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[DT] PC Club Under New Ownership

post #1 of 5
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West coast brick-and-mortar computer store PC Club announced new ownership last week, days after the company suddenly closed its doors and filed for Chapter 7 bankruptcy protection. A telephone interview with a PC Club store manager confirmed that all of the company’s 38 retail stores opened their doors again last Thursday, and resumed business as usual.

The chain’s sudden reopening can be attributed to its acquisition by Los Angeles-based capital firm NAOC Holdings, which purchased the company at the last minute on undisclosed terms.

PC Club’s two online stores, PC Club.com and ClubIT.com, reopened Thursday as well, appearing as if they never went down to begin with.

“Brick-and-mortar accessory computer stores are still a valued commodity in the US,” said NAOC Holdings spokesman Alan Hunter. “We know PC Club with its long history, quality technical service and computer accessory assortment will continue to have strong potential for continued business operations. A technology retail outlet is the next logical addition to our portfolio, and we expect this will be a mutually beneficial relationship.”

While the exact reasons as to why PC Club nearly went out of business are unknown, many stores have experienced a continual slide in sales over the past few years, as the bulk of computer parts purchases move to online stores and larger, Big Box retailers like Best Buy or Fry’s Electronics. Company insiders have long attributed a variety of company problems to the loss of its founder and visionary, Jackson Lan, who died at the end of 2005.

An anonymous PC Club employee confirmed that trouble was in the midst for several weeks prior. He described a number of component manufacturers sending FedEx trucks to clear stores of inventory sold on consignment. Despite the signs, however, both the unnamed employee and several others said that they did not expect such a sudden closure, and anecdotal reports around the internet reveal that staff as high as the regional manager-level were unaware of the severity of the PC Club’s inner turmoil.

On the day of the bankruptcy announcement, repair technicians pleaded with customers to pick up their computers, as the liquidation process could tie up customers’ property for weeks or months. A commenter on Digg, who self-identified as a technician at a Southern California-area store, said that he and his coworkers contemplated taking customer computers home in order to safeguard them from the liquidation process, but ultimately decided against it.

“Our new relationship with NAOC Holdings will give us an opportunity to grow our market share and expand beyond the western and central U.S.,” said PC Club Senior Sales Manager Kim Chu. “In addition, we'll now have the ability to reorganize and to work on expanding our compelling product line.”
I must say, that was a close call.
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Rig
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post #2 of 5
How would "liquidation" endanger customer's computers that were getting fixed at the time of the store closing.
post #3 of 5
Theyre a so so store, I went to one and they tried to tell me not to use a modular PSU because it increases latency.
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post #4 of 5
Glad to hear it.

They sold me my Q6600 G0 back when it was nearly impossible to find them... for less than what Newegg was selling the B3's.

<3
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post #5 of 5
Yay clubit is back...now they just need to replinish their inventory and they'll be back in business.
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