompUSA Inc. said it will delay releasing fourth-quarter financial results by nearly two weeks, to Aug. 30 from Aug. 18, while it completes work on a restructuring move. The Dallas-based computer retailer said the decision does not relate to its results of operations and is not an indication of a change in its previous statements regarding the quarter. * * PepsiCo Inc.
April 17, 1999
CompUSA Inc., the nation's largest computer retailer, said it will cut 200 jobs at its Net.com unit to cut costs. The cuts, all at the unit's Marlborough, Mass., location, will result in a charge of $5 million to $8 million against CompUSA's fourth-quarter results. The company also said it is recruiting executives for the unit and expects the realignment to take about three months. CompUSA has said weaker-than-expected sales will lead to losses in its fiscal third and fourth quarters.
March 12, 2005 |
The nation's leading computer retailer, CompUSA Inc., has agreed to settle a government complaint that charged the company with deceiving consumers who bought computer products but failed to receive promised cash rebates from $15 to $100 each, the Federal Trade Commission said. The regulatory agency ordered Dallas-based CompUSA to overhaul its rebate programs. Court papers did not indicate how much money or how many customers might be involved.
February 28, 2007 |
CompUSA Inc. said Tuesday that it would shut 126 stores -- more than half its outlets -- by the end of May because of tough competition in the retail consumer electronics market. The closings will leave 103 stores, the company said. CompUSA also said it would receive $440 million in additional capital in the restructuring. Chief Executive Roman Ross cited "changing conditions in the consumer retail electronics market" for the decision.
March 28, 1996 |
CompUSA Says Quarterly Sales Top $1 Billion: Executives of the computer retailer also said they see no evidence of a much-trumpeted slowdown in personal computer sales. Dallas-based CompUSA Inc. said net sales for the fiscal third quarter ended Saturday jumped 29%, to $1.0 billion from $776 million in the same period last year. It was the first time sales have topped $1 billion and the sixth straight quarter of double-digit growth.