| | Business Summary | | Ames
Department
Stores,
Inc.
is
a
discount
retailer
that
operates
453
stores
in
19
contiguous
states
in
the
Northeast,
Midwest
and
Mid-Atlantic
regions
and
the
District
of
Columbia.
Ames
stores
are
situated
in
rural
communities,
small
cities
and
the
suburbs
of
larger
metropolitan
areas.
Stores
are
smaller
and
more
customer
friendly
than
the
stores
of
most
competing
national
discount
department
store
chains.
Ames
offers
a
variety
of
merchandise
that
includes
apparel,
housewares,
electronics,
ready-to-assemble
and
patio
furniture,
jewelry,
crafts,
pet
supplies,
health
and
beauty
care
items,
stationery,
sporting
goods,
toys,
seasonal
products
and
more.
Ames
stores
offer
a
wide
range
of
both
brand
name
and
other
quality
merchandise
for
the
home
and
family
at
prices
below
those
of
conventional
department
stores
and
specialty
retailers.
In
addition,
all
Ames
stores
include
a
shoe
department
operated
by
a
licensee,
and
a
"Crafts
&
More"
department
that
features
a
large
selection
of
crafts. | | Financial Summary | | Ames
Department
Stores
operates
453
discount
department
stores
in
19
states
in
the
Northeast,
Mid-Atlantic
and
Mid-West
and
the
District
of
Columbia.
For
the
39
weeks
ended
10/30/99,
sales
increased
61%
to
$2.63
billion.
Net
loss
totalled
$66.1
million
vs.
an
income
of
$11.4
million.
Revenues
reflect
the
openings
of
151
converted
Hills
stores
and
12
new
stores.
Net
loss
reflect
increased
S/G/A,
depreciation,
and
interest
expenses
related
to
the
Hills
acquisition. | | | | FY1999
Compensation | | Pay | Exer | |
| Joseph Ettore, 59 Chairman,
Pres, CEO | $6.8M | -- | Rolando De Aguiar, 50 Exec.
VP, CFO, Chief Admin. Officer | -- | -- | Denis Lemire, 51 Exec.
VP, COO | 1.6M | $626K | Paul Buxbaum, 44 Director | -- | -- | Eugene Bankers, 59 Sr.
VP of Marketing | 970K | 547K | | Dollar
amounts are as of 30-Jan-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. |
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