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Home > Company Index > Retail > Home Furnishing & Housewares Retailing > Lechters, Inc.

Lechters, Inc.
Nasdaq: LECH
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 NEWS FROM THE STANDARD
Surviving the Shakeout
Feb 26 2001 12:00 AM PST

 PROFILE
Lechters is hoping you give up on that missing vegetable peeler and spring for a new one. The leading US kitchenware retailer, Lechters operates about 325 stores in 36 states and Washington, DC. Nearly 80% of sales come from its full-price stores, which include Lechters Housewares, Super Lechters, and Lechters Kitchen Place; its off-price stores use the Famous Brands Housewares Outlet banner. The stores sell name-brand and private-label utensils, kitchen gadgets, cookware, small electric appliances, and other items. The Jewish Communal Fund (through a donation from chairman Donald Jonas) owns 26% of Lechters, which has entered Chapter 11 bankruptcy and closed 166 stores, including all of its Cost Less Home Stores.

 COMPETITION
Bed Bath & Beyond Inc. (BBBY)
Linens 'n Things, Inc. (LIN)
Wal-Mart Stores, Inc. (WMT)

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: January
2001 Sales (mil.): 405.00
1-Yr. Sales Growth: (3.6)%
Employees: 4,145
Revenue per employee: $97,708.08

 KEY PEOPLE
• David K. Cully
    CEO
• Daniel L. Anderton
    CFO

 CONTACT INFO
1 Cape May St.
Harrison, NJ 07029
US
Phone: 973-481-1100
Fax: 973-849-6197
Online: Web Site

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