| Business Summary | | Factory
2-U
Stores,
Inc.
operates
a
chain
of
off-price
retail
apparel
and
housewares
stores
in
Alabama,
Arizona,
California,
Louisiana,
Nevada,
New
Mexico,
Oklahoma,
Oregon,
Texas
and
Washington.
The
Company
sells
branded
casual
apparel
for
the
family,
as
well
as
selected
domestics
and
household
merchandise
at
prices
that
generally
are
significantly
lower
than
other
discount
stores.
The
Company
operates
stores
under
the
name
Factory
2-U.
As
of
April
13,
2001,
the
Company
operated
247
stores
located
in
10
states.
The
Company's
stores
are
primarily
located
in
rural
and
lower-income
suburban
communities
and,
to
a
lesser
extent,
in
metropolitan
areas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Factory
2-U
Stores,
Inc.
operates
through
247
Factory
2-U
and
Family
Bargain
Center
off-price
retail
apparel
and
housewares
stores
located
in
CA,
AZ,
WA,
NM,
OR,
NV
and
TX.
For
the
26
weeks
ended
8/4/01,
net
sales
increased
18%
to
$265.1
million.
Net
loss
totalled
$1.6
million
vs.
income
of
$3.3
million.
Revenues
reflect
the
opening
of
new
stores.
Loss
reflects
increased
labor
rates
as
well
as
higher
advertising
and
utility
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Michael Searles, 51 Chairman,
Pres and Chief Exec. Officer | $1.5M | Douglas Felderman, 47 CFO,
Exec. VP | -- | Tracy Parks, 40 COO,
Exec. VP | 508K | Norman Plotkin, 46 Exec.
VP- Store Devel. and Gen. Counsel | 430K | Mary Kwan, 48 Exec.
VP of Merchandising and Marketing | -- | 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
|
|