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 Q2 Losses Narrowed, Revenues Up
Sep 20, 2004
 Printable format
 Email this Article
 Search

Richmond, VA, U.S.-based consumer electronics retailer Circuit City reported an 8.8-percent increase in second quarter profits for fiscal year 2005. Second-quarter sales for U.S. were reported at U.S. $2.35 billion for the period ending Aug. 31, 2004, compared to $2.16 billion for the same period in 2003.

Comparable store merchandise sales increased 2.9 percent, including total U.S. sales of $2.23 billion and international sales of $117.8 million. Sales of digital televisions, notebook computers, and warranty plans boosted results.

Operation losses also narrowed to $11.4 million, or $.06 per share, in the second quarter ending Aug. 31, from $39.3 million, or $.19 a year earlier.

Results from the recently acquired InterTan, a Canadian consumer electronics retailer, also added $3.4 million, or $.02 a share, to the latest results.

“During the first half of the year, we have continued to refine our store designs, merchandise offerings, and store staffing to help ensure that we deliver an exceptional in-store consumer electronics shopping experience during the upcoming holidays,” W. Alan McCullough said, chairman, president and chief executive of Circuit City Stores, Inc.

The company currently expects to open approximately 60 superstores of which slightly less than half would be relocations from underperforming locations, in fiscal 2005. In addition, the company revamped its Web site to provide customers with an improved online shopping experience.

Back to Daily News

 

Daily News

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

Apr 18, 2014: Spectrum Brands CEO Lumley Joins Husqvarna Board

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows