| Business Summary | | One
Price
Clothing
Stores,
Inc.
(One
Price)
operates
a
chain
of
off-price
specialty
retail
stores
offering
a
wide
variety
of
first
quality,
fashionable,
in-season
apparel
and
accessories
for
women
and
children.
One
Price
purchases
merchandise
at
heavily
discounted
prices
in
large
quantities
from
a
broad
mix
of
manufacturers,
jobbers,
importers
and
other
suppliers.
The
Company
is
able
to
acquire
such
merchandise
at
heavily
discounted
prices
because
of
imbalances
between
supply
and
demand,
order
cancellations
and
vendor
needs
for
liquidity.
One
Price
currently
offers
most
of
its
apparel
at
prices
ranging
between
$7
and
$10
and
offers
certain
additional
categories
and
styles
priced
higher
than
$10
when
the
Company
believes
that
such
merchandise
is
clearly
desired
by
its
customers.
The
Company
currently
offers
men's
apparel
in
approximately
225
stores. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | One
Price
Clothing
Stores
operates
a
chain
of
off-price
retail
women's
and
children's
specialty
stores
offering
a
wide
variety
of
first
quality,
contemporary,
in-season
apparel
and
accessories.
For
the
26
weeks
ended
8/4/01,
net
sales
fell
4%
to
$184.2
million.
Net
loss
totalled
$961
thousand
vs.
an
income
of
$4.7
million.
Results
reflect
a
reduction
in
retail
sales
and
a
$1.6
million
non-cash
charge
related
to
a
valuation
allowance
against
deferred
tax
assets. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Leonard Snyder, 52 Chairman,
Interim CEO | -- | Dane Reynolds, 49 Sr.
VP, CFO | $280K | Thomas Kelly, Jr., 55 Sr.
VP and Gen. Merchandise Mang. | -- | Alphonse Nepa, 47 Sr.
VP of Merchandising | 327K | Ronald Swedin, 54 Sr.
VP of Store Operations | 307K | Dollar amounts are as of 29-Jan-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
|
|