Corporate Profile for Rex Stores, dated Feb. 9.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine, CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company and many others. -0- Published date: Feb. 9, 1996 Company name: Rex Stores Corp.
Address: 2875 Needmore Rd.
Dayton, Ohio 45414
Telephone No.: 513/276-3931 Chief Executive Officer: Stuart Rose Chief Financial Officer: Douglas Bruggeman
Investor Relations
Contact: Jaffoni & Collins Inc.
Joseph N. Jaffoni
Business number: 212/505-3015
Trading symbol: NYSE: RSC Industry: Specialty Retail Company description: Rex Stores Corp. (NYSE NYSE See: New York Stock Exchange : RSC RSC Royal Society of Chemistry (UK) RSC Royal Shakespeare Company RSC Responsabilidad Social Corporativa (Spanish: corporate social responsibility) RSC Royal Society of Canada ) is a leading specialty retailer of consumer electronics products and appliances. The company operates 198 stores in 29 states, primarily in the Midwest and Southeast. Rex has grown dramatically by expanding in small to medium sized markets, emphasizing customer service and satisfaction and offering a broad range of products at "everyday low prices." Rex has been able to retain a very talented and motivated team of store managers through its policy of promotion from within the company. The current expansion plan calls for the opening of 35-40 stores in each of the next two years. Rex has achieved strong operating results which reflect its strict operating and cost controls, opportunistic buying strategies and operating leverage Operating Leverage A measurement of the degree to which a firm or project relies on fixed rather than variable costs. Notes: The higher the degree of operating leverage, the greater the potential danger from forecasting risk. created by its expanding store base. The company's fiscal 1996 third quarter, ended Oct. 31, 1995, marked the 22nd consecutive quarterly earnings gain. For fiscal 1995, revenues were $382.8 million, up 28 percent over the prior year, net income increased 47 percent and EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. rose 27 percent to $1.40. Fiscal year end: Jan. 31 52 week high/low: 18-3/4 -- 12-1/8 CONTACT: Jaffoni & Collins Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Joseph N. Jaffoni, 212/505-3015 |
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