PC Mall’s Sales Slide 14%

Third-quarter sales for computer reseller PC Mall decreased 14%, to $280.3 million, down from $325.9 million for the same period last year. The Torrance, CA-based merchant's net income sank 44% for the quarter ended Sept. 30, to $1.44 million, compared to $2.59 million for the period in 2008.

But PC Mall chairman/CEO Frank Khulusi believes there are signs nationally that the economy is improving. “While consumers and businesses continue to be under significant pressure based on credit and macro-economic conditions, we believe businesses and government agencies have begun to show signs of a return to more normal spending patterns, albeit at reduced levels,” he said in a release.

And PC Mall aims to get in on any uptick in spending. “Our efforts to drive sales and gross profit growth are continuing, and we believe that our team is well equipped to add value to our customers and vendor partners,” Khulusi said. “As I have stated previously, we believe that a recession is not the time to shy away from making strategic investments that we believe are essential for the long-term success of PC Mall, and we expect to continue making these investments for the foreseeable future.”