Retail Sector

Technology Retail Industry  

Data by Company within Technology Retail Industry

  Marketcap Revenues (TTM) Net Income (TTM) Employees
Company (Millions) (Millions) (Millions) Number
Td Synnex Corporation $ 9,178 $ 59,396 $ 661 22,000
Gamestop Corp $ 4,995 $ 5,706 $ -8 18,000
Eplus Inc $ 1,793 $ 2,277 $ 135 -
Scansource Inc $ 904 $ 3,719 $ 81 3,000
Climb Global Solutions inc $ 225 $ 334 $ 12 -
Crown Equity Holdings Inc $ 5 $ 0 $ 0 -
Sentient Brands Holdings Inc - $ 0 $ 0 -
Technology Retail Industry $ 17,100 $ 71,432 $ 880 43,000
  Recent News from Technology Retail Industry
Gamestop Corp

Gamestop Corp Sees Sharp Deterioration in Revenue, with a -9.112% Decrease During the Latest Fiscal Period

Gamestop Corp Faces Revenue Decline and Increased Losses
In the financial span ending October 28, 2023, Gamestop Corp experienced a decline in revenue and an increase in losses. The company reported a loss of $-0.01 per share, compared to the preceding financial reporting period where it also reported a loss of $-0.01 per share. The revenue dropped by -9.112% to $1.08 billion, year on year, reflecting lower customer demand.
This decline in revenue and increase in losses can be attributed to various factors. One of the main reasons is the lower demand for Gamestop products. The company operates in a highly competitive market where consumer preferences constantly change. The decrease in demand indicates that customers are shifting towards other gaming platforms or purchasing games online.


Climb Channel Solutions and GFI Software Forge Partnership to Fuel Revenue Growth and Market Dominance

In a strategic move aimed at expanding their GSA IT-70 Contract, Climb Channel Solutions has announced the addition of leading software company GFI Software to their portfolio of partners. This collaboration marks a significant milestone for both companies, as they join forces to provide cutting-edge security, collaboration, and network management solutions to an increasingly competitive market.
Climb Global Solutions Inc's Revenue Growth:
Amidst this exciting development, Climb Global Solutions Inc has reported a remarkable revenue increase of 2.64% year on year, showcasing its success in delivering top-notch technology solutions to a diverse clientele. While there was a sequential revenue fall of -4.19%, indicating temporary market fluctuations, Climb Global Solutions Inc has remained resilient and continues to position itself as an industry leader in specialty technology distribution.

Management Changes

TD SYNNEX Maximizes Profit Potential and Investor Appeal through Strategic Leadership Appointments and Successful Secondary Offering

In a recent press release, TD SYNNEX Corporation, a leading technology distribution and solutions company, made two significant announcements that are poised to impact its future profitability and investor interest. Firstly, the appointment of Patrick Zammit as Chief Operating Officer signifies a significant strategic move aimed at strengthening the company's leadership and operational capabilities. Secondly, TD SYNNEX's successful pricing of its secondary public offering of common stock, accompanied by the participation of entities associated with Apollo Global Management, Inc., sets the stage for increased liquidity and potential investor attraction. This article explores the implications of these developments on TD SYNNEX's stock performance and analyzes their potential impact on the company's prospects.
Appointment of Patrick Zammit as Chief Operating Officer:
On January 1st, TD SYNNEX announced the appointment of Patrick Zammit as its Chief Operating Officer, reporting to company CEO Rich Hume. Zammit brings a wealth of experience and expertise in the technology industry, having held leadership roles in several renowned companies. His proven track record in driving operational excellence and business growth positions him well to contribute to TD SYNNEX's strategic objectives and enhance its competitive position in the market.


Climb Channel Solutions Partners with Malwarebytes to Elevate Cybersecurity Offerings in North America, Boosting Revenue Growth in a Competitive Landscape

Climb Channel Solutions, a leading global distributor of innovative technology solutions, has announced the expansion of its partnership with cybersecurity firm Malwarebytes to North America. This strategic move allows Climb Channel Solutions resellers to benefit from Malwarebytes' award-winning endpoint security solutions, enhancing the overall security offerings for managed service providers (MSPs) and resellers in the region.
The collaboration brings Malwarebytes ThreatDown Endpoint Detection and Response (EDR) and ThreatDown Managed Detection and Response (MDR) solutions to Climb Channel Solutions' valued reseller network. With these advanced security solutions, Climb Channel Solutions resellers can streamline their security operations, protecting their clients' endpoints against increasingly sophisticated cyber threats.

