The electronics retailer reported revenue decrease of 8% to $3.65 billion. Same-store sales fell 10.4%. Video sales saw a low-double-digit decrease, with double-digit sales growth in flat-screen televisions unable to offset sales decreases in tube and projection televisions. For Q1, the company expects a loss from continuing operations before taxes of $180 million to $195 million, due to weak operating trends. |
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