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The latest consumer electronics news, market research and information on earnings, profitability, mergers & acquisitions and company financials within the industry.

  • Rex: Retail Net Loss, Lower Sales

    By Steve Smith, June 15, 2009
    Dayton, Ohio — Rex Stores, which plans to leave the retail business by the end of its 2009 fiscal year, reported lower net sales and a loss in its retail operation for the quarter, ended April 30. Retail sales are down more than $10 million, to $15.6 million, in its second fiscal quarter, compared with the same period last year.  More
  • Conn's Q1 Profits Up 8.5%

    By Alan Wolf, June 15, 2009
    BEAUMONT, TEXAS — Strong operating performance helped Conn's increase net income 8.5 percent to $11.5 million for the first fiscal quarter, ended April 30. Total revenue for the period rose 5.8 percent to $231.3 million, including a 12.2 percent boost from finance charges and other revenue which totaled $29.  More
  • Retail Earnings For Q1 Exceed Expectations

    By Alan Wolf, June 1, 2009
    NEW YORK — First-quarter earnings for a diverse group of retailers ranging from Sears to Staples generally exceeded analysts' expectations last month. The numbers, while weak compared with year-ago results, nonetheless suggested sound stewardship during the recession and the possibility that the economy may have finally turned a corner.  More
  • TiVo Posts Lower Fis. Q1 Sales

    By TWICE Staff, June 1, 2009
    ALVISO, CALIF. — TiVo reported lower sales and a loss for its first fiscal quarter, ended April 30. For the first quarter, service and technology revenues were $48.5 million, compared with $54.9 million for the same period last year. TiVo reported a net loss of $4.1 million, compared with net income of $3.  More
  • 8x8 Reports FY Sales Gain, Deal With Aastra

    By TWICE Staff, June 1, 2009
    SANTA CLARA, CALIF. — 8x8 reported higher sales in its fiscal year, ended March 31. Total revenue for the fiscal year was $64.7 million, compared with $61.6 million for fiscal 2008, a 5 percent year-over-year increase. 8x8 business services revenue grew 38 percent year over year, from $29.1 million in fiscal 2008 to $40.  More
  • Costco Reports Lower Net Sales, Earnings

    By TWICE Staff, June 1, 2009
    Issaquah, Wash. — Costco reported lower net sales and earnings for its fiscal third quarter, ended May 10. Net sales for the third quarter of fiscal 2009 declined 5 percent, to $15.48 billion, from $16.26 billion during the third quarter of fiscal 2008. Net income for the third quarter of fiscal 2009 was $209.  More
  • Home Depot’s Q1 Profits Up, Sales Down

    By Alan Wolf, May 19, 2009
    Atlanta — Effective management of expenses and inventory helped The Home Depot grow profits 44 percent last quarter despite a 10 percent decline in sales.  More
  • Sony: $1B Loss In Fiscal Year; More Cuts Set

    By Steve Smith, May 18, 2009
    TOKYO — Sony reported a $1.01 billion loss for its fiscal year, ended March 31, outlined further reorganization plans and is forecasting another loss in its current fiscal year. Sony said last Thursday it will close four more plants worldwide, including an LCD TV plant in Mexico, among other cost-cutting measures.  More

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