Ultimate Electronics sales fell 1.7% for the 3rd quarter ended Oc...
Ultimate Electronics sales fell 1.7% for the 3rd quarter ended Oct. 31 to $159.7 million on an 8% same- store sales decrease, the chain said Thurs. It said the figures were preliminary and subject to adjustment. CEO Dave Workman…
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said the same-store sales decline could be blamed on “traffic and execution issues” that contributed to a weak start to the quarter, but performance improved significantly in Sept. and Oct. He said Ultimate believed “turnaround initiatives” launched earlier in the year were beginning to bear fruit, “and we look forward to continued improvement as we gear up for a successful holiday selling season.” Ultimate has set the release of 3rd-quarter results Dec. 2.