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

West Coast Entertainment Corporation
OTC: WCECE
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 NEWS FROM THE STANDARD
Posts
Sep 28 1998 12:00 AM PDT

 PROFILE
Once the world's #1 video chain, West Coast Entertainment owned and franchised more than 400 stores in the Northeast and Midwest US. It also operated a handful of stores in Canada, Peru, and Curacao. The stores rented and sold videos, video games, and DVDs. Suffering under heavy debt, the company agreed to be bought by rival Video City in 1999. However, that deal was halted when Video City entered Chapter 11 bankruptcy. Following the failed buyout, West Coast (which had already been selling stores) sold its last batch of stores (56) to Phoenix Restructuring Group in February 2001; some stores retained the West Coast moniker. The next month West Coast filed for Chapter 7 bankruptcy and liquidated its remaining assets.

 COMPETITION
Amazon.com, Inc. (AMZN)
Blockbuster Inc. (BBI)
Hollywood Entertainment Corporation (HLYW)

 DEALS
Deal: Lycos Teams With West Coast Entertainment
Date Announced: 05.19.99
Value of transaction (US $Mil): 0
Description: Web community and video store enter joint marketing agreement.

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: January
2000 Sales (mil.): 104.40
1-Yr. Sales Growth: (13.1)%
Employees: 2,277
Revenue per employee: $45,849.80

 KEY PEOPLE
• Herbert Kozlov
    CEO
• Joseph M. Ciano
    CFO

 CONTACT INFO
9998 Global Rd., 2nd Fl.
Philadelphia, PA 19047
US
Phone: 215-856-2560
Fax: 215-856-2595
Online: Web Site

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