| Business Summary | | Jennifer
Convertibles,
Inc.
is
the
owner
and
licensor
of
sofabed
specialty
retail
stores
in
the
United
States,
with
stores
located
throughout
the
Eastern
seaboard,
in
the
Midwest,
on
the
West
Coast
and
in
the
Southwest.
The
Company's
stores
specialize
in
the
sale
of
a
complete
line
of
sofa
beds
and
companion
pieces
such
as
loveseats,
chairs
and
recliners.
The
Company
also
has
specialty
retail
stores
that
specialize
in
the
sale
of
leather
furniture.
In
addition,
the
Company
has
stores
that
sell
both
fabric
and
leather
furniture.
As
of
August
26,
2000,
its
stores
include
160
Jennifer
Convertibles
stores
and
16
Jennifer
Leather
stores.
Of
these
176
stores,
the
Company
owned
102
and
licensed
74,
including
25
owned
or
operated
by
a
related
private
company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Jennifer
Convertibles
is
the
owner
and
licensor
of
sofabed
specialty
retail
stores
that
specialize
in
the
sale
of
a
complete
line
of
sofabeds,
companion
pieces,
and
leather
furniture
stores.
For
the
39
weeks
ended
5/26/01,
revenues
increased
5%
to
$94.7
million.
Net
income
decreased
65%
to
$854
thousand.
Revenues
reflect
the
acquisition
of
29
new
stores
in
the
current
period.
Earnings
were
offset
by
royalty
expenses,
higher
state
and
local
taxes
and
lower
margins. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Harley Greenfield, 56 Chairman
and CEO | $628K | Rami Abada, 41 Pres,
COO, Interim Chief Financial Officer | 496K | Edward Seidner, 48 Exec.
VP, Director | 240K | Leslie Falchook, 40 Sr.
VP - Admin. | 116K | Kevin Mattler, 42 Sr.
VP - Store Operations | 131K | Dollar amounts are as of 26-Aug-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
|
|