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Home > Company Index > Retail > Consumer Electronics Retailing > Tweeter Home Entertainment Group, Inc.

Tweeter Home Entertainment Group, Inc.
Nasdaq: TWTR
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 NEWS FROM THE WIRES
Tweeter earnings rise 18 percent
Jul 19 2001 06:02 AM PDT

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 PROFILE
The hills are alive (if not shaking) with the sound of music played on equipment sold by Tweeter Home Entertainment Group. The company sells mid- to high-priced audio and video equipment in more than 90 stores. Video equipment, including TVs, VCRs, and camcorders, accounts for about 45% of sales. Other offerings include home stereo equipment, car stereos, and cellular phones. Tweeter operates several regional chains: Tweeter, etc. (New England, California, Texas); Big Screen City (California); Bryn Mawr Stereo & Video (Mid-Atlantic); and HiFi Buys (Southeast); as well as United Audio Centers and Douglas TV (Illinois). It has agreed to buy 30-store consumer electronics chain Sound Advice to increase its store count.

 COMPETITION
Best Buy Co., Inc. (BBY)
Circuit City Group (CC)
RadioShack Corporation (RSH)

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 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 404.70
1-Yr. Sales Growth: 42.9%
Employees: 2,055
Revenue per employee: $196,934.31

 KEY PEOPLE
• Jeffrey Stone
    CEO
• Joseph McGuire
    CFO

 CONTACT INFO
10 Pequot Way
Canton, MA 02021
US
Phone: 781-830-3000
Fax: 781-821-9956
Online: Web Site

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