CompUSA Announces Realignment Strategy.DALLAS -- As part of its plan to realign re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. the organization, CompUSA today announced a comprehensive strategy to improve the company's financial status. The realignment re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. includes a cash infusion, store closures, major expense reductions and a corporate restructuring. As part of CompUSA's realignment strategy, the company will receive a $440 million cash capital infusion Capital infusion Often refers to the cross-subsidization of divisions within a firm. When one division is not doing well, it might benefit from an infusion of new funds from the more successful divisions. . The financial boost will be designated to improve the company's balance sheet. "Based on changing conditions in the consumer retail electronics market, the company identified the need to close and sell stores with low performance or non strategic, old store layouts and locations faced with market saturation In economics, "market saturation" is a term used to describe a situation in which a product has become diffused (distributed) within a market; the actual level of saturation can depend on consumer purchasing power; as well as competition, prices, and technology. . The process began last week with the closing of four CompUSA stores and over the next 60-90 days, the company will close a total of 126 stores in 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. to focus on initiatives that enhance its top performing locations," said Roman Ross, chief executive officer, CompUSA. CompUSA will continue to offer products and services at 1-800-CompUSA and online at compusa.com, providing more than 80,000 items for consumers and small and medium businesses, along with top-notch technical service from CompUSA TechPro. Today's announcement allows the company to focus its efforts and ensure a strong presence in its 103 stores in 39 states and Puerto Rico. |
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