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  September 5, 2001
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Home > Company Index > Specialty Retail > Music, Video, Book & Entertainment Software Retailing & Distribution > MTS, Incorporated

MTS, Incorporated
 PROFILE
It can name that tune in three letters, but it's still not the winner. MTS, the #2 US specialty retailer of music (after Musicland), owns and franchises more than 180 stores in 10 countries around the world. Its Tower stores offer a wide selection of music, books, and videos. MTS also runs WOW! stores (a joint venture with electronics retailer The Good Guys) and publishes several free music magazines. Facing stiff competition from discounters and online retailers, MTS is continuing overseas expansion (international operations -- including more than 40 stores in Japan -- account for about 40% of sales). Founder and chairman Russell Solomon, a high-school dropout, and his son and CEO Michael, own 99% of MTS.

 COMPETITION
Musicland Stores Corporation (dossier)
Trans World Entertainment Corporation (TWMC)
Virgin Group Ltd. (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: July
2000 Sales (mil.): 1,099.90
1-Yr. Sales Growth: 7.2%
Employees: 7,158
Revenue per employee: $153,660.24

 KEY PEOPLE
• Michael T. Solomon
    CEO
• DeVaughn D. Searson
    CFO

 CONTACT INFO
2500 Del Monte St.
West Sacramento, CA 95691
US
Phone: 916-373-2500
Fax: 916-373-2535
Online: Web Site

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