INTELLIGENT ELECTRONICS OPENS 75TH BIZMART
INTELLIGENT ELECTRONICS OPENS 75TH BIZMART EXTON, Pa., Feb. 24 /PRNewswire/ -- Intelligent Electronics Inc.
(NASDAQ-NMS: INEL), a leading office productivity retailer, announced the opening of its 75th BizMart location Sunday, Feb. 23, in Westerville, Ohio.
The introduction of the company's new megacenter marks the continuation of Intelligent's rollout plan. Intelligent Electronics' supercenters and megacenters operate under the chain name BizMart and are located in major metropolitan areas nationwide. Since acquiring the BizMart chain last June, Intelligent has opened 19 new BizMart locations and enhanced and reformatted all its existing BizMart supercenters and megacenters to offer total office productivity solutions. The retail supercenters feature competitively- priced, name-brand office productivity products from Apple, Bell Phones, Compaq, Cross, Hewlett-Packard, IBM, NEC Technologies, Panasonic, Rolodex, and Toshiba. According to James Berk, chief executive officer of Intelligent's Consumer Retail Division, customers are demonstrating their enthusiasm for BizMart's total office productivity concept. Same store sales have climbed more than 50 percent each of the past three months since November when the company began reporting monthly same store sales growth. "BizMart customers are responding positively to our total office offering," he said. Intelligent offers its network of more than 1,500 systems resellers and affiliates an opportunity to franchise the computer departments in BizMart supercenters under a store-within-a-store arrangement. Bill Sero, the participating reseller in the Westerville megacenter, spoke enthusiastically about the plan, "I'm looking forward to participating in the BizMart opportunity. Customers are already benefitting from the exceptional technical and sales expertise of my experienced staff." Intelligent Electronics' network of retail supercenters and systems resellers serves more than 700 business communities in the United States. Currently the company operates 15 BizMart megacenters, which occupy approximately 30,000 square feet, and 60 BizMart supercenters, ranging in size from approximately 18,000 to 22,000 square feet. Today, Intelligent's BizMart locations represent more than 1,800,000 square feet of retail space. /delval/ -0- 2/24/92 /CONTACT: Patrice W. Johnson of Intelligent Electronics, 215-458-6706/ (INEL) CO: Intelligent Electronics, Inc. ST: Pennsylvania, Ohio IN: REA SU:
MK -- PH015 -- 1869 02/24/92 11:47 EST
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|Date:||Feb 24, 1992|
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