Micro Center is an American computer retail store that is the leading electronic device supplier in the nation. It is headquartered in Hilliard, Ohio in the United States.
A most recent report says that Micro Center has 25 stores across 16 states. However, people are concerned about the company’s future. After the news has busted on social media they are wondering, is Micro Center really going out of business?
No, Micro Center is not going out of business in 2024. Rumor has been spread on social media about the company. The rumor about the company’s going out of business is nothing new.
What Actually Happened With Micro Center’s Business?
Recently, a piece of rumor has been spread on social media that the popular electronic retail company is going to close its business. As a result, the regular customers of the company are concerned about its future.
Some anonymous people spread rumors to ruin Micro Center’s leading business. This is embarrassing for the loyal Micro center customer. Because they might be wondering if the business closing news is true.
We want to assure our readers that Micro Center is not going to be shutting down its stores and business. Rather than the company has been trying to improve its business strategy day by day.
Did Micro Center Announce to Close Its Business?
No, Micro Center did not announce officially closing its business previously. The rumor sparked through an unknown social media user who claimed that the electronic company will close its business.
But the retail electronic company has not announced yet in 2022 about closing its business. A report says that Micro Center has planned to close its store count by nearly half.
But it doesn’t mean the company’s stores are starkly closing their doors. Micro Center is focusing to improve the efficiency and more profitable of its business. Micro Center is a popular electronic retailer among the other American electronics companies.
How Long Has Micro Center Been in Business?
Micro Center has been in business for more than three decades continuously. It was founded in Hilliard, Ohio, USA in 1979. At the time of starting its business journey, the company had only one store in the state.
As of 2022, Micro Center has 25 stores in different states in the USA. Within three decades, the electronic retailer company increased its business impressively. Micro Center has served more than 20 million customers since 1979.
Though the company has faced lots of issues including rumors, customers still seem happy with their service. According to the Forbes list, Micro Center is one of the largest private companies in the United States.
Is Micro Center Expanding?
Micro Center is still not announced officially to expand its business. As of 2022, the company has no plans to open more new stores. On the other hand, it has no plans to expand the business outside the United States as well.
Micro Center has already 25 stores in different locations across the USA. The company prefers to improve its service and business strategy instead of opening new stores. As far as we know, no new stores will expand anytime soon.
Is Micro Center Losing Its Demand?
People may be thinking the product market of Micro Center is dead. But in reality, Micro Center’s business is actually growing day by day. Customers are happy with their services and unique products.
Several review websites reported that Micro Center has a very poor rating online. However, we are predicting there are some particular reasons behind it. One of them is rumors about closing their business.
Many rumors were floating around social media that Micro Center going out of business. On the other hand, the COVID-19 and lockdown situation had led customers to believe the rumor.
By the way, Micro Center is a popular electronic company with thousands of unique products. The company continues its business by competing with other electronic companies including Costco.
Who is The Owner of Micro Center Now?
Micro Center is privately owned by Micro Electronics, Inc., headquartered in Hilliard. It was founded by two former Radio Shack named John Baker & Bill Bayne.
At the time of starting the business, they invested just $35k in 1979. Currently, Micro Center has multiple stores and more than 2000 employees.
Richard M. Mershad is the current CEO & Peggy Wolfe is the chief operating officer of Micro Center. Previously the electronic company’s peak revenue was $2.4 billion. Besides, Micro Center has become a popular private company within a decade.
