Buyer group calls the shots for overachieving Value City

Article Abstract:

Value City Department Stores Inc's (VCD) off-price merchandising strategies greatly improved its 1991 performance. VCD's effective purchasing and marketing strategies as well as its inventory control helped establish the Ohio-based chain as the leading retailer of off-price apparel and household appliances. The company's net revenue rose from $4.1 million in 1990 to $6.9 million in 1991. Consequently, earnings per share for the same period rose for the same period from 53 to 80 cents. Earnings estimate for FY 1992 is $1 rising to $1.17 for FY 1993.

Management, Company Profile, Value City Department Stores Inc.

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Alexander's, Inc

Article Abstract:

Alexander's Inc is a New York department store firm facing difficulties with meeting its debts. It needs $10 million in fresh funds and a one-year moratorium on debt payments amounting to $25 million. The firm was not able to meet a proposal on debt payments that it submitted to its creditors. Thus, some of its suppliers are now postponing shipments pending payment of overdue accounts. It was recently trading at 11 1/4, off a 52-week range of 37 1/2 to 38 3/8. There were no dividends on the $5 million shares.

Economic aspects, Finance, Department stores, Alexander's Inc.

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General Cinema Corp

Article Abstract:

General Cinema Corp (GCN) has acquired Harcourt Brace Jovanovich for $1.5 billion in Nov 1992. Aside from the acquisition, GCN possesses 63% of the Neiman Marcus Group, a theatre division having theaters in 298 locations, a large amount of money and an insurance operation. Likewise, GCN was able to generate earnings of $.90 per share for the July 3rd qtr in 1992. Observers speculate that GCN will have the best stock performance if records reach $1.60-1.65 per share in FY 1992.

Motion Picture Theaters, Book publishing, Securities, Movie theaters, General Cinema Corp.

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