| Business Summary | | Circuit
City
Group
operates
the
Circuit
City
and
CarMax
retail
stores.
Circuit
City
is
engaged
in
the
business
of
selling
brand-name
consumer
electronics,
personal
computers
and
entertainment
software.
CarMax
is
a
specialty
retailer
of
used
cars.
With
597
Circuit
City
Superstores
and
32
mall-based
Circuit
City
Express
stores
as
of
August
2001,
Circuit
City
operates
more
consumer
electronics
specialty
superstores
in
more
markets
than
any
other
retailer.
With
headquarters
in
Richmond,
Virginia,
CarMax,
as
of
August
2001,
operates
40
retail
units
in
37
locations,
including
33
used-car
superstores.
CarMax
also
operates
21
new-car
franchises,
most
of
which
are
integrated
or
co-located
with
its
used-car
superstores. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Circuit
City
Group
is
a
national
retailer
of
brand-name
consumer
electronics,
personal
computers,
major
appliances
and
entertainment
software.
For
the
three
months
ended
5/31/01,
revenues
fell
23%
to
$1.88
billion.
Net
income
declined
82%
to
$10.1
million.
Revenues
reflect
the
Company's
decision
to
cease
sales
of
major
appliances
and
lower
demand
for
personal
computers.
Net
income
suffered
from
a
higher
S/G/A
expense
ratio
due
to
the
reduced
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Richard Sharp, 53 Chairman
and CEO | $2.5M | $24.0M | W. Alan McCollough, 50 Pres,
COO, Director | 1.5M | 5.5M | Alan Wurtzel, 66 Vice
Chairman | -- | -- | Michael Chalifoux, 53 Exec.
VP, CFO, Corp. Sec. | 1.2M | 2.7M | Richard Birnbaum, 47 Exec.
VP- Operations | 1.2M | 7.2M | Dollar
amounts are as of 29-Feb-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|