| Business Summary | | Rag
Shops,
Inc.,
as
of
September
2,
2000,
operated
65
specialty
retail
stores
that
sell
competitively
priced
craft
and
fabric
merchandise.
The
Company
caters
to
value
conscious
consumers
who
create
decorative
accessories
and
sew.
Each
of
the
Company's
stores
offers
craft,
fabric
and
related
products.
Craft
items
include
silk
flowers,
wicker,
picture
frames,
wood
products,
stitchery,
yarn,
wearable
art,
art
supplies
and
craft
supplies.
Fabric
items
available
at
the
Company's
stores
include
apparel
and
home
decorative
fabrics,
trimmings,
patterns
and
sewing
notions.
59
stores
also
offer
custom
picture
framing. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Rag
Shops,
Inc.
operates
65
specialty
retail
stores
which
sell
fabric
and
craft
merchandise.
The
Company's
stores
offer
crafts,
fabrics
and
related
items
to
creative
sewing
and
craft
consumers.
For
the
nine
months
ended
6/2/01,
revenues
increased
3%
to
$79.5
million.
Net
income
before
acct.
change
fell
22%
to
$1.4
million.
Revenues
reflect
an
increase
in
comparable
store
sales.
Earnings
were
offset
by
the
operation
of
a
secondary
distribution
center. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Stanley Berenzweig, 80 Chairman,
CEO | $175K | Jeffrey Gerstel, 37 Pres,
COO | -- | Steven Provenzano, 40 CFO,
VP | -- | Steven Barnett, 53 Exec.
VP, Treasurer, Director | 145K | Evan Berenzweig, 44 Sr.
VP | 130K | Dollar
amounts are as of 31-Aug-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
|
|