Sentient Brands Holdings Inc

Sentient Brands Holdings Inc Surprises Stock Market with Impressive Q3 Gain

As the reporting season for July to September 30, 2023, resumes, numerous companies in the Technology Retail industry have released their earnings. Among them is INTB, which has recently disclosed an operating loss of $-0.034916 million for the third quarter of the 2023 earnings season. This revelation should be viewed as a promising development, as it shows improvement compared to the operating loss of $-0.085328 million during the same period the previous year.
The operating loss reduction provides reassurance to countless investors who have shown interest in INTB. It signifies that the company has been able to mitigate some of the financial deficit it experienced in the past. This observation was particularly notable in the fiscal time frame ending in the third quarter of 2023, where the shortfall was $-0.077 million, compared to $-0.085 million in the third quarter of 2022.


Climb Channel Solutions Adds Applications Security Offerings to Solutions Stack, Achieves Steady Growth Amidst Fierce Competition

Climb Channel Solutions, a leading distributor, is expanding its solutions stack by adding applications security offerings. This strategic move aims to enhance the company's product portfolio, strengthen its market position, and provide advanced security solutions to its customers.
In the highly competitive landscape of technology distribution, Climb Channel Solutions has demonstrated resilience and strategic foresight. Despite intense market rivalry, the company has reported a promising revenue increase of 2.64% year on year in the third quarter of 2023. While this growth rate was slightly below the industry average, it showcases Climb Channel Solutions' ability to withstand market pressures and adapt to changing customer demands.

Product Service News

TD SYNNEX Revolutionizes Customer Experience with Partner-Driven Features on CommunitySolv Platform

TD SYNNEX Enhances CommunitySolv Platform with Partner-Driven Features to Revolutionize Customer Experience
TD SYNNEX, a leading distributor of technology products and solutions, has unveiled groundbreaking updates to its CommunitySolv platform during its annual customer event. This move aims to empower partners and revolutionize the customer experience, further solidifying TD SYNNEX's position as an industry frontrunner.
The announcement came as no surprise to industry experts, who have long recognized TD SYNNEX's commitment to innovation and driving technology forward. By combining partner-driven features with its highly acclaimed CommunitySolv platform, TD SYNNEX seeks to provide an unmatched value proposition to its customers.

Crown Equity Holdings Inc

Revamped Revenue Performance: Crown Equity Holdings Inc Surpasses Expectations with $0 Million in Revenue for July-September 2023 Period

Crown Equity Holdings Inc (CRWE) is a company that has recently reported its financial results for the July to September 2023 period. In this period, CRWE recorded zero gain of $0.00 per share, which was the same as the previous year and the preceding reporting season. This means that the company did not experience any growth in earnings per share during this quarter.
Furthermore, the revenue for CRWE remained unchanged at $0.00 million compared to the same period in the previous year, as well as sequentially. This indicates that the company's revenue has stagnated and has not shown any growth over the past year.

Scansource Inc

Sharp Decline in EPS Linked to Poor Performance of Scansource Inc Amidst Weak Business Environment in July to September 2023

Scansource Inc, a leading hybrid distributor connecting devices to the cloud, has seen a decline in its shares over the last five trading days. The shares went down by -6.24%, bringing the year to date performance to 1.86%. However, it is worth noting that the shares still trade 15% above its 52-week low.
The drop in the company's shares can be attributed to its financial performance in the third quarter of 2023. In that period, Scansource Inc experienced a decrease in its earnings per share (EPS) by -35.11% to $0.61 per share. This decline can be attributed to a decrease in revenue of -7.205% to $875.51 million.

Eplus Inc

Eplus Inc's Revenue Skyrockets by 19% in Q2 2024, Bucking the Trend in the Tech Retail Sector

Double digits Revenue growth of 19.02% to $587.61 million has led to a modest bottom-line growth of 14.02% to $1.22 per share for Eplus Inc in the second quarter of 2024. This positive performance is in contrast to many other corporations in the Technology Retail sector, who are currently facing challenges such as declining transactions and revenue.
During the second quarter of 2024, Eplus Inc focused on improving sales, resulting in a net income of $32.664 million, a 14.74% increase from the second quarter of the previous year, which reported net earnings of $28.469 million. Despite this growth, the company's net margin eased to 5.56%.
One key indicator of future demand is the level of inventories held by a company. In the case of Eplus Inc, inventories have declined to $222.1 million compared to the previous quarter and the same period the previous year. This suggests that the company has been successfully managing its inventory levels in line with market demands.


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