Net Sales Grow for Circuit City
According to the second quarter results released by Circuit City on Wednesday, net sales are 11 percent higher than last year at this time, complemented by a comparable sales gain of 8.3 percent. Web originated sales in the domestic segment have grown 74 percent, while gross profit margin was flat. Philip J. Schoonover, chairman, president and CEO of Circuit City Stores, Inc. said, “We are particularly pleased with our results, given the mixed macroeconomic signals and aggressive competitive environment during the quarter.”
He went on to outline the company’s strategy for the second half of the year, “In the home entertainment area, we will take advantage of the higher seasonal demand by enhancing the in-store customer experience through the completion of more than 500 department resets using the lessons learned from our innovation tests; launching our services brand, firedog(SM); and ensuring a competitive assortment by adding new home entertainment brands and promotional offerings for our customers.”
David Thomas, CEO at Evident, is an accomplished cybersecurity entrepreneur. He has a history of introducing innovative technologies, establishing them in the market, and driving growth – with each early-stage company emerging as the market leader.