Rex Fiscal Q2 Sales Flat, Comps Off 8%

Staff On Sep 3 2001 - 6:00am

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.

Alert to All Users of the Disqus commenting system:

Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Heres a URL about the issue:








Enjoy the greatest pictures taken from famous shows and events this year.

Current Issue


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.