| Business Summary | | Bradlees,
Inc.,
along
with
its
subsidiaries,
operates
105
discount
department
stores,
as
of
December
2000,
in
seven
states
in
the
Northeast,
primarily
in
the
heavily
populated
corridor
running
from
the
Boston
to
the
Philadelphia
metropolitan
areas.
The
Company
has
been
active
in
the
discount
department
store
business
for
over
40
years.
The
Company
is
focusing
on
three
core
product
lines:
moderately
priced
basic
and
casual
apparel,
basic
and
fashion
items
for
the
home,
and
edited
assortments
of
frequently
purchased
commodity
and
convenience
products.
In
December
2000,
the
Company
filed
for
Chapter
11
bankruptcy
after
exploring
several
options
to
change
its
financial
outlook,
including
a
possible
sale
of
the
company.
Pending
bankruptcy
court
approval,
the
Company
plans
to
sell
its
inventory
to
a
group
led
by
Boston's
Gordon
Brothers
Retail
Partners
LLC. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Bradlees,
Inc.,
along
with
its
subsidiaries,
is
a
discount
department
store
retailer
that
operates
105
stores
in
seven
states
in
the
Northeast.
For
the
39
weeks
ended
10/28/00,
total
revenues
fell
2%
to
$1.02
billion.
Net
loss
before
accounting
change
increased
34%
to
$37.3
million.
Revenues
reflect
a
decrease
in
comparable
store
sales.
Net
loss
also
reflects
a
lower
gross
profit
margin
and
increased
interest
expense
related
to
additional
borrowings. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Peter Thorner, 56 Chairman
and CEO | $3.4M | Robert Lynn, 50 Pres,
COO | 1.3M | J. Gregory Ambro, 48 CFO,
Sr. VP | -- | Bruce Conforto, 47 Sr.
VP and CIO | -- | David Schmitt, 49 Sr.
VP, Gen. Counsel, Sec. and Clerk | 491K | 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
|
|