Egghead announces August 1996 sales results.SPOKANE, Wash.--(BUSINESS WIRE)--Sept. 13, 1996--Egghead Inc. (Nasdaq: EGGS) today reported sales results for the month of August 1996, which included the period from July 28, 1996, through Aug. 24, 1996. These results exclude the operations for the Corporate, Government, and Education division which was sold on May 13, 1996. The company's consolidated revenue from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the for the month of August 1996 was $24.1 million, a decrease of 31% from the $34.9 million in revenue from the same period of the previous year. The average number of stores in full operation during August 1996 was 158, down from 164 during the same period of the previous year. Comparable store sales for the month of August 1996 decreased 34% from the same period of the previous year. Comparable store sales, excluding the effect in both periods of the sales of Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. 95 which was released during the last week of the August 1995 period, decreased by 24%. These comparable store sales results do not include Egghead's sales through its Direct Response and Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the site (www.egghead.com). During the month, Egghead closed 3 stores. The ending number of stores in operation on Aug. 24, 1996, was 156. The company also announced that George Orban, the chairman of the board of directors, who has been providing retail consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to the company, is assuming additional management responsibility and is temporarily relocating to Spokane. Most of the company's headquarters functions, including distribution, store operations, real estate and finance, will report to Orban, so that Terry Strom, the company's president and chief executive officer, can focus on merchandising merchandising Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. , advertising, and inventory management in preparation for the Christmas season. Egghead Inc. is a leading retailer of computer software, hardware and accessories with retail stores located throughout the country and corporate offices located in Spokane. CONTACT: Egghead Inc. Edward Wozniak, 509/891-4851 or Fi.Comm See comms. Michael Newman Michael Newman (born 1957) was a Los Angeles County lifeguard for 20 years and a firefighter. Newman started his career as a lifeguard at the age of 10 when he joined the junior lifeguards. He excelled at swimming and water sports and attended Pacific Palisades High School. , 800/790-0569 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion