Search
 

Foreign Sales Push Circuit City

RICHMOND, VA- Domestic sales pale in comparison to the electronics retailer's international sales.

By Jennifer D. Duell | Updated on April 12, 2005

RICHMOND, VA- Circuit City Stores Inc.’s internationalsegment was a strong performer for the electronicsretailer for the fourth quarter fiscal 2005. In fact,without sales from its international segment, theretailer wouldn’t have posted any sales growth at all.

“The International Segment accounted for virtually allof the sales growth,” says CFO Michael Foss, referringto Circuit City’s recent acquisition of InterTAN Inc.”The segment had total sales growth of 15% over lastyear… and comp stores sales increases of 5.1%.”

Total sales for the fourth quarter increased 5.3% to$3.5 billion from $3.3 billion for the fourth quarterlast year. Comparable store sales decreased 1.8%.Total sales for this year’s fourth quarter includedomestic segment sales of $3.3 billion andinternational segment sales of $173.5 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.