| Business Summary | | National
Record
Mart,
Inc.
is
a
specialty
retailer
of
prerecorded
home
entertainment
products,
including
compact
discs
(CD),
audiocassettes,
videos
and
related
accessories.
The
Company
is
a
specialty
music
retailer
in
its
core
western
Pennsylvania/eastern
Ohio
market.
The
Company
operated
151
stores
in
32
states
and
the
U.S.
territory
of
Guam
as
of
March
28,
2001.
The
Company's
stores
offer
a
broad
array
of
CDs
and
cassettes
in
all
music
categories
including
rock,
pop,
alternative,
adult
contemporary,
country,
easy
listening,
classical,
jazz,
religious,
new
age,
rhythm
and
blues,
children's,
educational,
show
tunes,
movie
soundtracks,
world
music
and
others.
The
stores
offer
for
sale
a
varied
selection
of
prerecorded
VHS
videocassettes
and
DVD
(digital
versatile
discs).
In
August
2001,
the
Company
consented
to
the
entry
of
an
Order
For
Relief
under
Chapter
11
of
the
Bankruptcy
Code.
As
a
debtor-in-possession,
National
Record
Mart
will
continue
to
operate
its
chain
of
retail
stores. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | National
Record
Mart
is
a
specialty
retailer
of
home
entertainment
products,
including
CD's,
audio
and
video
cassettes
and
related
accessories.
The
Company
operates
172
stores
in
33
states
(as
of
10/00).
For
the
fiscal
year
ended
3/31/01,
revenues
decreased
12%
to
$125.9
million.
Net
loss
increased
98%
to
$16
million.
Revenues
reflect
a
decrease
in
comparable
store
sales.
Higher
loss
also
reflect
a
$1.2
million
impairment
write-down. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| William Teitelbaum, 50 Chairman,
CEO and Pres | $229K | Theresa Carlise, 41 Sr.
VP, CFO, Sec., Director | 111K | Charles Michael Stephenson, 45 VP
of Marketing | -- | James Benedetti, 37 VP
of Information Systems | -- | Scott Bargerstock, 50 VP
of Bus. Devel. | -- | Dollar amounts are as of 30-Mar-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
|
|