| Business Summary | | Zany
Brainy
Inc.
is
a
specialty
retailer
of
toys,
games,
books
and
multimedia
products
for
kids.
It
sells
products
that
entertain,
educate
and
spark
the
imaginations
of
children
up
to
12
years
of
age.
The
Company
opened
27
new
stores
during
the
year
ended
February
3,
2001,
and,
as
of
the
end
of
the
fiscal
year
2000,
the
Company
operated
188
stores
in
34
states.
On
May
15,
2001,
the
Company
and
Children's
Products,
Inc.,
Children's
Development,
Inc.,
Noodle
Kidoodle,
Inc.,
Children's
Distribution,
LLC
and
Zany
Brainy
Direct,
LLC,
filed
voluntary
petitions
for
relief
under
Chapter
11
of
Title
11
of
the
United
States
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Zany
Brainy,
Inc.
is
a
specialty
retailer
of
high
quality
toys,
games,
books
and
multimedia
products
for
kids.
For
the
13
weeks
ended
5/5/01,
revenues
rose
4%
to
$66.2
million.
Net
loss
totalled
$19.1
million,
up
from
$7.5
million.
Results
reflect
revenues
generated
from
additional
stores
opened,
offset
by
decreased
gross
profit
margins
due
to
the
inability
to
leverage
store
occupancy
and
the
absence
of
a
tax
benefit. | More
from
Market Guide: Significant
Developments |
| Officers | | Thomas
G. Vellios,
Pres./CEO Robert
A. Helpert,
CFO/Secy./Treas. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|