Tweeter Group Reports Record Sales for 4th Quarter
The ultra-High End may be stagnant in some areas, but the rebound in mainstream consumer electronics is visible everywhere. Canton, Massachusetts-based <A HREF="http://www.twtr.com/">Tweeter Home Entertainment Group</A> has announced record results for the quarter ended September 30, 1999: an increase of 39.5%, or $74.6 million compared to $53.5 million in the same period last year. The results are similar to those <A HREF="http://www.stereophile.com/news/10546/">posted recently</A> by nationwide electronics chain Best Buy, which also had a record quarter. Tweeter's comparable store sales increased 5.2%, not counting results from the recently acquired Home Entertainment and DOW Stereo/Video chains.