| Business Summary | | OfficeMax,
Inc.
operates
a
chain
of
high-volume,
deep-discount
office
products
superstores.
As
of
January
27,
2001,
OfficeMax
owned
and
operated
995
superstores
in
49
states,
Puerto
Rico
and
the
United
States
Virgin
Islands.
In
addition
to
offering
office
products,
business
machines
and
related
items,
OfficeMax
superstores
also
feature
CopyMax
and
FurnitureMax,
in-store
modules
devoted
exclusively
to
print-for-pay
services
and
office
furniture.
Additionally,
the
Company
reaches
customers
with
over
20,000
items
through
its
e-commerce
site,
OfficeMax.com,
its
direct-mail
catalogs
and
its
outside
sales
force,
all
of
which
are
serviced
by
its
19
delivery
centers
and
two
national
call/customer
contact
centers.
Through
joint
venture
partnerships,
OfficeMax
operates
stores
internationally
in
Mexico
and
Brazil. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | OfficeMax,
Inc.
operates
a
chain
of
high-volume,
deep-discount
office
products
superstores.
As
of
11/00,
the
Company
operated
1,000
stores
in
49
states,
Puerto
Rico
and
the
U.S.
Virgin
Islands.
For
the
13
weeks
ended
4/28/01,
sales
fell
11%
to
$1.19
billion.
Net
loss
applicable
to
Common
totaled
$17.4
million,
up
from
$2.1
million.
Results
reflect
the
discontinuation
of
the
Computer
segment,
the
closure
of
46
stores
and
negative
operating
margins
due
to
reduced
sales. Recent Earnings Announcement For
the
13
weeks
ended
07/28/2001,
revenues
were
978,759;
after
tax
earnings
were
-23,996. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Feuer, 56 Chairman,
CEO | $991K | Gary Peterson, 50 Pres,
COO | 542K | Jeffrey Freimark, 46 CFO,
Sr. Exec. VP | -- | Ross Pollock, 45 Exec.
VP, Gen. Counsel, Sec. | -- | Eugene O'Donnell, 54 Exec.
VP of Merchandising and Marketing | 391K | 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
|
|