Short Take: CompUSA net sales rise

Computer retailer CompUSA announced that net sales increased while same-store sales fell 1.7 percent during the first quarter of fiscal 1999. The company blamed the decline on lower prices, cutbacks in corporate spending, and the impact of previously announced store closures. Net sales increased by 18 percent to $1.4 billion from a year-ago quarter sales of $1.19 billion. CompUSA added they were pleased with sales of Apple Computer's iMacs.

Jan. 2, 2002 4:43 p.m. PT

Computer retailer announced that net sales increased while same-store sales fell 1.7 percent during the first quarter of fiscal 1999. The company blamed the decline on lower prices, cutbacks in corporate spending, and the impact of previously announced store closures. Net sales increased by 18 percent to $1.4 billion from a year-ago quarter sales of $1.19 billion. CompUSA added they were pleased with sales of Apple Computer's iMacs.