More on OfficeMax's (OMX) Q1: The retailer again cites declines in technology sales as revenue...

|About: OfficeMax Incorporated (OMX)|By:, SA News Editor

More on OfficeMax's (OMX) Q1: The retailer again cites declines in technology sales as revenue tailed off. Same-store sale fell 5.4% during the period. Cost reductions helped the company improve gross profit margin moderately, up 20 bps to 26.0%. After sizing up April trends, OfficeMax projects Q2 sales will be lower than last year. OMX +1.5% premarket. (PR)