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  September 5, 2001
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Home > Company Index > Retail > Home Furnishing & Housewares Retailing > Levitz Furniture Incorporated

Levitz Furniture Incorporated
OTC: LVFIQ
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 PROFILE
Don't like your sofa? Levitz or leave it. Retailer Levitz Furniture Incorporated owns Levitz Furniture Corp., which runs about 60 stores (nearly half are in California). Levitz offers moderately-priced brand name furniture, as well as linens and other accessories. It sold off dozens of stores during its spell in Chapter 11 bankruptcy protection from 1997 to February 2001. It emerged from Chapter 11 as part of holding company Levitz Home Furnishings, Inc. (LHFI), which is controlled by James Rubin (co-chairman of M.D. Sass Associates). LHFI also owns the Seaman Furniture chain, which operates Levitz's stores in the eastern US and performs corporate functions such as distribution for both chains.

 COMPETITION
Ethan Allen Interiors Inc. (ETH)
Heilig-Meyers Company (HMY)
Sears, Roebuck and Co. (S)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 535.10
1-Yr. Sales Growth: (18.1)%
Employees: 3,140
Revenue per employee: $170,414.01

 KEY PEOPLE
• Edward L. Grund
    CEO
• Michael E. McCreery
    CFO

 CONTACT INFO
4299 Rosewood Dr., Ste. 100
Pleasanton, CA 94588
US
Phone: 925-416-1175
Fax: 925-416-0846
Online: Web Site

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