| Business Summary | | Service
Merchandise
Company,
Inc.
is
a
jewelry
retailer
and
offers
a
selection
of
brand-name
home
goods
and
other
product
lines
in
it
the
218
stores
in
31
states,
which
it
owned
at
December
31,
2000.
During
the
year
ended
December
31,
2000,
the
Company
repositioned
its
product
offerings
and
exited
certain
home
good
categories,
including
sports
and
fitness,
toys
and
electronics
to
focus
on
value
pricing
and
a
broad
selection
of
jewelry
and
home
goods
merchandise.
Product
offerings
are
marketed
to
customers
primarily
through
direct
mail
flyers,
newspaper
inserts,
radio
and
television
advertising.
The
customers
may
purchase
products
through
the
stores,
mail
order,
and
telephone
order
or
via
the
Company's
Internet
Website,
www.servicemerchandise.com. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Service
Merchandise
with
218
stores
in
31
states
is
a
retailer
of
jewelry
and
offers
a
wide
selection
of
brand-name
home
goods
and
other
product
lines.
For
the
26
weeks
ended
7/1/01,
net
sales
fell
40%
to
$457.7
million.
Net
loss
fell
30%
to
$81.3
million.
Revenues
reflect
increased
restructuring
and
remerchandising
activities
in
fiscal
2000
and
a
weak
economic
environment.
Lower
loss
reflects
store
closures,
corporate
downsizing
and
overhead
reduction
efforts. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| S. Cusano, 47 Chairman,
CEO | $1.1M | Jane Gilmartin Pres
and CMO | -- | Michael Hogrefe, 40 CFO,
Sr. VP | -- | Jerry Foreman, 46 Sr.
VP of Merchandising | 780K | Eric Kovats, 46 Sr.
VP, Stores | 608K | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|