InterTAN Reports Sales for October
06 November 2003 - 10:30PM
PR Newswire (US)
InterTAN Reports Sales for October TORONTO, Nov. 6
/PRNewswire-FirstCall/ -- InterTAN, Inc. (NYSE: ITN; TSX: ITA), a
leading consumer electronics retailer of both private label and
internationally branded products, today announced that sales of its
Canadian subsidiary in U.S. dollars for the month of October were
$36,134,000. Measured in local currency, total sales were flat
compared with the prior year period. On a comparable store basis,
sales for the month were down 3% compared with the same period a
year ago. "We continued to grow sales in Eastern and Western Canada
countered by reduced sales in Ontario. We are seeing encouraging
growth in sales of personal computers and accessories and in most
of our traditional product lines that we have beefed up this year,
however continued weakness in sales of home satellite sales as well
as video games and software are offsetting that sales growth,"
commented Brian E. Levy, President and Chief Executive Officer. "We
continue to maintain a positive outlook on the holiday season, and
have many exciting additions to the holiday assortment landing in
our stores in the next 14 days to give sales an additional boost.
Our seasonal staff is on board and getting stronger with each day,"
Levy concluded. InterTAN, Inc., headquartered in Toronto, operates
through approximately 960 company retail stores and dealer outlets
in Canada under the trade names RadioShack(R), Rogers AT&T
Wireless Communications Express(R), and Battery Plus(R). InterTAN
will report its sales results for the month of November on December
4, 2003. Certain information disclosed in this press release,
including, among others, statements regarding exciting additions to
the holiday assortment to give sales an additional boost, on the
Company's future performance, and the Company in general,
constitutes forward-looking statements that involve risks and
uncertainties. Important factors that could cause actual results to
differ materially from those in the forward-looking statements
include, but are not limited to, consumer demand and preferences,
product availability, development of new technology, general
economic conditions, and other risks indicated in filings with the
Securities and Exchange Commission such as InterTAN's previously
filed periodic reports, including its Form 10-K for the 2003 fiscal
year. DATASOURCE: InterTAN, Inc. CONTACT: James P. Maddox, C.A.,
Vice President and Chief Financial Officer of InterTAN, Inc.,
+1-705-728-7111 Web site: http://www.intertan.com/
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