PROFILE |
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Money might not grow on trees, but FNC Holdings knows it needs a way to make some green. Its Frank's Nursery & Crafts subsidiary has about 220 lawn and garden stores in 15 states, mostly in the Midwest and Northeast, but also in Florida. In addition to plants and trees, Frank's sells brand-name and private-label lawn and garden supplies and floral decorations; it has begun moving away from other lines, including crafts and pet supplies. Frank Sherr opened his first store in Detroit in the 1940s. FNC (formerly General Host) bought Frank's in 1983. The parent company itself was acquired in 1997 by The Cypress Group investment firm. Both FNC and Frank's have filed for reorganization under Chapter 11 bankruptcy.
COMPETITION |
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The Home Depot, Inc. (HD)
Lowe's Companies, Inc. (LOW)
Michaels Stores, Inc. (MIKE)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: January
2000 Sales (mil.): 487.30
1-Yr. Sales Growth: (4.8)%
Employees: 5,100
Revenue per employee: $95,549.02
KEY PEOPLE |
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Larry T. Lakin
CEO
Larry T. Lakin
CFO
CONTACT INFO |
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1175 W. Long Lake Rd.
Troy, MI 48098
US
Phone: 248-712-7000
Fax: 248-712-5112
Online: Web Site
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