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RadioShack Reports Flat Comp Store Sales for October

6 Nov, 2001 By: Hive News

RadioShack Corporationreported Tueday that total sales from its retail division, including sales to its dealer/franchise stores, decreased 2% for October, from$371.1 million last year to $363.9 million this year.

On a comparable storesbasis, sales at company-owned stores were flat for the month, the company said.

"The retail sector continues to be impacted by the tougher economic environment," said Leonard Roberts, chairman and c.e.o. of RadioShack Corporation, in a press statement. "Yet, we continue to experience sales gains in our two anchor businesses, wireless communications and parts, batteries and accessories. We credit this sales trend to a continued focus on our anchor growth strategy, which we believe positively positions us for long-term shareholder value."

RadioShack's year-to-date total sales were $3,518.0 million this year compared to $3,462.4 million last year representing an increase of 2%.

Year-to-date comparable store sales increased 2%.

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