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Home > Company Index > Retail > Clothing, Shoe & Accessory Retailing > Factory 2-U Stores, Inc.

Factory 2-U Stores, Inc.
Nasdaq: FTUS
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 NEWS FROM THE WIRES
Factory 2-U second quarter net loss
Aug 15 2001 01:26 PM PDT

More WIRE STORIES about this company

 PROFILE
Why from the factory to you? Because no full-price retailer wants the stuff. Factory 2-U Stores operates some 250 off-price apparel stores in 10 states, moslty in the western and southwestern US. In addition to name-brand apparel, the Factory 2-U stores feature housewares, footwear, and toys. Factory 2-U buys a majority of its merchandise through vendors' closeouts (often due to other retailers' order cancellations). The company's customers are primarily low-income families, but it has renovated older stores to attract value-conscious shoppers. Investment firm Three Cities Research owns 14% of Factory 2-U.

 COMPETITION
Kmart Corporation (KM)
Target Corporation (TGT)
Wal-Mart Stores, Inc. (WMT)

 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: January
2001 Sales (mil.): 555.70
1-Yr. Sales Growth: 31.9%
Employees: 5,397
Revenue per employee: $102,964.61

 KEY PEOPLE
• Michael M. Searles
    CEO
• Douglas C. Felderman
    CFO

 CONTACT INFO
4000 Ruffin Rd.
San Diego, CA 92123
US
Phone: 858-627-1800
Fax: 858-637-4199
Online: Web Site

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