| Business Summary | | Phar-Mor,
Inc.
operates
a
chain
of
discount
retail
drugstores
devoted
to
the
sale
of
prescription
and
over-the-counter
drugs,
health
and
beauty
care
products,
baby
products,
pet
supplies,
cosmetics,
greeting
cards,
groceries,
beer,
wine,
tobacco,
soft
drinks,
video
rental,
seasonal
and
other
general
merchandise.
As
of
July
1,
2000,
the
Company
operated
139
stores
in
24
states
under
the
names
of
Phar-Mor,
Rx
Place
and
Pharmhouse.
Approximately
57%
of
the
Company's
stores
are
located
in
New
York,
New
Jersey,
Pennsylvania
and
Ohio,
and
approximately
22%
are
located
in
Virginia,
West
Virginia,
North
Carolina
and
South
Carolina. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Phar-Mor,
Inc.
operates
a
chain
of
discount
retail
drugstores
devoted
to
the
sale
of
prescription
and
over-the-counter
drugs,
health
and
beauty
care
products,
video
rental
and
other
general
merchandise.
For
the
39
weeks
ended
3/31/01,
sales
fell
3%
to
$950.7
million.
Net
loss
before
extraordinary
item
totalled
$24
million,
vs.
an
income
of
$1.4
million.
Results
reflect
lower
comparable
store
``front-end''
sales,
a
lower
margin
sales
mix
and
higher
investment
losses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Abbey Butler, 63 Co-Chairman
and Co-CEO | $749K | Melvyn Estrin, 58 Co-Chairman
and Co-CEO | 810K | M. David Schwartz, 55 Pres
and COO | 953K | Martin Seekely CFO,
VP | -- | Warren Jeffery, 51 Exec.
VP of Merchandising, Marketing and Logistics | 371K | 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
|
|