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 Reports Second Quarter Sales, Elects New Board Member
Sep 5, 2003
 Printable format
 Email this Article
 Search

Circuit City Stores, Inc. announced that total sales for the second fiscal quarter ended August 31, 2003 decreased 3 percent to U.S. $2.16 billion from $2.22 billion in the same period last year, with comparable store sales declining 5 percent.

"The sales pace improved in virtually all categories during the second half of the quarter, and during the month of August we produced a comparable store sales increase of 1 percent against a strong prior year increase of 12 percent," said W. Alan McCollough, chairman, president and chief executive officer of Circuit City Stores, Inc. "Throughout the quarter, we produced strong sales growth in new television technologies such as digital big-screens and thin-panel LCD and plasma products, the digital imaging category, and DVD movie titles. The strengthening during the second half of the quarter was especially pronounced in back-to-school products such as personal computer hardware and software, game software, wireless communications, portable audio, and portable video."

Circuit City also announced the election of Allen B. King to the company's board of directors. Mr. King is president and chief executive officer of Universal Corporation, a diversified corporation with operations in tobacco, lumber, and agri-products; and chairman, president, and chief executive officer of Universal Leaf Tobacco Company, Inc., international buyers and processors of leaf tobacco.

Back to Daily News

 

Daily News

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

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

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

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

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 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