PROFILE |
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Suddenly single, HomeLife Furniture had to give up the furniture. Furniture retailer HomeLife was sold by Sears, Roebuck and Co. in early 1999 after nearly a decade of disappointing sales. HomeLife, which had about 130 stores and about ten outlet shops, sold traditional-style furniture as well as rugs, lamps, art, mattresses, and home office furniture. The company had stores in 26 states and Puerto Rico; its core markets included Boston, Chicago, Philadelphia, San Francisco, and Seattle. Sears kept a 19% stake in HomeLife; investors led by Citicorp Venture Capital owned the rest. In July 2001 HomeLife closed its stores, fired its employees, and filed for Chapter 11 bankruptcy protection.
COMPETITION |
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Federated Department Stores, Inc. (FD)
J. C. Penney Company, Inc. (JCP)
Levitz Furniture Incorporated (LVFIQ)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 680.00
1-Yr. Sales Growth: (7.5)%
Employees: 2,700
Revenue per employee: $251,851.85
KEY PEOPLE |
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Joseph M. Baron
CEO
Pat Regan
CFO
CONTACT INFO |
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5550 Prairie Stone Pkwy., Ste.400
Hoffman Estates, IL 60192
US
Phone: 847-649-7000
Fax: 847-645-9890
Online: Web Site
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