twice connect

RadioShack Sales Dip 9% During Q1, Net Rebounds 11%

4/29/2002 02:00:00 AM Eastern

Improved profit margin offset declining sales at RadioShack during the first quarter, helping the retailer to increase its earnings.

RadioShack reported sales of $1 billion for the first three months, down 9 percent from the $1.1 billion recorded in the year-ago period. Comp-store sales in the first quarter decreased 7 percent.

The retailer announced net income of $57.6 million, up 11 percent from the $46.5 million reported in the first quarter of 2001. On an adjusted basis, the company reported $65.1 million in net income for the first quarter of 2001.

RadioShack reported a 228-basis-point increase in gross margin, to 50.2 percent, during the first three months ended March 31. Selling, general and administrative (SG&A) expenses were down 3 percent.

ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston

ADL Honors Morales, Bilas, Paull, Weedfald At Annual Dinner

New York — The Anti-Defamation League’s National