PC Club, a California personal computer retailing chain, filed Chapter 7 bankruptcy and shuttered 37 stores nationwide ... as well as its online ClubIT.com store on Tuesday.

2 years ago, the owner/founder (Jackson Lan) passed away after a long battle with cancer. Now it seems his dream passed with him. He had an outlook for PCC that never would have ended in this manner.

His brother took over the company, and shortly thereafter ~15 store were abruptly closed citing reasons of ineffectiveness. Of course many of these stores had yet to be open for 2-3 years. Those stores were in Indiana, Ohio, Pennsylvania, Colorado, etc.

Roughly about a month ago, maybe a little more — the current president, the vice-president, and a couple of regional mgrs were "separated" from the company. Then came a massive reorganization in which HQ was restructured from the top down. It seemed as if the company was consolidating and preparing an effort to return to the old days of focusing on the "brick and mortar" business that it was founded on. In the weeks following, cost cutting measures were implemented and more staff rearranged and removed … including the heads of accounting and HR. Still, we were all reassured that this was being done for the good of the company.

Then come the inventory issues. All stores in the company are running short of product and the distribution center has no inventory on hand. We are told this is because new purchase accounts are being established and the lull is only temporary. District managers are plainly telling store managers as recent as yesterday that inventory problems should be taken care of soon and that we may just have to deal with it for a couple of more weeks. In the mean time, customers continues to ask if we're going out of business — resellers are openly pissed about not being able to get product.

Then there's today. And all of you already know what happened. Senior management disappeared and were unreachable by the company attorney during the "meeting of doom". We closed the store, made final deposits, got our stuff, and left.