Revenue Down at United Stationers

Third-quarter sales for office supplies merchant United Stationers declined 6.8%, to $1.25 billion, compared to $1.34 billion last year. Net income rose a little more than 1%, to $33.5 million, from $33.1 million last year. Revenue for the quarter was affected by “weak economic conditions across all product categories,” according to a company release.

While market conditions remained difficult, company president/CEO Richard W. Gochnauer said sales results showed “modest sequential improvement from the second quarter.”

What’s more, Gochnauer added: “Cash flow generation continued at a record pace, enhancing our financial strength and flexibility. We have achieved these results, in this difficult economy, through the hard work and leadership of our associates.”

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.