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  September 5, 2001
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Home > Company Index > Specialty Retail > Music, Video, Book & Entertainment Software Retailing & Distribution > Video Update, Inc.

Video Update, Inc.
OTC: VUPDA
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 NEWS FROM THE STANDARD
A Boffo Comeback
Jun 11 2001 12:00 AM PDT

 PROFILE
From silver screen classics to fresh box office hits, Video Update covers Hollywood. A leading video retailer, the company runs more than 350 stores throughout the US and Canada; most are company-owned and the rest are franchised. Its stores offer rentals of videocassettes, VCRs, video games, DVDs, and game consoles. Video Update also sells candy, blank videos, and used videos and video games. The company has grown through acquisitions, but it has struggled to digest the Moovies chain (closing nearly a third of its 240 stores). Video Update entered Chapter 11 bankruptcy in September 2000 and started selling stores to pay down debt.

 COMPETITION
Blockbuster Inc. (BBI)
Hollywood Entertainment Corporation (HLYW)
Movie Gallery, Inc. (MOVI)

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: April
2000 Sales (mil.): 221.00
1-Yr. Sales Growth: (13.0)%
Employees: 5,274
Revenue per employee: $41,903.68

 KEY PEOPLE
• James A. Skelton
    CEO
• Jack Spencer
    CFO

 CONTACT INFO
287 6th St. East
St. Paul, MN 55101
US
Phone: 651-312-2222
Fax: 651-312-2666
Online: Web Site

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