| | Business Summary | | Jay
Jacobs,
Inc.
operates
a
chain
of
specialty
apparel
stores
offering
fashion
conscious
young
women
and
men
contemporary
clothing
at
reasonable
prices.
Jay
Jacobs
targets
the
18
to
34
age
group
and
features
fashionable
merchandise
for
all
lifestyles
of
its
target
customer
at
competitive
prices.
The
majority
of
the
product
offered
to
women
and
men
in
the
Company's
stores
is
merchandise
developed
by
Jay
Jacobs
and
sold
under
its
own
label.
At
January
30,
1999,
the
Company
operated
a
chain
of
120
Jay
Jacobs
stores
in
22
states.
These
stores
are
concentrated
in
the
Northwest,
Midwest
and
Southwest
and
are
located
in
regional
enclosed
shopping
malls. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Jay
Jacobs,
Inc.
operates
a
chain
of
retail
apparel
stores,
which
sell
fashion
merchandise
to
young
women
and
men
at
reasonable
prices.
For
the
nine
months
ended
10/31/98,
net
sales
increased
1%
to
$44.8
million.
Net
loss
applicable
to
Com.
before
extraordinary
item
totalled
$4.3
million,
up
from
$1.8
million.
Revenues
reflect
21
new
location
and
increased
comparable
store
sales.
Higher
loss
suffered
from
a
$895
thousand
option
compensation
charge
and
increased
personnel
costs. | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | Rex Steffey, 49 | Pres,
CEO | | William Lawrence, Jr., 48 | Exectuive
VP, CFO |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
