Systemax Q4 2013 sales fall by -6.5% Y-o-Y to $874.5 million as "outstanding" Industrial Products group performance fails to offset consumer and overall technology business declines.
"Our Technology Products business had a mixed performance, with our B2B operations in both Europe and N. America showing improved revenue trends on a sequential quarter basis, while our consumer business delivered disappointing results as it continues to face a very competitive environment," CEO Richard Leeds says.
The distributor describes Q4 2013 Technology increase in Europe as "modest," but fails to give actual numbers. In N. America the company shuttered a number of "under-performing" brick-and-mortar retail outlets, but does not give an exact amount.
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