San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
Fort Worth, Texas — RadioShack reported a net loss, slightly lower sales, and lower comp sales in the fourth quarter, and a net loss for the year, ended Dec. 31.
Total net sales and operating revenue were $1.3 billion, compared with $1.4 billion last year. Comp-store sales were down 7 percent, driven by a decline in the mobility and consumer electronics platforms, the chain said.
Washington — Sales at CE and appliance stores rose 1.3 percent in January to an estimated $8.4 billion, the U.S. Commerce Department reported.
In contrast, sales edged up just 0.2 percent from December, the agency said.
The increase may reflect the impact of last month’s Super Bowl, which was the third-largest sales period for TVs in 2012, according to The NPD Group.
Washington — December sales for CE and appliance retailers rose 1.3 percent to $8.4 billion, the U.S. Commerce Department reported.
However, sales slid 0.6 percent from November the agency said, confirming reports from retailers of a strong start to the holiday season and a weaker finish in December.
Port Washington, N.Y. – CE retail sales fell 7 percent to $13.7 billion during the holiday period of Nov. 18-Dec. 22, The NPD Group reported.
The data exclude sales of mobile phones, Amazon Kindle products, iPad, video games and Microsoft’s Surface computers.
Most CE categories tracked by NPD struggled, the market research firm said, although TVs and notebook computers each enjoyed sales in excess of $2 billion.
No other single segment accounted for more than $1 billion in revenue.
New York – CE retailers reported a mixed December, as a last-minute sales surge was unable to offset post-Thanksgiving sluggishness in the first three weeks of the month.
“Strong results late in the month did not completely offset softness in the first three weeks,” said Target chairman, president and CEO Gregg Steinhafel. Net December sales rose a scant 0.8 percent for the No. 2 discount chain, to $10.2 billion, and comparable store sales were essentially flat. Comp sales in hardlines, which includes home entertainment, declined by the mid-single digits.
Washington – Retail sales for CE and white-goods merchants slipped 1 percent to $8.4 billion in November, the U.S. Commerce Department reported, although revenue edged up 2.5 percent from October.
In comparison, e-tailers and other direct-sellers enjoyed an 11.1 percent boost in total November sales to $38.5 billion year over year, the agency’s monthly retail sales estimates show, while total U.S. retail sales, excluding car dealers, gas stations and restaurants, were up 3.4 percent to $367 billion.
For about a decade, give or take a year or so, I have been visiting the same three stores on Black Friday at around the same time – 9 a.m. to noon – P.C.
Taoyuan, Taiwan – HTC’s revenue and net profit fell for the fourth consecutive quarter on a year-over-year basis in the third quarter ending September.
It fell at a higher
percentage decline rate than in the previous three quarters, the company’s financial report shows.
The company nonetheless continued to post a net profit after taxes. Net profit came to NT$3.9 billion, down 79 percent, on a revenue decline of 48 percent to NT$70.2 billion.
Overland Park, Kan. – Sprint hopes to stimulate holiday sales of tablets, including the iPad Mini and fourth-generation iPad, with the launch of new no-contract plans designed specifically for 4G LTE tablets.
Beginning Nov. 11, the carrier will launch two new limited-time “special offer” rates for consumers who have a Sprint smartphone with a qualifying smartphone data plan. The special-offer plans charge $10/month for 100MB and $15/month for 1GB. The latter is priced lower than the company’s current 1GB plan, which costs $19.99.