Sales Dip for OfficeMax, Brookstone

Share this content:
Two multichannel merchants said yesterday they had declining sales for fiscal 2005.

OfficeMax, Itasca, IL, reported sales of $2.46 billion, down 8.7 percent from $2.7 billion in 2004. The office products company had a net loss of $73.8 million for 2005 as well as a fourth-quarter loss of $43.1 million.

OfficeMax totaled net income of $173.1 million for 2004, though this included the sale of Boise Building Solutions and Boise Paper Solutions, its paper, forest products and timberland assets.

The net loss for 2005 includes items that are not expected to be ongoing, the company said, such as expenses associated with the discontinuation of operations at its wood-polymer building materials facility. The 2005 result also includes the closure of 110 domestic retail stores in the fourth quarter.

Brookstone Inc., Merrimack, NH, reported total net sales of $440.6 million for the 48 weeks ended Dec. 31, 2005, down 4.4 percent from the 48 weeks ended Jan. 1, 2005. Same-store sales fell 8 percent for the period.

Net sales totaled $226.1 million for the 13 weeks ended Dec. 31, down 2.6 percent from the 13 weeks ended Jan. 1, 2005. Same-store sales dropped 7.6 percent.

Brookstone altered its fiscal year, so fiscal 2005 results cover Jan. 30 to Dec. 31, 2005.


Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above