| | Business Summary | | Payless
Cashways,
Inc.
is
a
retailer
of
building
materials
and
home
improvement
products.
The
Company
operates
128
retail
building
materials
stores
and
five
wholesale
facilities
in
17
states
located
in
the
Midwestern,
Southwestern,
Pacific
Coast
and
Rocky
Mountain
areas.
The
stores
operate
under
the
names
Payless
Cashways
Building
Materials,
Furrow
Building
Materials,
Lumberjack
Building
Materials,
Hugh
M.
Woods
Building
Materials,
Knox
Lumber,
Contractor
Supply
and
PCI
Builders
Resource.
Each
of
the
Company's
stores
is
designed
as
a
one-stop
source
that
provides
the
professional
builder,
remodel
and
repair
contractor,
institutional
buyer
and
project-oriented
do-it-yourself
customer
with
a
selection
of
products
and
services
needed
to
build,
improve
and
maintain
home,
business,
farm
or
ranch
properties.
In
June
2001,
the
Company
filed
a
petition
for
voluntary
reorganization
of
its
operations
under
Chapter
11
with
the
United
States
Bankruptcy
Court
for
the
Western
District
of
Missouri. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Payless
Cashways
is
a
retailer
of
building
materials
and
home
improvement
products
in
the
United
States.
The
Company
operates
128
retail
stores
in
17
states.
For
the
26
weeks
ended
5/26/01,
revenues
fell
39%
to
$471.3
million.
Net
loss
totaled
$58.1
million,
up
from
$3.7
million.
Revenues
reflect
lower
same-store
sales
due
to
poor
weather
conditions
and
a
general
economic
slowdown.
Higher
loss
also
reflects
a
$28
million
charge
related
to
retail
store
closings. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Peter Danis, 68
Chairman | -- | Millard Barron, 51
Pres
and CEO | $562K | Richard Witaszak, 40
CFO,
Sr. VP-Fin. | -- | Frank Chambers, 56
Exec.
VP-Professional Bus. Devel. | -- | Edward Zimmerlin, 54
Sr.
VP - Merchandising and Marketing | 238K | | Dollar amounts are as of 25-Nov-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/p/pcsh.ob.gif)