| Business Summary | | Village
Supermarket
Inc.
operates
a
chain
of
22
ShopRite
supermarkets,
15
of
which
are
located
in
northern
New
Jersey,
one
of
which
is
in
northeastern
Pennsylvania
and
six
of
which
are
in
the
southern
shore
area
of
New
Jersey.
In
addition,
the
Company
operates
one
former
ShopRite
store
under
a
Village
Market
format,
which
is
expected
to
close.
The
Company
is
a
member
of
Wakefern
Food
Corporation,
a
retailer
owned
food
cooperative
and
owner
of
the
ShopRite
name.
The
Company
concentrates
on
the
development
of
superstores
which
average
58,000
total
square
feet,
compared
with
an
average
of
30,000
total
square
feet
for
conventional
supermarkets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Village
Super
Market
owns
and
operates
a
chain
of
22
ShopRite
supermarkets
in
New
Jersey
and
Pennsylvania.
The
Company
also
operates
one
store
under
a
Village
Market
format.
For
the
39
weeks
ended
4/28/01,
sales
increased
4%
to
$610
million.
Net
income
increased
4%
to
$5.9
million.
Revenues
reflect
an
increase
in
comparable
store
sales.
Net
income
also
reflects
an
increase
in
gross
margin
and
a
decrease
in
depreciation. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Sumas, 67 Chairman,
COO, Treasurer | $522K | Perry Sumas, 85 Pres,
CEO | 285K | Kevin Begley, 42 CFO | -- | John Sumas, 51 Exec.
VP | 386K | William Sumas, 53 Exec.
VP | 360K | Dollar
amounts are as of 29-July-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
|
|