| Business Summary | | CD
Warehouse,
Inc.
is
engaged
in
the
franchising
and
ownership
of
music
stores
offering
new
and
pre-owned
compact
discs,
digital
versatile
discs
and
related
products
under
two
similar
but
distinct
franchise
systems,
CD
Warehouse
and
Disc
Go
Round.
These
franchise
systems,
which
make
up
the
CD
Warehouse
System,
include
their
respective
stores,
which
variously
operate
under
the
trade
names
CD
Warehouse,
Disc
Go
Round,
CD
Exchange
and
Music
Trader.
At
December
31,
2000,
the
CD
Warehouse
System
had
an
aggregate
309
stores
in
37
states
and
the
District
of
Columbia,
Canada,
England,
France,
Guatemala
and
Venezuela,
with
202
franchised
stores
and
64
Company-owned
stores
operating
under
the
CD
Warehouse
concept,
utilizing
either
the
CD
Warehouse,
CD
Exchange,
Disc
Go
Round
or
Music
Trader
trade
name,
and
43
franchised
stores
operating
under
the
Disc
Go
Round
concept,
utilizing
either
the
Disc
Go
Round
or
CD
Exchange
trade
name. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CD
Warehouse,
Inc.
is
engaged
in
the
franchising
and
ownership
of
music
stores
offering
new
and
pre-owned
compact
discs
and
related
products.
For
the
six
months
ended
6/30/01,
total
revenues
decreased
19%
to
$13.3
million.
Net
loss
decreased
57%
to
$255
thousand.
Revenues
reflect
decreased
retail
stores
in
operations
and
lower
comparable
retail
store
sales.
Lower
loss
reflects
a
decrease
in
advertising
expenses
and
lower
payroll
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Christopher Salyer, 48 Chairman,
Pres, CEO | -- | Doyle Motley, 45 CFO | $140K | Michael Chionopoulos, 35 VP,
Gen. Counsel | -- | David Broce, 32 VP | -- | Patrick DiFazio, 33 VP-
Company Store Operations and Pres of Compact Discs Management, Inc. | -- | Dollar
amounts are as of 31-Dec-1999 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
|
|