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 Q4 Sales
Mar 4, 2005
 Printable format
 Email this Article
 Search

For the fourth quarter ended Feb. 28, 2005, total sales increased 5.3 percent to U.S. $3.47 billion from $3.30 billion in the same period in 2004, with comparable store sales decreasing 1.8 percent. For the fiscal year, total sales increased 6.3 percent to $10.47 billion from $9.86 billion last fiscal year, with comparable store sales increasing 0.7 percent.

"We believe that the improving trend in sales since December reflects early improvements in our promotional and advertising effectiveness that translated into increased consumer traffic as the quarter progressed," said W. Alan McCollough, Circuit City's chairman and CEO. "We continue to take steps to move our business forward and are beginning to see initial results from the recent changes we have implemented."

A decrease in wireless sales, principally driven by a business model change in the third quarter, accounted for approximately 100 basis points of the company's overall comparable store sales decrease in the fourth quarter. A decrease in digital video service sales, principally driven by a business model change in the second quarter, accounted for approximately 80 basis points of the company's overall comparable store sales decrease in the fourth quarter.

During the fourth quarter ended Feb. 28, 2005, the company expanded the revenues included in comparable store sales to include extended warranties, installations, and other non-merchandise revenues. Previously, revenues included in the comparable store sales calculation were limited to merchandise sales.

For the fourth quarter, total sales for the domestic segment were relatively unchanged from the same period last year at $3.30 billion, with comparable store sales decreasing 1.8 percent. For the fiscal year, total sales for the domestic segment increased 1.6 percent to $10.02 billion from $9.86 billion in the same period last year, with comparable store sales increasing 0.7 percent.

Back to Daily News

 

Daily News

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

Nov 26, 2014: Hamilton Beach 3Q income down slightly

Nov 26, 2014: LG's sales of Inverter Linear Compressor refrigerators top 10 million

Nov 25, 2014: Robotics Exhibits Grow 25% at 2015 CES

Nov 25, 2014: Index shows HVAC/R contractors more positive than last year

Nov 25, 2014: Consumer Confidence Index Declines

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