| Business Summary | | U.S.
Vision,
Inc.
is
a
retailer
of
optical
products
and
services
through
retail
optical
departments
licensed
to
operate
within
national
and
regional
department
stores
and
through
a
limited
number
of
freestanding
retail
locations.
As
of
January
31,
2001,
the
Company
operated
629
locations
in
47
states
and
Canada,
consisting
of
596
licensed
departments
and
33
freestanding
stores.
The
Company
currently
operates
420
retail
optical
departments
in
J.C.
Penney's
and
is
their
primary
optical
licensee.
In
addition,
the
Company
operates
66
Sears
retail
optical
departments
and
110
retail
optical
departments
in
regional
department
stores.
The
Company's
freestanding
stores
are
located
in
malls
and
shopping
centers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | U.S.
Vision
is
a
retailer
of
optical
products
and
services
through
licensed
retail
optical
departments
located
in
national
and
regional
department
stores.
For
the
three
months
ended
4/30/01,
net
sales
decreased
12%
to
$36.8
million.
Net
income
decreased
37%
to
$1.5
million.
Revenues
reflect
the
closure
of
unprofitable
stores
and
lower
comparable-store
sales.
Earnings
also
reflect
higher
operating
expenses
as
a
percentage
of
sales
and
interest
expense. Recent Earnings Announcement For
the
3
months
ended
07/31/2001,
revenues
were
33,471;
after
tax
earnings
were
-193. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Schwartz, Jr., 59 Pres,
CEO and Chairman | $297K | George McHenry, Jr., 48 CFO,
Exec. VP, Sec. | 176K | George Gorman, 49 Pres-Retail | 186K | Gayle Schmidt, 48 COO,
Exec. VP | 185K | Dollar amounts are as of 31-Jan-2001 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
|
|