| Business Summary | | Strouds,
Inc.
is
a
specialty
retailer
of
better
quality
bed,
bath,
tabletop
and
other
home
textiles
products,
decorative
accessories,
window
treatments,
furniture
and
area
rugs.
As
of
August
29,
2000,
the
Company
operated
70
retail
stores
in
California,
Illinois,
Minnesota,
Nevada
and
Arizona.
The
Company
carries
three
primary
product
groupings:
bedding,
bath
and
tabletop.
Bedding
merchandise
consists
of
sheets,
comforters,
bedding
accessories,
bed
pillows,
comforter
covers,
mattress
pads,
blankets,
decorative
pillows
and
bedspreads.
Bath
merchandise
consists
of
towels,
bath
accessories,
bath
rugs,
shower
curtains
and
organization
items.
Tabletop
merchandise
consists
of
tablecloths,
placemats,
kitchen
textiles
and
napkin
rings.
Strouds
also
carries
a
limited
assortment
of
home
decorating
accessories
in
a
number
of
its
stores.
The
Company
filed
a
voluntary
petition
for
reorganization
under
Chapter
11
of
the
Bankruptcy
Code
on
September
7,
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | STROQ
is
a
specialty
retailer
of
bed,
bath,
tabletop,
other
home
textile
products,
decorative
accessories,
and
other
selected
home
furnishings
which
operates
70
stores,
as
of
8/00,
under
the
name
of
Strouds.
For
the
13
weeks
ended
5/27/00,
net
sales
rose
1%
to
$54.2
million.
Net
loss
rose
88%
to
$2.2
million.
Revenues
reflect
increased
sales
from
new
and
expanded
stores.
Earnings
reflect
increased
labor
staffing
and
preopening
costs,
and
higher
interest
expense. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Wilfred Stroud, 74 Acting
Chairman | $224K | Thomas Paccioretti, 45 Pres,
CEO | -- | Thomas Hanlon Interim
CFO | -- | Denise Marsicano, 45 Sr.
VP of Stores | 198K | Dollar amounts are as of 26-Feb-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
|
|