| Business Summary | | Little
Switzerland,
Inc.
is
a
duty-free
specialty
retailer
of
luxury
items
operating
17
distinctively
designed
retail
stores
on
five
Caribbean
islands
and
Alaska.
The
Company
markets
a
wide
selection
of
high-quality
products
available
in
the
world's
finest
stores,
including
watches,
jewelry,
crystal,
china,
fragrances,
gifts
and
accessories.
The
Company
is
the
exclusive
retailer
of
certain
brand-name
products
on
some
islands.
The
Company
sells
internationally
renowned
product
lines
such
as:
Alfieri
St.
John,
Antonini,
Bagley
&
Hotchkiss,
Roberto
Coin
and
Stephan
Hafner
(Jewelry);
Baume
Mercier,
Breitling,
Cartier,
Concord,
ESQ,
Movado,
Omega,
Rado,
Raymond
Weil
and
Tag-Heuer
(Watches);
Baccarat,
Daum,
Kosta
Boda,
Lalique,
Orrefors,
Swarovski
and
Waterford
(Crystal);
and
Christofle,
D'Argenta,
Goebel,
Herend,
Lladro
and
Rosenthal
(China/Gifts).
The
Company's
customers
primarily
are
tourists
from
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Little
Switzerland
is
a
specialty
retailer
of
luxury
items,
operating
16
retail
stores
on
five
Caribbean
islands
and
Alaska.
For
the
nine
months
ended
2/24/01,
net
sales
decreased
2%
to
$40.5
million.
Net
loss
fell
47%
to
$5
million.
Revenues
reflect
decreased
comparable
store
sales
due
to
aggressive
markdowns
taken
to
discontinue
the
fragrance
category.
Lower
loss
reflects
improved
margins
and
expense
controls
and
a
$1.4
million
gain
on
the
Hurricane
Lenny
insurance
settlement. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Seymour Holtzman, 65 Chairman | -- | Robert Baumgardner, 54 Pres,
CEO | $272K | Patrick Hopper, 38 CFO,
Exec. VP, Treasurer | 174K | Michael Pepper, 54 Sr.
Vice Presiden of Retail Operations | -- | Patrick Heron, 35 VP
and Gen. Merchandise Mang. | -- | Dollar amounts are as of 27-May-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
|
|