There’s some big retail news today:
CompUSA, which has long been struggling against rivals Best Buy and Circuit City, and who seem to have lost the geek market to more specialty chains like MicroCenter, will be closing 126 stores, more than half of their remaining store fleet, throughout the country. They’ll be pulling out of many major markets, including Dallas and Boston, entirely.
The inevitable has occurred: Federated Department Stores is no more. No, they’re not closing, but they’ve decided to abandon the increasingly-esoteric company name in favor of rebranding the entire chain as Macy’s Group, Inc. The article also notes that Macy’s same-store sales are up, but that they continue to disappoint at former May-branded stores.