18 Quotes by Alan McCollough

Continued strength of the consumer electronics and home office categories and the recent substantial weakness in major appliances accelerated our decision to reformat all existing superstores. The major appliance business carries high fixed costs and tends to be more cyclical than other retail categories." ()

During the second quarter, we moved forward on a number of fronts. We're pleased with returning to second-quarter profitability for the first time in five years." ()

Sales were particularly strong in those categories that were expanded following last year's exit from the appliance business and which seasonally peak in December, ... These categories include video game hardware, software and accessories; digital cameras; personal computer software and accessories; and DVD software." ()

Our thoughts and prayers go out to the people who were affected by Hurricane Katrina. Our donation is part of Circuit City's broader effort to help the victims recover." ()

Although we had anticipated modest sales disruption related to our exit from the appliance business and the partial remodel of all stores, since the end of September, sales have softened significantly in virtually all product categories, including those not affected by the remodeling process," ()

In December we saw strength in a broad number of categories, but we saw significant strength in flat panel televisions, MP3 players and accessories, notebook computers, video game hardware, navigation products and imaging products." ()

The industry trends and our own initiatives resulted in strong sales of new technologies such as digital and thin-panel televisions, portable DVD players, digital satellite systems and portable digital audio,

Although December sales started relatively strong and picked up at the end of the month, we were not able to offset mid-month weakness, ... For the full month, traffic was up slightly, but not at the level of improvement we experienced in November.

The first-quarter comparable stores sales growth was slightly ahead of our expectations, with sales exceeding our outlook early in the quarter, but softening during the final month." ()