The Wiz Reports Losses
The Wiz had a fourth-quarter operating loss of $21.2 million on sales of $77.1 million, vs. loss of $21 million and sales of $115.6 million in fourth-quarter 2001. The electronics/music chain's operating loss for all of 2002 was $86 million, vs. loss of $65.1 million in 2001.
Sales
for 2002 fell 21% to $293 million.
Parent Cablevision Systems Corp. said Monday it will close or sell all 17 Wiz stores by June 30 (Bulletin, Feb. 11).
Sales
Parent Cablevision Systems Corp. said Monday it will close or sell all 17 Wiz stores by June 30 (Bulletin, Feb. 11).
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