TigerDirect Closing Stores, Continuing to Sell Online
Electronics retailer TigerDirect is closing all but three of its 34 stores in the U.S. and internationally. The Miami-based company will keep serving customers online but will close its brick-and-mortar locations. The only stores it's keeping open are its flagship store in Miami, one in its technology products distribution center in Georgia and one in Puerto Rico, which has a significant business-to-business operation in that market. The 31 other stores are expected to be shuttered by the end of June. Each store that's closing is eliminating about 40 jobs, according to TigerDirect.