| Business Summary | | Salant
Corporation
designs,
produces,
imports
and
markets
to
retailers
throughout
the
United
States
brand
name
and
private
label
menswear
apparel
products.
In
fiscal
2000,
the
Company's
ongoing
business
was
primarily
comprised
of
Perry
Ellis
products.
Salant
currently
sells
its
products
to
department
and
specialty
stores.
The
Company
markets
accessories,
dress
shirts,
slacks
and
sportswear
under
the
PERRY
ELLIS
and
PORTFOLIO
BY
PERRY
ELLIS
trademarks
and
a
limited
amount
of
private
label
products.
The
retail
outlet
stores
business
of
Salant
consists
of
a
chain
of
outlet
stores,
through
which
it
sells
products
manufactured
by
the
Company
and
other
Perry
Ellis
licensed
manufacturers.
At
the
end
of
fiscal
2000,
the
Company
operated
36
Perry
Ellis
outlet
stores. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Salant
Corporation
markets
dress
shirts,
slacks
and
sportswear
under
the
Perry
Ellis,
Portfolio
by
Perry
Ellis
and
Perry
Ellis
America
trademarks.
For
the
six
months
ended
6/30/01,
sales
fell
9%
to
$93.5
million.
Net
loss
totaled
$2.1
million
vs.
an
income
of
$4.3
million.
Revenues
reflect
a
difficult
and
weak
retail
enviornment.
Net
loss
reflects
lower
achieved
margins,
lower
margins
on
closeout
inventories,
and
expenses
related
to
new
businesses
and
additional
retail
outlets. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Setola, 42 Chairman
of Directors and CEO | $1.4M | William Manzer, 48 Pres
of the Perry Ellis Menswear Division | 490K | Awadhesh Sinha, 55 COO,
Chief Financial Officer | 570K | Jerry Kwiatkowski, 39 Exec.
VP of Design | 425K | Howard Posner, 45 Exec.
VP of Sourcing | 384K | Dollar amounts are as of 30-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
|
|