| | Business Summary | | Liquidation
World,
Inc.
is
engaged
in
the
marketing
of
consumer
and
business
related
merchandise
acquired
from
bankruptcies,
receiverships,
close-outs,
inventory
overruns,
insurance
claims
and
other
distress
situations.
The
Company
markets
to
the
public
by
retail
sales
through
89
leased
outlets
across
North
America.
In
addition,
weekly
unreserved
auctions
are
held
in
the
Calgary
North
and
Edmonton
West
outlets.
The
Company
also
conducts
sales
for
receivers,
trustees
in
bankruptcy
and
others
at
sites
other
than
its
outlets
and
has
operated
temporary
outlets.
The
Company
purchases
merchandise
for
resale
and,
in
certain
situations,
sells
goods
on
consignment.
The
Company's
affiliates
are
Liquidation
World
USA,
Inc.,
which
handles
all
outlet
operations
in
the
United
States;
and
Product
Management
Canada,
Inc. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Liquidation
World,
Inc.
specializes
in
marketing
merchandise
from
distress
situations,
such
as
bankruptcies,
receiverships,
close-outs,
inventory
overruns
and
insurance
claims.
As
of
12/00,
the
Co.
operated
89
retail
outlets
in
Canada,
Washington
State
and
Idaho.
For
the
39
weeks
ended
7/1/01,
revenues
increased
11%
to
C$136.2
million.
Net
income
increased
28%
to
C$5
million.
Results
reflect
the
openings
of
new
outlets,
and
decreased
interest
expenses. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY1999
Compensation | | Pay | Exer | |
| Dale Gillespie
Chairman,
Pres and CEO | $578K | -- | Andrew Searby
CFO
and Sec. | 116K | $118K | Wayne Mantika
Sr.
VP | 167K | 485K | Darren Gillespie
VP
- Pacific Northwest Operations | 130K | 153K | Derrick Gillespie
VP
- Corp. Purchasing | 130K | 895K | | Dollar
amounts are as of 3-Oct-1999 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/l/liqwf.gif)