| | Business Summary | | Ames
Department
Stores,
Inc.
is
a
regional
discount
retailer.
The
Company
currently
operates
452
stores
in
19
contiguous
states
in
the
Northeast,
Midwest
and
Mid-Atlantic
regions,
as
well
as
the
District
of
Columbia.
The
Company's
stores
offer
a
wide
range
of
brand
name
and
other
merchandise
for
the
home
and
family
at
prices
below
those
of
conventional
department
stores
and
specialty
retailers.
The
Company's
stores
are
smaller
and
more
customer
friendly
than
the
stores
of
most
competing
"big
box"
retailers,
including
the
national
discount
department
store
chains.
In
November
2000,
the
Company
announced
the
planned
closing
of
32
stores,
all
of
which
were
closed
by
the
end
of
March
2001.
In
August
2001,
the
Company
filed
for
voluntary
reorganization
under
Chapter
11
of
the
United
States
Bankruptcy
Code.
Ames'
base
of
more
than
400
stores
will
remain
open
while
the
Company
operates
in
reorganization. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Ames
Department
Stores
operates
452
discount
department
stores
in
19
states
in
the
Northeast,
Midwest
and
Mid-Atlantic
regions,
as
well
as
the
District
of
Columbia.
For
the
26
weeks
ended
8/4/01,
revenues
fell
6%
to
$1.62
billion.
Net
loss
rose
6%
to
$54.2
million.
Revenues
reflect
a
decrease
in
comparable
store
sales.
Higher
loss
was
partially
offset
by
improved
gross
margins
and
decreased
SG&A
expenses. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY2000
Compensation | | Pay | Exer | |
| Joseph Ettore, 62
Chairman,
CEO | $3.3M | $2.4M | Denis Lemire, 54
Pres,
COO | 833K | -- | Rolando De Aguiar, 52
Sr.
Exec. VP, CFO, Chief Admin. Officer | 742K | -- | Grant Sanborn, 49
Exec.
VP, Operations | 551K | -- | David Lissy, 57
Sr.
VP, Gen. Counsel, Sec. | -- | -- | | Dollar
amounts are as of 29-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/a/ames.gif)