| Business Summary | | Tandycrafts,
Inc.
is
a
leading
maker
and
marketer
of
consumer
products
including
frames
and
wall
decor,
office
supplies,
home
furnishings
and
gift
products.
Tandycrafts'
products
are
sold
nationwide
through
wholesale
distribution
channels,
including
mass
merchandisers
and
specialty
retailers,
and
direct-to-consumer
channels
through
the
Company's
retail
stores,
mail
order
and
the
Internet.
The
Company
is
organized
into
four
product
related
operating
divisions:
Frames
and
Wall
Decor,
Office
Supplies,
Gifts
and
Home
Furnishings.
In
May
2001,
it
was
reported
that
the
Company
filed
a
bankruptcy
petition
under
Chapter
11
of
the
United
States
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Tandycrafts,
Inc.,
is
a
maker
and
marketer
of
consumer
products,
including
frames
and
wall
decor,
office
supplies,
home
furnishings
and
gift
products.
For
the
nine
months
ended
3/31/00,
net
sales
fell
15%
to
$119.1
million.
Net
loss
fell
93%
to
$941
thousand.
Revenues
suffered
from
the
closure
of
the
leather
and
craft
retail
stores.
Lower
loss
reflects
the
absence
of
$8.1
million
in
restructuring
charges
and
the
absence
of
losses
associated
with
the
divestiture. Recent Earnings Announcement For
the
3
months
ended
06/30/2000,
revenues
were
21,468;
after
tax
earnings
were
-10,671. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Michael Walsh, 58 Interim
Chairman, Pres, CEO | $249K | James Allen, 39 Exec.
VP and CFO and Chief Operating Officer | 217K | Leo Taylor, 37 Sr.
VP, Fin. | 165K | Russell Price, 34 VP,
Gen. Counsel, and Sec. | 165K | Troy Huseman, 31 Controller | -- | Dollar
amounts are as of 30-June-1999 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
|
|