FACTORY 2-U STORES, INC. Names Senior Vice President of Marketing.Business Editors SAN DIEGO--(BUSINESS WIRE)--April 4, 2002 FACTORY 2-U Factory 2-U is a chain of department stores that are located mostly in the Western United States selling clothing, domestics, and merchandise, founded in 1962, originally private owned. They have 6000 employees with more than 10 stores. STORES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (Nasdaq:FTUS FTUS Full-Time Unit Support ) today announced the appointment of Spencer Insolia as Senior Vice President of Marketing, a new position within the Company. Mr. Insolia recently joined the Company and will report directly to Mike Searles, Chairman and Chief Executive Officer. For the past eight years he served with Accenture Consulting within its Retail Practice Group. His client group included a list of major retailers including Department, Specialty, Discount and Off-Price stores. His expertise includes analyzing customer preferences, developing strategic initiatives that drive customer traffic and analysis of promotional effectiveness resulting in both margin and revenue growth. Mike Searles, Chairman and Chief Executive Officer, stated, "We are fortunate to have someone with Spencer's extensive Retail and Marketing experience join our management team." FACTORY 2-U STORES, INC. operates 273 "Factory 2-U" off-price retail stores which sell branded casual apparel for the family, as well as selected domestics and household merchandise at prices which generally are significantly lower than the prices offered by its discount competitors. The Company operates 5 stores in Alabama, 33 stores in Arizona, 3 stores in Arkansas, 61 stores in southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , 60 stores in northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern , 1 store in Idaho, 5 stores in Louisiana, 1 store in Mississippi, 4 stores in Missouri, 8 stores in Nevada, 10 stores in New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , 3 stores in Oklahoma, 14 stores in Oregon, 2 stores in Tennessee, 47 stores in Texas, and 16 stores in Washington. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, and actual results could differ materially from the Company's present expectations. Among the important factors that could cause actual results to differ materially from those indicated in the forward-looking statements are: customer demand and trends in the off-price apparel industry, the effect of economic conditions, the impact of competitive openings and pricing, supply constraints or difficulties, and other risks detailed in the Company's Securities and Exchange Commission filings. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion