| Business Summary | | Guitar
Center
Inc.
is
a
musical
instruments
retailer.
The
Company
offers
products
in
five
primary
categories,
which
are
guitars,
amplifiers,
percussion
instruments,
keyboards
and
pro-audio
and
recording
equipment.
As
of
December
31,
2000,
the
Company
operated
83
stores,
consisting
of
79
stores
in
42
major
United
States
markets,
including,
among
others,
areas
in
or
near
Los
Angeles,
San
Francisco,
Chicago,
Miami,
Houston,
Dallas,
Detroit,
Boston,
Minneapolis,
Seattle,
Phoenix,
Atlanta,
New
York
and
Cleveland,
and
four
stores
in
secondary
markets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Guitar
Center,
Inc.
operates
a
chain
of
retail
stores
which
sell
musical
instruments
primarily
guitars,
keyboard,
percussion
and
pro-audio
equipment.
For
the
six
months
ended
6/30/01,
net
sales
rose
20%
to
$426.5
million.
Net
income
rose
11%
to
$9.1
million.
Revenues
reflect
an
increase
in
the
comparable
store
sales.
Earnings
were
partially
offset
by
an
impact
on
the
aggressive
pricing
on
certain
inventory
items
and
higher
pre-opening
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Larry Thomas, 51 Chairman,
Co-CEO | $1.0M | -- | Marty Albertson, 47 Pres,
Co-CEO, Director | 1.0M | -- | Robert Eastman, 42 CEO,
Musician's Friend, Inc. | -- | -- | Bruce Ross, 52 Exec.
VP, CFO, Sec. | 378K | $80K | Mark Laughlin, 41 Exec.
VP, CIO | -- | -- | Dollar
amounts are as of 31-Dec-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
|
|