To: Elwood P. Dowd who wrote (67262 ) 9/3/1999 4:45:00 PM From: Night Writer Respond to of 97611
You got me with that comment. NW RadioShack's August Sales Increase 14% Eighth Consecutive Month of Double Digit Sales Gains FORT WORTH, Texas, Sept. 3 /PRNewswire/ -- Tandy Corporation (NYSE: TAN) reported sales of its RadioShack division for the month of August 1999 were $322.5 million, a 14% increase compared to $283.8 million last year. RadioShack's continuing comparable store sales increased 10% when compared with the prior year period. Sales to RadioShack dealers, which are not in comparable store sales numbers, increased 81% as initial Christmas orders were shipped to the dealers. "I am pleased with our solid sales performance this month when we were up against our largest gain during last year, which was the result of RadioShack and Compaq introducing the new Compaq store-within-a-store and Creative Learning Series. RadioShack's major categories are continuing their pace this year, with wireless phones and direct-to-home satellite systems leading the way," stated Chairman, President and CEO of Tandy Corporation/RadioShack Len Roberts. "RadioShack's comparable store sales gain for the first two months of the September quarter was 13%." RadioShack's year-to-date total sales were $2,370.3 million this year compared to $2,040.2 million last year, representing an increase of 16%. Year-to-date comparable store sales increased 14%. Tandy Corporation/RadioShack is the nation's largest consumer electronics chain and one of the most trusted electronics retailers in the United States. With more than 7,000 stores and dealers, RadioShack sells more wireless telephones, telecommunications products and electronic parts and accessories than any other retailer. It is estimated that 94 percent of Americans live or work within five minutes of a RadioShack store or dealer. For more information, visit Tandy Corporation/RadioShack web sites at www.tandy.com and www.radioshack.com. Statements made in this press release which are forward-looking statements involve risks and uncertainties and are indicated by words such as "anticipate," "could," "plans," "goals" and other similar words or phrases. These uncertainties include, but are not limited to, economic conditions, product demand, competitive products and pricing, availability of products, the regulatory environment, real estate market fluctuations and other risks indicated in filings with the Securities and Exchange Commission such as Tandy's most recent Form 10-K and 10-Q. SOURCE Tandy Corporation CO: Tandy Corporation; RadioShack ST: Texas IN: REA CPR SU: SLS 09/03/1999 09:17 EDT prnewswire.com