| Business Summary | | Tops
Appliance
City,
Inc.
is
one
of
the
leading
retailers
of
home
appliances
and
consumer
electronics,
serving
a
customer
base
within
the
Greater
New
York
Metropolitan
Area.
The
Company
operates
nine
retail
megastores
in
heavily
populated
locations
within
New
Jersey
and
New
York.
The
Company
also
operates
a
commercial
division,
selling
to
small
independent
retailers,
builders
and
landlords,
corporate
buying
groups,
major
corporations
and
municipalities.
Additionally,
Tops
offers
a
full
selection
of
its
products
and
services
over
the
Internet.
The
Company's
primary
products
include
major
appliances,
such
as
refrigerators,
washers
and
dryers,
electronics
including
televisions,
VCRs,
DVDs,
camcorders,
room
air
conditioners,
personal
electronics,
home
and
car
audio
equipment,
home
office
products,
small
electronic
appliances,
and
other
related
products
such
as
vacuum
cleaners,
seasonal
goods,
housewares,
related
accessories
and
extended
service
plans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Tops
Appliance
City,
Inc.
is
a
retailer
of
major
household
appliances,
audio/video
electronic
goods
and
home
office
products,
with
nine
stores
in
New
Jersey
and
New
York.
TOPSQ
also
has
a
commercial
division
which
sells
to
small
retailers
and
others.
For
the
nine
months
ended
9/28/99,
net
sales
rose
2%
to
$214.6
million.
Net
loss
before
extraordinary
item
rose
from
$2.3
million
to
$5.7
million.
Results
reflect
improved
air
conditioner
sales,
offset
by
increased
operating
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| Robert Gross, 41 Chairman
of Directors | -- | Richard Jones, 49 Co-Chaiman
and CEO | $312K | Douglas Teitelbaum, 33 Co-Chairman | -- | Thomas Zambelli, 48 Exec.
Vice Pres and Chief Financial Officer, Director | 241K | Michael Straub VP
of Stores | 164K | Dollar amounts are as of 29-Dec-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|