Intertainment (TG:ITN)
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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/