| Business Summary | | Friedman's
Inc.
is
a
specialty
retailer
of
fine
jewelry
and,
as
of
the
2000
Christmas
season,
operated
634
stores
in
21
states
primarily
in
the
southeastern
United
States.
The
Company
offers
competitive
prices,
a
broad
merchandise
selection
and
a
high
level
of
customer
service
that
appeals
to
its
target
market
of
low-
to
middle-income
consumers
aged
18
to
45
years
old.
The
Company's
real
estate
expansion
strategy
focuses
primarily
on
opening
new
stores
in
power
strip
centers
in
small
cities
and
towns.
Each
Friedman's
store
offers
a
wide
variety
of
affordable
jewelry
products,
including
diamonds,
gemstones,
rings,
gold
jewelry
and
chains,
watches
and
other
fine
jewelry. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Friedman's
Inc.
is
a
specialty
retailer
of
fine
jewelry,
operating
635
stores
in
21
states,
which
are
located
primarily
in
the
southern
U.S.
For
the
nine
months
ended
6/30/01,
total
revenues
increased
11%
to
$345.3
million.
Net
income
decreased
36%
to
$12.7
million.
Revenues
benefitted
from
the
addition
of
36
new
stores.
Earnings
were
offset
by
the
closing
or
planned
closing
of
34
stores
and
increased
advertising
expenditures. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Sterling Brinkley, 48 Chairman | $488K | Bradley Stinn, 41 Pres
and CEO | 749K | Paul Leonard, 45 Exec.
VP and CMO | 425K | Victor Suglia, 45 Sr.
VP, Sec., Treasurer and CFO | 240K | Dollar amounts are as of 30-Sep-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
|
|