| Business Summary | | Duane
Reade
Inc.
operates
172
stores
in
the
New
York
metropolitan
area,
24
of
which
were
opened
during
2000.
During
1999
and
1998,
the
Company
opened
21
stores
and
33
stores,
respectively.
The
Company
closed
one
store
in
2000
and
one
store
in
1999.
The
Company
offers
brand
name
and
private
label
health
and
beauty
care
products,
food
and
beverage
items,
tobacco
products,
cosmetics,
housewares,
hosiery,
greeting
cards,
photofinishing
services,
photo
supplies,
seasonal
merchandise
and
other
products,
in
addition
to
prescription
and
over-the-counter
(OTC)
drugs.
Health
and
beauty
care
products,
including
OTC
drugs,
represent
its
largest
product
categories.
Duane
Reade
also
offers
an
interactive
Website,
www.duanereade.com,
which
customers
may
use
to
access
Company
information,
fill
prescriptions
and
purchase
over-the-counter
medications,
as
well
as
health
and
beauty
care
products
and
other
non-pharmacy
items. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Duane
Reade
operates
172
drug
stores
in
the
NY
metropolitan
area.
DRD
sells
OTC
drugs
and
prescription
pharmaceuticals,
health
and
beauty
aids,
food
and
beverage
items,
tobacco
products,
cosmetics,
housewares
and
seasonal
items.
For
the
26
weeks
ended
6/30/01,
revenues
rose
20%
to
$564
million.
Net
income
before
extraordinary
item
rose
43%
to
$9.9
million.
Results
reflect
higher
pharmacy
and
front-end
same
store
sales
and
lower
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Anthony Cuti, 55 Chairman,
Pres, CEO | $2.4M | -- | John Henry, 51 Sr.
VP, CFO, Sec. | 570K | -- | Gary Charboneau, 56 Sr.
VP of Sales and Merchandising | 843K | -- | Jerry Ray, 53 Sr.
VP of Store Operations | 653K | $327K | Bruce Schwallie, 46 Sr.
VP, Merchandising | -- | -- | Dollar
amounts are as of 30-Dec-2000 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
|
|