| Business Summary | | ShopKo
Stores,
Inc.
operates
through
two
business
segments,
a
ShopKo
Retail
segment
and
a
Pamida
Retail
segment.
ShopKo
is
a
customer
lifestyle-driven
specialty
discount
retailer
located
primarily
in
mid-size
and
larger
communities.
As
of
February
3,
2001,
the
Company
had
164
ShopKo
retail
stores
operating
in
19
Midwest,
Pacific
Northwest
and
Western
Mountain
states.
On
April
9,
2001,
the
Company
closed
23
Shopko
retail
stores
and
a
related
distribution
center
serving
those
stores.
The
remaining
141
ShopKo
stores,
as
of
April
9,
2001,
operated
in
15
states.
Pamida
is
a
general
merchandise
discount
retailer
serving
smaller
and
more
rural
communities.
As
of
February
3,
2001,
the
Company
had
229
Pamida
retail
stores
operating
in
16
Midwest,
North
Central
and
Rocky
Mountain
states. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SKO
owns
and
operates
retail
stores.
As
of
January
2000,
the
Company
had
164
ShopKo
retail
stores
and
232
Pamida
retail
stores
in
the
Midwest,
Western
Mountain
and
Pacific
Northwest
regions.
For
the
26
weeks
ended
8/4/01,
revenues
rose
<
1%
to
$1.58
billion.
Net
loss
from
continuing
operations
totaled
$1.5
million
vs.
an
income
of
$5.7
million.
Revenues
reflect
new
store
openings.
Net
loss
reflects
lower
margins
due
to
product
mix
and
distribution
facility
inefficiencies. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Jack Eugster, 55 Chairman | -- | William Podany, 54 Pres,
CEO, Director | $819K | Michael Hopkins, 50 Pres,
Pamida | 480K | Brian Bender, 52 Sr.
VP, CFO | -- | Paul Burrows, 52 Sr.
VP, CIO | -- | 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
|
|