Systemax in the red after Q2 consumer slump

Sam Trendall
clock

CEO Richard Leeds aims to fix marketing and inventory management after "unacceptable" operating loss and sales decline

Resale giant Systemax posted an annual sales decline and slumped to an operating loss in 2012's second quarter as the soft consumer market smashed the US firm in the pocket. For the three months...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like

Legal

Whether it's illegal importing, breach of contract, bribery, or hacking a competitor's email, the channel has thrown up some interesting courtroom confrontations. We've ranked the biggest of recent years here

clock 18 August 2017 • 6 min read

Reseller

Distressed-business specialist Hilco snapped up the European Technology Products Group on Friday

clock 28 March 2017 • 1 min read

Reseller

Systemax management chirpy about EMEA performance

clock 01 March 2017 • 2 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Financial and Reporting

Gartner halves global IT spending forecast as inflation 'throttles' budgets

Gartner halves global IT spending forecast as inflation 'throttles' budgets

The analyst also blames a tight labour market for the straitened spending conditions

Kelsey Rees
clock 18 January 2023 • 2 min read
Telefónica Tech joins big league as revenues soar past €1bn

Telefónica Tech joins big league as revenues soar past €1bn

Advanced technologies specialist sees year-to-date revenues leap 71 per cent to €1.02bn

Doug Woodburn
clock 07 November 2022 • 1 min read
RM's shares tank by a third as ERP rollout hits profits

RM's shares tank by a third as ERP rollout hits profits

RM’s £60m-revenue RM Technology arm still expected to grow in fiscal 2022, however

Doug Woodburn
clock 17 October 2022 • 1 min read