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Home > Company Index > Specialty Retail > Music, Video, Book & Entertainment Software Retailing & Distribution > Wherehouse Entertainment, Inc.

Wherehouse Entertainment, Inc.
 NEWS FROM THE STANDARD
Big Labels Make New Enemies
Feb 21 2000 12:00 AM PST

 PROFILE
Wherehouse Entertainment wants to be where it's at for music and video lovers. The company operates about 500 stores in 29 states under the Wherehouse, Wherehouse Entertainment, and Wherehouse Music names. The stores sell prerecorded music, videocassettes, DVDs, video games, and accessories. Many of its stores also rent videos and games and buy and sell used CDs. Wherehouse became the US's third-largest music retailer after its 1998 purchase of 378-store Blockbuster Music from Viacom. The company has converted Blockbuster stores to the Wherehouse moniker. Investor Stephen Feinberg of Cerberus Partners owns about 55% of Wherehouse, and A&M Investment Associates owns 18%.

 COMPETITION
Best Buy Co., Inc. (BBY)
MTS, Incorporated (dossier)
Musicland Stores Corporation (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: January
2000 Sales (mil.): 765.90
1-Yr. Sales Growth: 54.3%
Employees: 6,721
Revenue per employee: $113,956.26

 KEY PEOPLE
• Antonio C. Alvarez
    CEO
• Mark A. Velarde
    CFO

 CONTACT INFO
19701 Hamilton Ave.
Torrance, CA 90502
US
Phone: 310-965-8300
Fax: 310-538-8798
Online: Web Site

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