CompUSA Announces Next Steps in Good Guys Retail Strategy.DALLAS -- 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "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 con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. increasing and customers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. 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 merchandising Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. 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 Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. 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 (Cell Of Origin) See mobile positioning. 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. . In addition, CompUSA's Web site offers an assortment assortment /as·sort·ment/ (ah-sort´ment) the random distribution of nonhomologous chromosomes to daughter cells in metaphase of the first meiotic division. as·sort·ment n. 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. |
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