| Business Summary | | HomeBase,
Inc.
is
a
retail
company
which,
during
the
year
ended
January
27,
2001,
operated
89
stores
in
10
western
states.
As
of
January
27,
2001,
the
Company
had
84
HomeBase
home
improvement
stores,
which
average
over
100,000
interior
square
feet,
with
an
adjoining
nursery.
On
that
date,
the
Company
also
operated
five
House2Home
home
decorating
superstores
in
California
and
Nevada,
which
also
average
over
100,000
interior
square
feet,
with
an
adjoining
nursery
and
garden
center.
The
Company
is
currently
in
the
process
of
closing
its
HomeBase
stores
and
converting
37
of
them
into
House2Home
stores
over
the
coming
months.
The
remaining
HomeBase
stores
will
be
closed. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HBI
operates
home
improvement
warehouse
stores
in
the
western
U.S.
In
12/00,
the
Company
announced
a
change
in
its
corporate
focus
toward
the
home
decorating
retail
market.
For
the
26
weeks
ended
7/28/01,
net
sales
fell
47%
to
$411
million.
Net
loss
before
extraordinary
item
totalled
$167.3
million,
up
from
$236
thousand.
Revenues
reflect
the
increased
closings
of
HomeBase
warehouse
stores
and
conversion
to
the
House2Home
format.
Net
loss
reflects
increased
store
closure
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Herbert Zarkin, 62 Chairman,
CEO | $407K | Thomas Gallagher, 48 Pres,
COO, Director | 627K | William Langsdorf, 44 Exec.
VP, CFO | 622K | Scott Richards, 43 Exec.
VP - Merchandising | 623K | Henry Ragin, 46 Sr.
VP, Gen. Merchandising Mang. | -- | Dollar amounts are as of 27-Jan-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
|
|