| Business Summary | | The
Rowe
Companies
is
a
synergistic
collection
of
manufacturers
and
retailers
in
the
home
furnishings
industry.
The
Company
operates
in
two
segments
of
the
home
furnishings
industry,
the
wholesale
(manufacturing)
home
furnishings
segment
and
the
retail
home
furnishings
segment.
The
wholesale
home
furnishings
segment
includes
the
design
and
manufacture
of
upholstered
and
leather
furniture.
Upholstered
and
leather
furniture
includes
sofas,
loveseats
and
chairs,
covered
in
fabric
or
leather.
The
retail
home
furnishings
segment
sells
upholstered
and
leather
furniture
(primarily
obtained
from
the
wholesale
segment),
casegoods,
dining
sets,
rugs
and
other
home
furnishing
accessories
through
Company-owned
stores
located
primarily
throughout
the
mid-Atlantic,
southeastern
and
southwestern
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | The
Rowe
Companies
designs
and
manufactures
upholstered
and
leather
furniture
primarily
in
the
middle
to
upper-middle
price
range.
For
the
26
weeks
ended
6/3/01,
net
shipments
fell
9%
to
$158.5
million.
Net
loss
from
continuing
operations
totaled
$5.7
million
vs.
an
income
of
$4.3
million.
Net
shipments
reflect
a
soft
economy
and
reduced
shipments
to
three
major
customers.
Net
loss
also
reflects
higher
health
and
medical
expenses
and
increased
advertising
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Gerald Birnbach, 70 Chairman,
Pres | $921K | Michael Thurmond CFO,
Sec., Treasurer | -- | Suzanne Krupa VP,
CIO | -- | Richard Westerman VP,
Controller | -- | Timothy Fortune VP
- HR | 183K | Dollar amounts are as of 3-Dec-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
|
|