By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Net sales at Rex Stores were relatively flat during the fiscal second quarter, reaching $99.9 million, compared with $101.6 million in the same three months last year. Comp-store sales for the period fell 8 percent.
Net income comparisons for the quarter also were virtually a wash, with the second quarter net ended July 31 hitting $3.87 million, compared with a $3.98 million net in the year-ago period.
For the six months, Rex net sales dropped a bit over 2 percent, from $208.8 million in the first half of last year, down to $204 million in the comparable period this year. Comp-store sales for the first half fell 11 percent.
Net income for the six months reached $7 million, down from $7.2 million in the year-ago first half.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.