Chain's rally stalls: hopes still high for Computer City.(sales flat in May, 1996)(includes information on parent company Tandy)
HFN: The Weekly Newspaper for the Home Furnishing Network, June, 1996 by Richter, Allan
Wall Street analysts say flat comparable-store sales for the month of May, 1996, at Computer City do not mean the firm's efforts at a turnaround are failing. Computer City's comparable-store sales rose 7% in Feb, 5% in March and 10% in April, 1996. Analysts say new Pres Matt Howard has not had enough time to completely turn Computer City around. Finances at parent company Tandy and its subsidiaries Incredible Universe and Radio Shack are also being observed by investment advisers.
New York -- Flat comparable store sales at Computer City during May were greeted like ice water down Wall Street's back, a cold wake-up call for analysts pleasantly surprised earlier this year by the chain's positive sales trend.
The basis of strong comp-store sales at Computer City in...
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