| Business Summary | | Federated
Department
Stores
Inc.,
through
its
subsidiaries,
is
an
operator
of
full-line
department
stores
in
the
United
States,
with
440
department
stores
in
33
states
and
Puerto
Rico
as
of
February
3,
2001.
The
Company's
subsidiaries
operate
department
stores
under
the
names
Bloomingdale's,
The
Bon
Marché,
Burdines,
Goldsmith's,
Lazarus,
Macy's,
Rich's
and
Stern's,
and
related
direct-to-customer
mail
catalog
and
electronic
commerce
businesses
under
the
names
Bloomingdale's
By
Mail,
bloomingdales.com
and
macys.com.
These
department
stores
and
related
businesses
sell
a
wide
range
of
merchandise,
including
men's,
women's
and
children's
apparel
and
accessories,
cosmetics,
home
furnishings
and
other
consumer
goods. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Federated
Department
Stores
operates
department
stores
in
the
U.S.
under
the
names:
Bloomingdale's,
The
Bon
Marche,
Burdines,
Goldsmith's,
Lazarus,
Macy's,
Rich's
and
Stern's.
For
the
26
weeks
ended
8/4/01,
net
sales
fell
7%
to
$7.55
billion.
Net
income
rose
11%
to
$168
million.
Revenues
reflect
a
decrease
in
comparable
store
sales
due
to
high
markdowns,
escalating
energy
costs
and
electricity
shortages
in
California.
Earnings
reflect
decreased
S/G/A
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| James Zimmerman, 57 Chairman,
CEO | $3.0M | -- | Terry Lundgren, 48 Pres,
CMO | 3.9M | -- | Ronald Tysoe, 48 Director
and Vice Chairman, Fin. and Real Estate | 1.3M | -- | Thomas Cody, 59 Exec.
VP- HR and Legal | 1.1M | $528K | James Amann, 64 Exec.
VP, Strategic Initiatives | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|