| Business Summary | | Whitehall
Jewellers,
Inc.
is
a
national
specialty
retailer
of
fine
jewelry
offering
an
in-depth
selection
in
the
following
key
categories:
diamond,
gold,
precious
and
semi-precious
jewelry.
The
Company's
target
customers
are
middle
to
upper-middle
income
women
over
25
years
old.
The
Company
operates
361
mall-based
stores
in
37
states
under
the
established
brand
names
of
Whitehall
Co.
Jewellers
(298
stores),
Lundstrom
Jewelers
(61)
and
Marks
Bros.
Jewelers
(2).
The
Company
seeks
to
provide
a
deep
assortment
of
items
across
a
broad
range
of
price
points
in
its
key
product
categories:
diamonds
(such
as
diamond
jewelry,
diamond
solitaires
and
bridal),
gold,
and
precious
and
semi-precious
jewelry.
Unlike
many
of
its
competitors,
the
Company
carries
only
a
limited
selection
of
watches
and
virtually
no
costume
jewelry
or
gift
merchandise. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Whitehall
Jewellers
is
a
national
specialty
retailer
of
fine
jewelry,
operating
361
stores
in
37
states,
as
of
4/01.
The
Company
also
operates
under
the
names
Whitehall
Co.
Jewellers
and
Lundstrom
Jewelers.
For
the
six
months
ended
7/31/01,
revenues
fell
4%
to
$143.3
million.
Net
loss
before
acctg.
change
totaled
$2.3
million,
vs.
a
net
income
of
$2.2
million.
Revenues
reflect
weak
retail
sales
and
the
slowing
economy.
Net
loss
also
reflects
higher
selling,
general
and
administrative
cost. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Hugh Patinkin, 50 Pres,
CEO and Chairman | $500K | -- | Jon Browne, 46 Exec.
VP, CFO, Treasurer | -- | -- | Matthew Patinkin, 43 Exec.
VP - Store Operations | 319K | -- | John Desjardins, 50 Exec.
VP, Sec., Director | 362K | -- | Manny Brown, 46 Exec.VP-
Store Operations | 294K | $310K | Dollar
amounts are as of 31-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|