| | Business Summary | | Reeds
Jewelers,
Inc.
operates
specialty
retail
jewelry
stores
under
the
names
of
Reeds
Jewelers,
Mills
Jewelers,
and
Reeds
Jewelers
Outlet.
The
Mills
name
is
used
in
two
malls
and
is
used
where
the
Company
already
has
a
store
displaying
the
Reeds
brand.
The
Company
currently
operates
one
store
with
the
Reeds
Jewelers
Outlet
brand.
As
of
December
2000,
the
Company
operated
120
stores
in
19
states.
The
Company
offers
a
wide
selection
of
merchandise,
including
diamond
rings
and
jewelry,
gold
jewelry
and
chains,
gemstone
rings,
watches
and
other
fine
jewelry. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Reeds
Jewelers,
Inc.
operates
a
chain
of
120
specialty
retail
jewelry
stores
primarily
in
enclosed
malls
located
principally
in
the
Southwest.
For
the
three
months
ended
5/31/01,
revenues
fell
12%
to
$21.3
million.
Net
loss
totalled
$1.8
million,
up
from
$667
thousand.
Revenues
suffered
from
a
decrease
in
same-store
and
comparable
store
sales.
Higher
loss
reflects
increased
promotional
activity
and
a
negative
change
in
the
sales
mix. | | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| William Zimmer, 82
Chairman | $155K | Alan Zimmer, 42
Pres,
CEO | 281K | Gerald Smith, 43
VP-Operations | -- | Allan Metzner, 53
VP
of Merchandising | 170K | Orville Westmoreland, 53
VP
of Financial Services | 171K | | Dollar amounts are as of 28-Feb-2001 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/r/rji.gif)