Heilig-Meyers Co.

• Public
• US

Dow Jones Description

The Company is the Nation's largest specialty retailer of home furnishings and related items with 872 stores (as of April 30, 2000) which are located in 30 states. The Company's Heilig-Meyers stores are primarily located in small towns and rural markets in the southern, mid-western and western Continental United States. The 55 stores of The RoomStore are located in 5 states, including Texas, Virginia, Oregon, Maryland and Washington. The stores included in Operations held for sale as of February 29, 2000 include three stores in the Chicago market and the 33 stores in Puerto Rico operating under the Berrios name, both of which were previously reported within The RoomStore division. The Company's operating strategies include: (1) offering a broad selection of competitively priced home furnishings, including furniture and accessories, and bedding, and in the Heilig-Meyers stores, consumer electronics, appliances, and other items such as jewelry, small appliances and seasonal goods; (2) locating Heilig-Meyers stores primarily in small towns and rural markets which are at least 25 miles from a metropolitan market; (3) offering credit programs to provide flexible financing to its customers; (4) utilizing centralized inventory and distribution systems in strategic regional locations to support store inventory and merchandise delivery operations and; (5) emphasizing customer service and repair service for consumer electronics and other mechanical items.

President and Chief Operating Officer

Contact Information

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