*NEWS*2ND Q. LOSS FOR OFFICEMAX

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*NEWS*2ND Q. LOSS FOR OFFICEMAX

 user 2005-08-04 at 11:31:00 am Views: 95
  • #12076
    2ND Q. loss for ‘Max 
    2005 – Itasca (IL): OfficeMax has reported a Q2 net loss of $21.5 million compared with net income of $51.1 million in the same quarter last year.

    Q2 sales fell to $2.091 billion from $3.401 billion a year earlier.

    Chairman and CEO Sam Duncan said: “While our contract segment showed strength, overall we are disappointed in the second quarter results, which were impacted both by the normal seasonal decline and by some weakness in our retail segment due in part to our re-merchandising initiative focused on the small business customer.”