| Business Summary | | Spartan
Stores,
Inc.
is
a
regional
food
retailer
and
distributor.
Spartan
Stores
operates
102
retail
grocery
stores
and
25
deep
discount
food/drug
combination
stores
in
Michigan
and
Ohio,
including
Ashcraft's
Markets,
Family
Fare
Supermarkets,
Food
Town,
Glen's
Markets,
Great
Day
Food
Centers,
Prevo's
and
The
Pharm
stores.
Spartan
Stores
also
operates
three
grocery
distribution
centers
in
Michigan
and
Ohio
from
which
it
supplies
a
comprehensive
selection
of
national
brand
and
private
label
grocery
and
related
products
to
more
than
350
retail
grocery
store
customers,
and
its
own
retail
stores.
In
addition
to
its
retail
food
and
grocery
distribution
businesses,
Spartan
Stores
distributes
assorted
products
to
approximately
6,600
convenience
stores
and
other
retail
locations
in
eight
states,
and
provides
real
estate
services
in
connection
with
both
its
retail
and
wholesale
business
operations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Spartan
Stores,
Inc.
distributes
grocery
and
related
products
to
customers
located
in
MI,
IL,
IN,
KY,
OH,
PA,
TN,
GA
and
WV,
including
individual
grocery
stores
and
supermarket
chains,
as
well
as
over
9,600
convenience
and
other
retail
stores.
For
the
12
weeks
ended
6/23/01,
net
sales
rose
15%
to
$832.5
million.
Net
income
from
continuing
operations
rose
53%
to
$5.6
million.
Results
reflect
the
addition
of
new
retail
stores
and
higher
gross
margins
due
to
higher
retail
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| James Meyer, 55 Chairman,
Pres, CEO | $794K | David Staples, 38 CFO,
Exec. VP | 398K | Joel Barton, 49 Exec.
VP of Sales and Marketing | 370K | John Sommavilla, 41 Exec.
VP Merchandising and Logistics | 284K | Thomas Van Hall, 45 VP-Fin. | -- | Dollar
amounts are as of 31-Mar-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
|
|