| Business Summary | | Mazel
Stores,
Inc.
(Mazel)
sells
quality,
value-oriented
consumer
products
at
a
broad
range
of
price
points
offered
at
a
substantial
discount
to
the
original
retail
or
wholesale
price.
Mazel
consists
of
two
complementary
operations:
a
major
regional
closeout
retail
business;
and
a
closeout
wholesale
business.
Mazel's
merchandise
primarily
consists
of
new,
frequently
brand-name
products
that
are
available
to
the
Company
for
a
variety
of
reasons,
including
overstock
positions
of
a
manufacturer,
wholesaler
or
retailer;
the
discontinuance
of
merchandise
due
to
a
change
in
style,
color,
shape
or
repackaging;
a
decrease
in
demand
for
a
product
through
traditional
channels;
or
the
termination
of
business
by
a
manufacturer,
wholesaler
or
retailer.
As
of
February
3,
2001,
the
Company
operated
a
chain
of
79
closeout
retail
stores
in
New
York,
New
Jersey,
Pennsylvania,
Connecticut,
Delaware,
Ohio,
Michigan,
and
Kentucky. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MAZL
is
engaged
in
the
closeout
retail
and
wholesale
businesses.
MAZL
sells
value-oriented
consumer
products
at
a
broad
range
of
price
points
offered
at
a
substantial
discount
to
the
original
retail
or
wholesale
price.
For
the
13
weeks
ended
5/5/01,
net
sales
rose
4%
to
$75.8
million.
Net
loss
totaled
$1.6
million
vs.
an
income
of
$6
thousand.
Revenues
reflect
the
opening
of
new
stores.
Net
loss
reflects
higher
S/G/A
expenses
due
to
costs
associated
with
the
new
stores. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Peter Hayes, 58 CEO,
Director | -- | Brady Churches, 42 Pres | $443K | Edward Cornell Acting
CFO | -- | Jerry Sommers, 50 Exec.
VP-Retail | 329K | Susan Atkinson, 50 Sr.
VP, Treasurer | 215K | Dollar amounts are as of 3-Feb-2001 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
|
|