| Business Summary | | Cole
National
Corporation
through
its
direct
subsidiary,
Cole
National
Group,
Inc.,
is
a
provider
of
vision
care
products
and
services,
managed
vision
care
programs
and
personalized
gifts,
with
2,813
retail
locations
in
50
states,
Canada
and
the
Caribbean.
The
Company
also
holds
an
approximately
21%
interest
in
Pearle
Europe
B.V.,
which
operates
640
retail
optical
locations
in
the
Netherlands,
Belgium,
Germany,
Austria
and
Italy.
The
Company's
vision
care
products,
services
and
programs
are
offered
through
retail
locations
by
Pearle
Vision,
Sears
Optical,
Target
Optical
and
BJ's
Optical
Department
and
through
Cole
Managed
Vision
(collectively,
Cole
Vision).
Personalized
gifts
are
offered
through
retail
locations,
e-commerce
and
catalogs
by
Things
Remembered.
Cole
Vision
contributed
74%
of
the
Company's
net
revenue
in
fiscal
2000,
with
2,029
Company-owned
and
franchised
retail
locations
throughout
the
United
States,
Canada
and
the
Caribbean,
as
of
February
3,
2001. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Cole
National
Corporation,
through
its
subsidiaries,
provides
eyewear
products,
optometric
services
and
personalized
gifts
through
two
units:
Cole
Vision
and
Things
Remembered.
For
the
26
weeks
ended
8/4/01,
revenues
rose
4%
to
$543.6
million.
Net
income
totalled
$2.1
million
vs.
a
loss
of
$904
thousand.
Revenues
reflect
increased
comparable
store
sales
in
the
Company's
vision
segment.
Earning
reflect
improved
gross
margins
and
the
absence
of
a
severance
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Jeffrey Cole, 59 Chairman,
CEO | $1.1M | Larry Pollock, 54 Pres,
COO, Director | 185K | Thomas Kaung, 63 CFO,
Exec. VP | 395K | William Lahiff, Jr., 47 Sr.
VP, Controller, Assistant Sec. | -- | Leslie Dunn, 56 Sr.
VP - Bus. Devel., Gen. Counsel and Sec. | 350K | Dollar
amounts are as of 3-Feb-2001 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
|
|