Sales Up at Systemax

Sales at manufacturer/marketer Systemax were up for the fourth quarter and full year ended Dec. 31. Net sales for the fourth quarter increased 15%, to $938.2 million, while income for the same period jumped 46%, to $18.4 million. Internet sales rose 16%, to $235 million.

For the full year, the Port Washington, NY-based computer and industrial supplies firm posted a 4% rise in net sales, to $3.2 billion. Net income dropped 12.6%, to $46.1 million, from $52.6 million in 2008. Systemax chairman/CEO Richard Leeds credited the rise in part to increased consumer demand.

“Our consumer channel sales benefited from a robust holiday season that saw consumers shopping for lower priced products such as netbook computers, digital cameras and smaller flat screen televisions both online and at our retail stores, as well as the Circuit City asset purchase which was completed in May 2009,” Leeds said in a statement. “The market share growth strategy we have followed since the beginning of the economic downturn is beginning to pay off for us.”

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
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.