| Business Summary | | Roberds,
Inc.
is
a
retailer
of
a
broad
range
of
home
furnishing
products,
including
furniture,
bedding,
major
appliances,
and
high
technology
consumer
electronics.
Roberds'
merchandising
format,
combining
furniture,
bedding,
major
appliances,
and
high
technology
consumer
electronics
products
in
the
same
store,
are
an
important
aspect
of
the
Company's
operations
and
a
point
of
significant
differentiation
from
its
competitors.
The
Company's
traditional
stores
average
approximately
60,000
square
feet
in
size.
These
larger
stores
allow
the
Company
to
attractively
display
a
wide
selection
of
products
and
allow
flexibility
in
expanding
and
contracting
merchandise
categories
to
meet
changing
consumer
tastes
and
to
introduce
new
products.
Roberds'
stores
are
organized
into
specialized
departments,
each
offering
a
wide
selection
of
merchandise. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Roberds,
Inc.
is
a
retailer
of
a
broad
range
of
home
furnishing
products,
including
furniture,
bedding,
major
appliances
and
high
technology
consumer
electronics.
For
the
fiscal
year
ended
12/31/99,
revenues
fell
10%
to
$287
million.
Net
loss
fell
13%
to
$14
million.
Revenues
reflect
lower
sales
for
all
stores,
a
boycott
at
the
Company's
largest
store
in
the
Ohio
region
and
an
unsuccessful
promotion.
Lower
loss
reflects
no
income
tax
expense
recognized
during
the
period. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Donald Wright, 63 Chairman | -- | Melvin Baskin, 56 Pres,
CEO, Director | $400K | James Robeson, 63 Vice
Chairman | -- | Gearry Davenport, 45 CFO | -- | Billy Benton, 48 Exec.
VP- Gen. Merchandise Mang. | 254K | Dollar amounts are as of 31-Dec-1999 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
|
|