| Business Summary | | Pillowtex
Corporation
is
a
North
American
designer,
manufacturer
and
marketer
of
home
textile
products.
Pillowtex's
product
offerings
include
a
full
line
of
utility
and
fashion
bedding
and
complementary
bedroom
textile
products,
as
well
as
a
full
line
of
bathroom
and
kitchen
textile
products.
Pillowtex
sells
its
products
to
mass
merchants,
department
stores
and
specialty
retailers.
Pillowtex
also
markets
its
products
to
wholesale
clubs,
catalog
merchants,
institutional
distributors,
international
customers
and
on
the
Internet.
In
November
2000,
Pillowtex
Corporation
and
substantially
all
of
its
domestic
subsidiaries
(collectively,
Debtors),
including
Fieldcrest
Cannon,
Inc.
(Fieldcrest
Cannon),
filed
voluntary
petitions
for
reorganization
under
chapter
11
of
the
United
States
Bankruptcy
Code
in
the
United
States
Bankruptcy
Court
for
the
District
of
Delaware. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pillowtex
manufactures
and
markets
bed
pillows,
sheets,
blankets,
mattress
pads,
down
comforters,
towels,
bath
rugs,
and
other
home
textile
products.
For
the
three
months
ended
3/31/01,
net
sales
fell
16%
to
$289.8
million.
Net
loss
applicable
to
Common
totaled
$51.9
million,
up
from
$11.7
million.
Revenues
reflect
a
decline
in
sales
volume
due
to
softening
in
demand.
Net
loss
also
reflects
the
inclusion
of
a
$7.6
million
reorganization
charge
and
a
$2
million
restructuring
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Ralph La Rovere, 64 Chairman | -- | Michael Harmon CFO | -- | Anthony Williams COO | -- | Scott Shimizu, 46 Exec.
VP of Sales and Marketing, Director | $441K | John Macaulay, 56 Sr.
VP of Fin. | -- | Dollar amounts are as of 1-Jan-2000 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
|
|