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Lawrenceville, Ga. – SED International Holdings, a distributor of computer technology, CE and other home products, reported lower net sales and a net loss in its fiscal third quarter ended March 31.
Net sales were $128.8 million for the quarter, a 7.1 percent decrease over net sales of $138.7 million reported for the same period last year. The decrease was driven by weak demand in U.S. IT storage system products and across Latin American operations, SED said.
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Oxnard, Calif. — Nyne signed SED International as the first national distributor to sell Nyne’s entire product line of high-end portable Bluetooth speakers and home audio systems to channel partners and retailers in the U.S.
Nyne also sells through “very carefully selected regional distributors as well as independent sales reps that understand our high-end brand and adhere to our MAP policy,” the company told TWICE.
Lawrenceville, Ga. - SED International Holdings reported lower sales and loss in its first quarter ended Sept. 30.
This distributor reported net sales of $126.4 million, a decrease of 18.9 percent from the prior year’s first quarter. SED said sales were negatively impacted by the weak demand for our PC, notebooks and television products which reflects similar declines within the microcomputer industry
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