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Home > Company Index > Retail > Drug, Health & Beauty Product Retailing > Phar-Mor, Inc.

Phar-Mor, Inc.
Nasdaq: PMOR
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 NEWS FROM THE STANDARD
HealthCentral Buys Vitamins.com
Mar 16 2000 09:02 AM PST

 PROFILE
Phar-Mor boasts that its customers pay phar-less than at conventional drugstores and supermarkets. Its Phar-Mor, Pharmhouse, and Rx Place stores sell prescription and over-the-counter drugs, vitamins, health and beauty products, and general merchandise at discount prices. Its Super Phar-Mor stores sell fresh and frozen food. The company operates about 140 stores in 24 states, mostly on the East Coast, and has teamed up with online pharmacy more.com. Phar-Mor entered Chapter 11 in 1992 after discovering an embezzlement scheme by company executives. It closed more than 200 stores and emerged from bankruptcy protection in 1995. Co-CEOs Abbey Butler and Melvyn Estrin own about 40% of Phar-Mor through Avatex Corp.

 COMPETITION
CVS Corporation (CVS)
Eckerd Corporation (dossier)
Rite Aid Corporation (RAD)

 DEALS
Deal: Phar-Mor Invests in More.com
Date Announced: 01.25.00
Value of transaction (US $Mil): 0
Description: Discount drugstore chain invests in, enters distribution agreement with health and wellness site.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 1,292.10
1-Yr. Sales Growth: 7.1%
Employees: 6,402
Revenue per employee: $201,827.55

 KEY PEOPLE
• Abbey J. Butler
    CEO
• Martin S. Seekely
    CFO

 CONTACT INFO
20 Federal Plaza West
Youngstown, OH 44501
US
Phone: 330-746-6641
Fax: 330-740-8018
Online: Web Site

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