InterTAN Reports Sales For November
December 04 2003 - 6:30AM
PR Newswire (US)
InterTAN Reports Sales For November TORONTO, Dec. 4
/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 November were
$47,755,000. Measured in local currency, total sales were up 4%
compared with the prior year period. On a comparable store basis,
sales for the month were flat compared with the same period a year
ago. "November's overall sales continued to improve and our four
percent increase, while modest, compounds last year's five percent
increase and six percent increase the prior year," commented Brian
E. Levy, President and Chief Executive Officer. "All of our major
categories registered sales improvements with the exception of
satellite television and software/gaming. We're in very good shape
for merchandise, and looking forward to the next several weeks of
holiday shopping," Levy concluded. InterTAN, Inc., headquartered in
Toronto, operates through approximately 980 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
December on January 8, 2004. Certain information disclosed in this
press release, including, among others, statements regarding
merchandise inventory levels, 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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