To: PCSS who wrote (73990 ) 12/17/1999 9:42:00 AM From: rupert1 Respond to of 97611
Tandy reports increase in December sales - just not as big an increase as they had expected. Still expect improvement and double digit increase. Tandy sells a lot more than COMPAQ computers and there is no breakdown of which of its products did well. RadioShack Reports on Holiday Shopping FORT WORTH, Texas, Dec. 17 /PRNewswire/ -- Tandy Corporation's (NYSE: TAN) RadioShack division reported today that the comparable store sales increase for the first half of December was slightly below the monthly goal of an 8-10% increase. The Company also reported that it expects to achieve a double digit sales gain for both the full year and fourth quarter. "Increases in customer traffic have been higher over the weekends than during the weekdays, with the Southeast and Midwest being the strongest geographic areas for us. Our planned advertising programs strengthen as the month progresses, and the week after Christmas is always important for the Company. In fact, historically 55-60% of our monthly sales normally occur over the remainder of the month," stated Chairman, President and CEO of Tandy Corporation/RadioShack Len Roberts. Tandy/RadioShack's retail month ends on December 31 and the company will report the full month results on January 6, 2000. Tandy Corporation/RadioShack is the nation's largest and most trusted consumer electronics retailer in the United States, and offers both on- and off-line shopping convenience. 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," "expects," "plans," "goals" and other similar words or phrases. These uncertainties include, but are not limited to, economic conditions, adverse weather, product demand, competitive products and pricing, availability of products and other risks indicated in filings with the Securities and Exchange Commission such as Tandy's most recent Form 10-K and 10-Q.