| Business Summary | | Finlay
Enterprises,
Inc.,
through
its
wholly
owned
subsidiary,
Finlay
Fine
Jewelry
Corporation
and
its
wholly
owned
subsidiaries
(collectively,
Finlay),
is
one
of
the
leading
retailers
of
fine
jewelry
in
the
United
States.
The
Company
operates
leased
fine
jewelry
departments
in
major
department
stores
for
retailers
such
as
The
May
Department
Stores
Company,
Federated
Department
Stores,
Belk,
the
Carson
Pirie
Scott
and
Proffitt's
divisions
of
Saks
Incorporated,
Marshall
Field's
and
Dillard's.
With
the
completion
of
the
acquisition
of
certain
assets
of
Jay
B.
Rudolph,
Inc.,
Finlay
now
operates
Departments
in
Bloomingdale's,
Dayton's
and
Hudson's.
Finlay
sells
a
broad
selection
of
moderately
priced
fine
jewelry,
including
necklaces,
earrings,
bracelets,
rings
and
watches,
and
markets
these
items
principally
as
fashion
accessories
with
an
average
domestic
sales
price
of
approximately
$180
per
item. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Finlay
Enterprises,
Inc.
operates
licensed
fine
jewelry
departments
in
the
U.S.
and
France
through
Finlay
Fine
Jewelry
Corp.
For
the
26
weeks
ended
8/4/01,
sales
remained
flat
at
$389.4
million.
Net
loss
totaled
$2.8
million,
up
from
$700
thousand.
Results
reflect
decreased
comparable
store
sales,
an
increased
cost
of
sales
as
a
percentage
of
revenues
and
the
inclusion
of
a
$900
thousand
one-time
charge
related
to
losses
on
fixed
asset
disposal
and
severance. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Arthur Reiner, 60 Chairman,
Pres, CEO of the Company and the Bank | $944K | Bruce Zurlnick, 49 CFO,
Sr. VP, Treasurer of the Company and Finlay Jewelry | 308K | Joseph Melvin, 50 COO,
Exec. VP of the Company and Pres and COO of Finlay Jewelry | 596K | Leslie Philip, 54 Exec.
VP and Chief Merchandising Officer of the Company and Finlay Jewelry | 694K | Edward Stein, 56 Sr.
VP of Stores of Finlay Jewelry | 423K | Dollar amounts are as of 29-Jan-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
|
|