TMCnet News
CompUSA Announces Next Steps in Good Guys Retail StrategyDALLAS --(Business Wire)-- April 1, 2005 -- CompUSA(R) today announced the next steps in its retail strategy concerning Good Guys, a high-end home electronic chain acquired by the Dallas-based company in December of 2003. "Our vision for CompUSA, and for Good Guys, is one of steadfast commitment to our customers, solid growth for the corporation and a winning culture for our employees," said Larry Mondry, CompUSA CEO. "The next steps in our Good Guys retail strategy will help us reach that vision, and reflect the refinement of our overall business model." The next steps announced today include: -- Combination CompUSA/Good Guys stores -- By June 1, the company will open 17 combination CompUSA/Good Guys stores in California by converting 14 current Good Guys retail locations and 3 current CompUSA locations. These new stores are designed to meet the increasingly diverse buying needs of customers wanting more choice by offering them a mix of both CompUSA and Good Guys merchandise. "Product and technology convergence is continually increasing and customers are looking for answers," said Mondry. "Our new combination unleashes the power of technology for our customers through a broader range of products, and unmatched expertise from our CompUSA and Good Guys' highly trained and technology-savvy staff." Mondry added that in addition to the store-level changes, the CompUSA merchandising department has joined forces with the Good Guys buying and merchandising team. "This newly formed department will provide the best selection of products available, capitalizing on the expertise and buying power of both teams." In addition, approximately 50 other Good Guys stores will continue operating, while one lease will not be renewed and the location will close. "The future is bright for CompUSA and for Good Guys," said Rick Fountain, president and COO of Good Guys. "We're moving in a direction that shows we're listening to our customers and that we're their best choice for technology and high-end consumer electronics." About CompUSA CompUSA, Inc. is one of the nation's leading retailers and resellers of technology products and services. CompUSA currently operates more than 230 CompUSA locations in more than 90 major metropolitan markets across the United States and Puerto Rico. In addition, CompUSA's Web site offers an assortment of more than 170,000 items. Visit them at www.compusa.com. About Good Guys Good Guys is one of the largest specialty retailers of higher-end entertainment electronics in the nation. With its differentiated product selection and knowledgeable team of product specialists, Good Guys is dedicated to providing entertainment solutions to the West Coast's early adopters and tech-savvy consumers. Founded in 1973, Good Guys operates 71 stores in California, Nevada, Washington and Oregon. For more information, visit www.goodguys.com. |
