Systemax posts $1.3 million loss

Systemax Inc., a Port Washington electronics retailer, reported

Systemax Inc., a Port Washington electronics retailer, reported April 29, 2014, that it lost $1.3 million during the first quarter as its retail sales fell.

Systemax Inc., a Port Washington electronics retailer, said it lost $1.3 million during the first quarter as its retail sales of computers, software and accessories continued to wither.

The company, which sells products through stores and a variety of websites and catalogs, said revenue declined to $873.4 million during the three months ended in March. That's down less than 1 percent from the same period last year, when Systemax lost $6.3 million.

"While our consumer technology revenue performance remains weak, we continue to take a very disciplined approach to managing this business and are making progress on improving our bottom line," Systemax chairman and chief executive Richard Leeds said.


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Retail sales, which encompass roughly one quarter of the company's overall revenue, fell 22 percent, to $224.4 million.

The company's sales to other businesses, which comprise nearly 75 percent of sales, increased by 9 percent, to $649 million.

Systemax released the results after the close of regular trading on Wall Street. Shares were up 1 percent, to $18.50, in after-hours trading.

The company employs about 5,100 people globally, including roughly 300 on Long Island.

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