| Business Summary | | Jo-Ann
Stores
Inc.
is
a
national
retailer
that
markets
apparel,
crafts
and
other
materials
for
creative
endeavors.
As
of
February
3,
2001,
the
Company
operated
949
Jo-Ann
Fabrics
and
Crafts
traditional
stores
in
49
states
and
58
Jo-Ann
etc
superstores
in
16
states.
The
Company's
traditional
stores
primarily
serve
small
and
middle
markets,
and
its
superstores
serve
selected
markets
where
traditional
store
performance
and
area
demographics
are
favorable.
Each
of
the
Company's
stores
offers
a
broad
selection
of
softlines,
which
include
apparel,
craft
and
home
decorating
fabrics
and
notions,
and
hardlines,
including
craft,
seasonal,
and
home
accessories
and
floral
and
framing
merchandise.
During
fiscal
2001,
48%
of
superstore
net
sales
were
derived
from
softlines
and
52%
from
hardlines. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Jo-Ann
Stores
is
a
specialty
retailer
serving
the
fabric
and
craft
industries.
JAS.A
features
a
broad
line
of
apparel,
craft
and
home
decorating
fabrics,
notions,
crafts,
seasonal
and
home
accessories
and
floral
and
framing
products.
For
the
26
weeks
ended
8/4/01,
net
sales
rose
6%
to
$659.1
million.
Net
loss
before
extraordinary
item
rose
from
$7
million
to
$21.9
million.
Results
reflect
higher
same
store
sales,
offset
by
lower
gross
margins
and
higher
SGA,
depreciation
and
interest
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2001 Pay | |
| Alan Rosskamm, 51 Chairman,
Pres and CEO | $560K | Brian Carney, 40 CFO,
Exec. VP | 332K | Debra Walker, 44 Exec.
VP of Marketing and E-Commerce, Director | 543K | Rosalind Thompson, 51 Exec.
VP of HR | 261K | David Bolen, 49 Exec.
VP, Merchandising | 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
|
|