| Business Summary | | Value
City
Department
Stores,
Inc.
operates
a
chain
of
119
department
stores
located
in
Ohio,
Pennsylvania
and
13
other
Midwestern,
Eastern
and
Southern
states,
principally
under
the
name
Value
City,
as
well
as
81
DSW
Shoe
Warehouse
Stores
located
throughout
the
United
States.
In
addition,
the
Company
operates
19
Filene's
Basement
stores
(Filene's)
located
principally
in
the
New
England
states.
The
Company's
department
stores
carry
men's,
women's
and
children's
apparel,
housewares,
giftware,
home
furnishings,
toys,
sporting
goods,
jewelry,
shoes
and
health
and
beauty
care
items,
with
apparel
comprising
over
60%
of
total
sales.
The
Company's
DSW
stores
are
a
chain
of
upscale
shoe
stores
offering
a
wide
selection
of
dress
and
casual
footwear
below
traditional
retail
prices.
The
Company's
Filene's
stores
average
27,000
square
feet
and
specialize
in
high-end
brand
name
merchandise
of
men's
and
women's
apparel,
accessories
and
home
goods. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | VCD
operates
a
chain
of
119
department
stores
located
in
Ohio,
Pennsylvania
and
13
other
Midwestern,
Eastern
and
Southern
states.
For
the
26
weeks
ended
8/4/01,
net
sales
rose
8%
to
$1.07
billion.
Net
loss
totaled
$13.6
million
vs.
an
income
of
$123
thousand.
Revenues
reflect
additional
sales
from
the
acquisition
of
Filene's
Basement
stores.
Net
loss
reflects
an
increase
in
SG&A
expenses
and
higher
interest
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Jay Schottenstein, 45 Chairman | $250K | Alan Schlesinger Pres
and Merchandising Mang. | -- | George Kolber Vice
Chairman, CEO | -- | Martin Doolan, 60 Vice
Chairman | 406K | Robert Lynn COO | -- | 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
|
|