| Business Summary | | Gantos,
Inc.
is
a
specialty
retailer
of
women's
wear
and
accessories.
At
March
14,
2000,
the
Company
operated
114
stores
in
24
states.
The
Company's
stores
offer
a
full
range
of
current,
fashionable
merchandise
at
moderate
to
upper
moderate
prices.
Each
store
carries
an
edited
selection
of
both
private
label
and
name
brand
sportswear,
career
dresses
and
suits,
social
occasion
dresses,
accessories,
outerwear,
swimwear
and,
in
selected
stores,
shoes.
The
Company
attempts
to
stock
all
stores
with
the
same
basic
merchandise
content;
however,
certain
merchandise
is
varied
among
stores
depending
on
individual
store
or
customer
attributes.
Each
of
the
Company's
stores
is
designed
to
be
a
well-organized
and
complete
shopping
source
for
its
target
customers,
providing
merchandise
to
outfit
them
in
casual,
work
and
evening
wear,
including
accessories.
On
December
29,
1999,
Gantos
filed
a
voluntary
reorganization
petition
under
Chapter
11
of
the
U.S.
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Gantos
is
a
specialty
retailer
of
women's
apparel
and
accessories
at
moderate
to
upper
moderate
prices,
operating
115
stores
in
23
states.
For
the
39
weeks
ended
10/30/99,
net
sales
increased
1%
to
$107.3
million.
Net
loss
decreased
8%
to
$8.9
million.
Revenues
reflect
increased
same
store
sales
due
to
an
increase
in
average
sales
dollars
per
unit.
Lower
loss
also
benefitted
from
an
improved
gross
profit
margin
and
the
absence
of
a
$784
thousand
merger
termination
expense. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| Arlene Stern, 48 Pres,
CEO, Director | $503K | Thomas Villano, 47 Sr.
VP, CFO and Sec. | -- | Dennis Horstman, 53 Sr.
VP, Merchandising and Marketing | 302K | Neal Gottfried, 56 Sr.
VP, Store Operations and Visual Merchandising | 237K | Diane Abbate-Fox, 34 VP,
Gen. Merchandise Mang. | -- | Dollar amounts are as of 30-Jan-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
|
|