| Business Summary | | CPI
Corp.
is
a
holding
company
primarily
engaged,
through
its
subsidiaries,
in
the
development
and
marketing
of
consumer
services
and
related
products
through
a
network
of
centrally
managed,
small
retail
locations.
The
Company
has
operations
in
two
business
segments:
Portrait
Studios
and
Technology
Development.
Within
the
Portrait
Studio
segment,
the
Company
operates
1,027
studios
as
of
February
3,
2001
and
is
the
exclusive
operator
of
all
Sears
Portrait
Studios
in
the
United
States,
Canada
and
Puerto
Rico.
The
Technology
Development
Segment,
through
Centrics
Technology,
Inc.,
a
wholly
owned
subsidiary,
is
committed
to
the
full-time
development
of
business
computer
software
for
both
the
Portrait
Studio
segment
and
other
third-party
business. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CPI
Corp.
operates
portrait
studios
with
1,027
locations
in
the
U.S.,
Canada
and
Puerto
Rico.
The
Company
also
offers
posters,
prints,
frames
and
frame
services
in
the
U.S.
For
the
12
weeks
ended
4/28/01,
revenues
fell
3%
to
$65
million.
Net
income
fell
98%
to
$41
thousand.
Revenues
reflect
a
decrease
in
customer
traffic.
Lower
income
also
reflects
lower
gross
margins
and
expenses
related
to
the
retirement
of
an
executive
officer. Recent Earnings Announcement For
the
12
weeks
ended
07/21/2001,
revenues
were
59,071;
after
tax
earnings
were
-1,120. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| David Pierson, 54 Chairman,
CEO | -- | -- | Russell Isaak, 58 Pres,
Director | $567K | $40K | Barry Arthur, 58 Exec.
VP-Fin., CFO | 290K | 51K | Patrick Morris, 61 Sr.
Exec. VP; Pres of the Portrait Studio Division | 530K | 44K | Fran Scheper, 55 Exec.
VP of HR | 289K | 13K | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|