| Business Summary | | Rex
Stores
Corp.
is
a
specialty
retailer
in
the
consumer
electronics/appliance
industry,
serving
over
200
small
to
medium-sized
towns
and
communities.
Since
1980,
when
the
Company's
first
four
stores
were
acquired,
the
Company
has
expanded
into
a
national
chain
operating
262
stores
in
37
states
under
the
REX
tradename.
The
Company's
stores
average
approximately
11,000
square
feet
and
offer
a
broad
selection
of
brand
name
products
within
selected
major
product
categories.
These
include
big
screen
and
standard-sized
televisions,
video
and
audio
equipment,
camcorders
and
major
household
appliances. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RSC
is
a
consumer
electronics
retailer,
locating
its
stores
in
small-to-medium
sized
markets.
As
of
1/31/01,
RSC
operated
262
stores
in
37
states.
For
the
six
months
ended
7/31/01,
net
sales
decreased
2%
to
$204
million.
Net
income
decreased
3%
to
$7
million.
Revenues
reflect
a
decrease
in
comparable
store
sales
due
to
the
slow
economy.
Net
income
also
reflects
higher
advertising,
store
and
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Stuart Rose, 46 Chairman,
CEO | $808K | $56K | Lawrence Tomchin, 73 Pres,
COO | 460K | 48K | Douglas Bruggeman, 40 VP
- Fin. and Treasurer | 159K | -- | Edward Kress, 51 Sec. | -- | -- | Dollar amounts are as of 31-Jan-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
|
|