CompUSA said Thursday that it has opened three new stores, bringing its Retail 2.0 concept to three new markets. The stores in Houston, Newark, Del., and Euless, Tex, brings CompUSA's North American store count to 33.
The home theater builder Theater Xtreme announced Tuesday that it will open a new location in Moorestown, N.J. The new store, which will be a part of the East Gate Shopping Complex, will be about 15 miles East of Philadelphia, and just over an hour away from the company’s headquarters in Newark, Del. “The Moorestown Mall exemplifies the type of location that we believe will maximize our exposure to a premier market,” the company’s CEO, Scott Oglum, said in a statement announcing the new location. The company currently operates three company-owned stores and 11 franchises. The store is expected to come online
The home theater supplier Theater Xtreme has received, for the second year in a row, the 2007 Readers Choice Award for Best Home Theater, from the Wilmington News Journal, the largest newspaper in Delaware. The paper, owned by Gannett, awarded the honors based on reader surveys. TheaterXTreme has a location in Wilmington; its corporate headquarters is in Newark, Del. In July, Dealerscope editor Jeff O’Heir toured the Wilmington location along with CEO Scott Oglum.
Theater Xtreme Entertainment Group, a Newark, Del.-based retailer and installer of home move theaters, reported revenues of about $1.8 million for its last quarter ended March 31, compared to about $1 million during last year’s quarter. The company also said it increased gross profit over last year’s quarter to $637,315 or 45 percent. The company reported that since April 1, 2006, it received more than 1000 system orders, with prices ranging from $3,000 to $15,000, for combined sales of more than $10 million. “We are executing on our growth strategy as planned. Most notably, we are expanding our complete-theater-room product offering while