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Profile - Lechters, Inc. (OTC BB:LECH.OB)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Insider | Financials
Recent Events
July 23Price hit new 52-week low ($0.05)
Location
1 Cape May Street
Harrison, NJ 07029
Phone: (973) 481-1100
Fax: (973) 481-5493
Email: info@lechtersonline.com
Employees (last reported count): 1,788
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Retail (Specialty)
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 80%
·Over the last 6 months:
 · 2 insider sells; 105.0K shares
  (0.9% of insider shares)
·Institutional: 4% (18% of float)
(18 institutions)
·Net Inst. Selling: 2.30M shares
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Lechters, Inc. operates leased houseware and giftware departments in discount department stores. The first Lechters Housewares store was opened in Rockaway, New Jersey. New store development emphasized mall locations, but was subsequently expanded to include strip center and city locations. In 1990, the Company created the Famous Brands Housewares Outlet concept, with the intent of offering housewares manufacturers not otherwise having a retail presence in outlet malls a venue experiencing substantial customer traffic and rapid new center development. Lechters Housewares is a specialty retailer of products for the kitchen. Famous Brands Housewares Outlet continues the process of transitioning the greater portion of its assortment to off-price, special-buy merchandise. On May 21, 2001, Lechters filed for reorganization under Chapter 11 of the United States Bankruptcy Code.
More from Market Guide: Expanded Business Description

Financial Summary
Lechters is a specialty retailer of brand-name basic housewares and decorative housewares. As of 5/5/01, LECH operated 323 stores. For the 13 weeks ended 5/5/01, sales fell 30% to $58.7 million. Net loss applicable to Common before extraordinary item totalled $27 million, up from $7.1 million. Revenues reflect fewer stores in operation and a 3% reduction in same store sales. Higher loss reflects a lower gross profit margin and the absence of a $3.7 million income tax benefit.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY1999 Pay

Donald Jonas, 70
Chairman
$228K
David Cully, 47
Pres, CEO, Chief Operating Officer
--  
Daniel Anderton
Sr. VP, CFO, Treasurer
--  
Sheon Karol, 42
Sr. VP, Gen. Counsel
--  
Dennis Hickey, 52
Sr. VP - Stores
261K
Dollar amounts are as of 30-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
Statistics at a Glance -- OTC BB:LECH.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 23-July-2001
$0.05 
Recent Price$0.08 
52-Week High
on 14-Sep-2000
$1.469
Beta-0.96 
Daily Volume (3-month avg)53.1K
Daily Volume (10-day avg)9,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-93.6%
52-Week Change
relative to S&P500
-91.4%
Share-Related Items
Market Capitalization$1.23M
Shares Outstanding15.3M
Float3.10M
Dividends & Splits
Annual Dividendnone 
Last Split: 2 for 1 on 27-Apr-1992
Per-Share Data
Book Value (mrq*)-$0.40 
Earnings (ttm)-$8.05 
Earnings (mrq)-$1.76 
Sales (ttm)$24.65 
Cash (mrq*)$0.35 
Valuation Ratios
Price/BookN/A 
Price/EarningsN/A 
Price/Sales (ttm)0.00 
Income Statements
Sales (ttm)$379.9M
EBITDA (ttm*)-$102.2M
Income available to common (ttm)-$123.6M
Profitability
Profit Margin (ttm)-32.3%
Operating Margin (ttm)-30.9%
Fiscal Year
Fiscal Year EndsFeb 3
Most recent quarter
(fully updated)
5-May-2001
Most recent quarter
(flash earnings)
30-Apr-2001
Management Effectiveness
Return on Assets (ttm)-66.24%
Return on Equity (ttm)-190.75%
Financial Strength
Current Ratio (mrq*)0.99 
Debt/Equity (mrq*)4.63 
Total Cash (mrq)$5.36M
Short Interest
As of 6-Apr-2001
Shares Short11.0K
Percent of Float0.4%
Shares Short
(Prior Month)
11.0K
Short Ratio1.00 
Daily Volume11.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-Apr-2001, except mrq*/ttm* items as of 5-May-2001)

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