CompUSA To Shut Down

CompUSA announced today that it will sell or shut down its remaining stores. Stores remaining open through the holiday season will feature heavy discounts on products to clear inventory.

CompUSA was once one of Apple's largest resellers until Apple began pilot programs with Best Buy and CompUSA began downsizing earlier this year.

The retail chain had received approximately $2 billion in investment since 1999, however it was unable to return to profitability amongst fierce competition.