Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Circuit City Announces First-Quarter Sales
Jun 6, 2003
 Printable format
 Email this Article
 Search

Circuit City Stores, Inc. yesterday reported total sales of U.S. $1.93 billion for the first fiscal quarter, which ended May 31, 2003. This was a 9-percent reduction from the $2.12 billion reported for the same period last year. The company said it expects a loss per share of $0.23 to $0.25. Comparable store sales decreased by 10 percent.

According to W. Alan McCollough, chairman, president, and CEO of Circuit City Stores, Inc., while the company observed drops in average retails for many product categories, "We remain pleased by continued strength in new, more complex technologies, such as digital imaging and big-screen TVs and in the traffic-driving entertainment software category."

The company will continue to remodel and relocate its stores throughout the year, according to Mr. McCollough. "During the first quarter, we completed the refixturing of nine Superstores," he said. The company also expects "to complete this fiscal year’s refixturing in approximately 200 stores by the end of September," Mr. McCollough said.

Back to Daily News

 

Daily News

...........................................................

Oct 21, 2014: AHRI Annual Meeting Registration Remains Open

Oct 20, 2014: Electrolux 3Q Operating Income up 29%

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: Corrected: AHRI Annual Meeting Registration Remains Open

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows