(COMTEX) B: Online Computer Sales Top $1 Billion at Retail, Reports C
B: Online Computer Sales Top $1 Billion at Retail, Reports Computer Retail Week
MANHASSET, N.Y. (Dec. 30) BUSINESS WIRE -Dec. 30, 1998-- Sales Among
Leading Outlets Increase to $37.6 Billion, According
to Annual Top 100 Retailers Survey
Online retailers posted well over $1 billion in combined
computer-products sales in 1998, according to the annual Top 100
Retailers survey to be published in the January 4, 1999, issue of CMP
Media's Computer Retail Week. These include online-only retailers like
Cyberian Outpost, as well as the online efforts of established
retailers such as CDW Computer Centers, with projected Web sales of
$100 million.
Overall, despite lower prices of personal computers which may have made
their work more challenging, computer retailers posted solid gains with
Internet stores, direct marketing and better control of inventory
pushing 1998 sales among the Top 100 Retailers to a projected total of
$37.6 billion. In a year-to-year comparison, that excludes mail order
and 1998 start-ups, the Top 100 Retailers achieved a respectable 13.8
percent increase in computer-merchandise sales to $29 billion this year
from $25.5 billion in 1997.
The build-to-order model also helped sales substantially in 1998, with
new entrant Gateway Country Stores racking up an estimated $745 million
in its first full year of sales.
CompUSA heads the Top 100 Retailers ranking with $5.75 billion in
projected 1998 annual sales, up 13.4 percent from $5.07 billion in
1997. Its continued growth is attributed in part to the August 1998
acquisition of Computer City, ranked fifth in 1997, and an increased
volume of corporate sales.
The Top 10 retailers are:
1. CompUSA (NYSE: CPU) $5.75 billion
2. Best Buy (NYSE: BB) 3.93 billion
3. Office Depot (NYSE: ODP) 2.9 billion
4. Micro Warehouse (Nasdaq: NWHS) 2.32 billion
5. Circuit City Stores (NYSE: CC) 2.08 billion
6. Staples (Nasdaq: SPLS) 1.91 billion
7. CDW Computer Centers (Nasdaq: CDWC) 1.67 billion
8. OfficeMax (NYSE: OMX) 1.24 billion
9. Micro Center 1.1 billion
10. Global Direct Mail (NYSE: GML) 1.08 billion
The complete survey findings and Top 100 Retailers ranking will be
published in Computer Retail Week's January 4 issue and is posted on
its Web site at www.crw.com.
The Computer Retail Week Top 100 list is compiled with the assistance
of financial analysts, vendors, industry analysts and public
information sources. All of the data in the report are presented as
Computer Retail Week estimates, based on data from these public and
private sources.
The leading retailers and their key executives will be honored at the
annual Computer Retail Week Top 100 awards reception to be held at
Retail XChange in Miami, February 16-19, 1999. Information about Retail
XChange is available at (800) 263-4530.
CMP Media's Computer Retail Week is the leading newspaper for
technology retailers. Each week, it provides critical information about
new solutions, technologies, alliances and products for a wide audience
of computer superstores, software retailers, mass merchants and other
channel members. Breaking news also is posted on its home page,
crw.com. In addition, its specialized online Webpaper,
Computer Retail Web, covers the technology, products and people driving
Internet-based computer retailing at computerretailweb.com.
CMP Media Inc. (Nasdaq: CMPX) is the leading high-tech media company
providing essential information and marketing services to the entire
technology spectrum--the builders, sellers and users of technology
worldwide. With its portfolio of newspapers, magazines, custom
publishing, Internet products, research, consulting and conferences,
CMP is uniquely positioned to offer marketers comprehensive, integrated
solutions tailored to meet their individual needs. Online editions of
the company's print publications, along with products and services
created exclusively for the Internet, can be found on CMPnet at
cmpnet.com. NSTL, the company's independent testing lab and
consulting organization, serves government, corporate and technology
vendor clients around the world.
-0- emb/ny*
CONTACT: Barry J. Zusman
(516) 562-7040
bzusman@cmp.com
or
Steve Rubel
(516) 562-7434
srubel@cmp.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS TELECOMMUNICATIONS
INTERACTIVE/MULTIMEDIA/INTERNET COMED PUBLISHING RETAIL Today's News
On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
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It came out at 9:53AM 12/30/98. I read it first using mytrack. Today's date is show at top right of doc as I copied & pasted this AM. Jim - Dallas |
