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  September 5, 2001
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Home > Company Index > Specialty Retail > Music, Video, Book & Entertainment Software Retailing & Distribution > Half Price Books

Half Price Books
 PROFILE
Half Price Books tries to live up to its name and its hippie roots. The bookstore chain sells used and new books, magazines, videos, and recorded music. Only about 50 to 60% of the merchandise it sells is new. Its more than 60 stores are located in 10 states, primarily in Texas. Its wholesale catalog division, Texas Bookman, reprints classics and other public domain works. The company was started by Ken Gjemre and Pat Anderson (late mom of president and CEO Sharon Anderson Wright) in 1972 to save trees by recycling unwanted books. It keeps a small business look with secondhand and employee-made furnishings. Half Price Books grows slowly, opening a few stores a year. The Anderson family owns most of the company.

 COMPETITION
Amazon.com, Inc. (AMZN)
Barnes & Noble, Inc. (BKS)
Borders Group, Inc. (BGP)

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 80.00
1-Yr. Sales Growth: 25.0%
Employees: 1,200
Revenue per employee: $66,666.67

 KEY PEOPLE
• Sharon Anderson Wright
    CEO
• Nando Arduini
    CFO

 CONTACT INFO
5803 E. Northwest Hwy.
Dallas, TX 75231
US
Phone: 214-360-0833
Fax: 214-890-0850
Online: Web Site

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Copyright © 2001, Hoover's Inc. Austin, Texas.
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