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  September 5, 2001
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Home > Company Index > Specialty Retail > Toy & Hobby Retailing > MJDesigns, LP.

MJDesigns, LP.
 PROFILE
MJDesigns has scrapped its growth model and is working on a smaller project. Mike Dupey (who also founded Michaels Stores, now a chief rival) and Mike Nuzum founded Dupey Management, renamed MJDesigns in 1988. The hobby chain filed for bankruptcy in 1999 with about 45 stores when it couldn't meet its debt obligations. After selling most of its assets, Cardinal Investments and company employees bought MJDesigns, and reopened eight stores in the Dallas/Ft. Worth area. It also opened two new stores in that area.The stores sell art, craft, and hobby materials and offers classes and a paint-your-own-pottery program. (Patrons decorate their selected earthenware and turn it over to be glazed and fired in company kilns.)

 COMPETITION
Hobby Lobby Stores, Inc. (dossier)
Michaels Stores, Inc. (MIKE)
Wal-Mart Stores, Inc. (WMT)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
1999 Sales (mil.): 40.00
1-Yr. Sales Growth: (83.5)%
Employees: 600
Revenue per employee: $66,666.67

 KEY PEOPLE
• David H. Eisenberg
    CEO
• Mike Best
    CFO

 CONTACT INFO
1250 William D. Tate Ave.
Grapevine, TX 76051
US
Phone: 817-329-3196
Fax: 817-251-0834
Online: Web Site

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