PROFILE |
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Despite operating under bankruptcy for nearly six years (or perhaps because of it), McCrory can claim to have outlived five-and-dime brethren Woolworth and Ben Franklin. The company operates about 175 discount variety stores under the names G. C. Murphy, McCrory, J. J. Newberry, and T.G.& Y. Most of McCrory's stores are located in the northeastern US; it also has stores in Arizona, California, New Mexico, Oregon, Texas, and Washington. Once 1,300 stores strong, McCrory divested more than 600 stores while under Chapter 11 bankruptcy protection. It exited bankruptcy in 1997 when HGG Acquisition, a firm controlled by financier and McCrory chairman (and main creditor) Meshulam Riklis, bought the company.
COMPETITION |
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Kmart Corporation (KM)
Target Corporation (TGT)
Wal-Mart Stores, Inc. (WMT)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: January
2000 Sales (mil.): 200.00
1-Yr. Sales Growth: 0.0%
Employees: 2,500
Revenue per employee: $80,000.00
KEY PEOPLE |
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Ted Watkins
CEO
Paul Weiner
CFO
CONTACT INFO |
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12 W. Market St.
York, PA 17405
US
Phone: 717-757-8181
Fax: 717-699-4099
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