| Business Summary | | Party
City
Corporation
operates
retail
party
supplies
stores
within
the
continental
United
States
and
sells
franchises
on
an
individual
store
and
area
franchise
basis
throughout
the
United
States,
Puerto
Rico,
Spain,
Portugal
and
Canada
through
its
network
of
451
discount
stores.
The
Company's
stores
generally
range
in
size
from
10,000
square
feet
to
12,000
square
feet.
These
stores
offer
a
broad
selection
of
merchandise
(brand
name
as
well
as
private-label)
for
a
wide
variety
of
celebratory
occasions,
including
birthday
parties,
weddings
and
baby
showers,
as
well
as
seasonal
events
such
as
Halloween,
Christmas,
New
Year's
Eve,
Graduation,
Easter,
Valentine's
Day,
Thanksgiving,
St.
Patrick's
Day,
the
Super
Bowl
and
the
Fourth
of
July. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Party
City
Corporation
operates
retail
party
goods
stores
within
the
continental
United
States
and
sells
franchises
on
an
individual
store
and
area
franchise
basis.
The
Company
operates
215
Company-owned
and
178
franchise
locations.
For
the
nine
months
ended
3/31/01,
revenues
rose
9%
to
$301
million.
Net
income
totaled
$8
million,
up
from
$355
thousand.
Results
benefitted
from
an
increase
in
same
store
sales
and
a
higher
gross
profit
due
to
improved
buying
practices. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
94,921;
after
tax
earnings
were
1,928. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ralph Dillon, 60 Non-Exec.
Chairman | -- | James Shea, 55 CEO | $197K | Andrew Bailen, 44 Exec.
VP of Merchandising/ Marketing | -- | Thomas Larson, 53 Sr.
VP and CFO | 382K | Joseph Zepf VP, Gen. Counsel, Assistant Sec. | -- | Dollar
amounts are as of 1-July-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
|
|