CEO: We increase market share & margin in appliance
This is from CC transcript of 8/2/12 ____________________________________________
In the appliance category, we remain very pleased with the results of our initiatives. We are continuing to gain market share and are becoming the appliance retailer of choice in our markets.
Our growth in the category remains robust, and is likely that appliance will grow to be our largest product category this fiscal year.
We are also pleased with the stability of gross margins in this category, and believe the appliance business is an attractive business that will continue to drive our business over time.
While the computing and mobile phone industry have negatively impacted as consumers defer purchases until the upcoming product launches by Microsoft and Apple, we were still able to generate positive comparable store sales in this product category.