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Home > Company Index > Specialty Retail > Music, Video, Book & Entertainment Software Retailing & Distribution > Crown Books Corporation

Crown Books Corporation
 NEWS FROM THE STANDARD
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 PROFILE
Success has been purely fictional recently at Crown Books, which operates 90 discount Crown Books and Super Crown Books stores in the Chicago, Los Angeles, San Diego, San Francisco, and Washington, DC, areas. Its stores offer books, newspapers and magazines, greeting cards, wrapping paper, and other items such as reading glasses and bookmarks. The company's crown has been tarnished by competition from Borders Group, Barnes & Noble, and Amazon.com. Crown Books emerged from Chapter 11 bankruptcy protection in late 1999, after closing about 80 locations; it reentered Chapter 11 in early 2001. Creditors now own Crown Books, which was founded in 1977; Shenkman Capital Management owns about one-third of the company.

 FINANCIAL OVERVIEW
Fiscal Year-End: January
2000 Sales (mil.): 184.40
1-Yr. Sales Growth: (14.9)%
Employees: 1,766
Revenue per employee: $104,416.76

 KEY PEOPLE
• Charles R. Cumello
    CEO
• Dennis Buckley
    CFO

 CONTACT INFO
1601 McCormick Dr.
Largo, MD 20774
US
Phone: 301-955-1300
Fax: 301-955-1302
Online: Web Site

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