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LEADING CALIFORNIA COMPANIES 1987 : A ROSTER OF THE STATE’S LARGEST INDUSTRIAL, FINANCIAL, MERCHANDISING, TRANSPORTATION AND UTITLITY FIRMS : MERCHANDISING

Compilation and analysis for the 1987 roster were provided by Maureen Perry and Cynthia Sosin of the Los Angeles Times marketing research department

KEY TO ROSTER--The corporate name of each company is followed by its founding or incorporation date in parentheses. Sales figures have been confined as closely as possible to operating revenues. They include equity in earnings of joint venture corporations as reported, but exclude nonoperating revenue such as dividends and gains from the sale of real estate. Income figures are given before extraordinary items. Related income-per-share figures are fully diluted when available and are based on average shares outstanding during the year, or the number of shares outstanding at year-end, depending on the company’s accounting method. Sales and income figures are given for the year-end 1986 or fiscal year ended on or before February 28, 1987 followed in parentheses by sales and income figures, respectively, for the prior reporting period. Where preliminary figures have been made available, they have been so noted. Dividend figures (when paid) are reported for common stock shares. Asset figures are given as of the final day of the year covered by sales and income figures. The term “1986 Rank” indicates the rank of the company in the 1986 Los Angeles Times Roster. The 1986 Roster was published June 8, 1986 and used figures for years ended most recently prior to March 31, 1986. The abbreviation NYSE, ASE, PSE and OTC indicate listing/trading on the New York, American and Pacific stock exchanges or trading on the over-the-counter market. The various categories of companies have been ranked on the following basis: industrial firms by sales/revenues; merchandising firms by sales; transportation firms and utilities by revenues; and financial institutions and insurance firms by assets.

The top 10 California-headquartered, publicly held companies ranked by sales for year-end 1986 or fiscal year ended on or before February 28, 1987

1 Lucky Stores Inc. (1931) Food retailing organization operating 579 stores in seven states. Supporting distribution facilities, which include several food processing and manufacturing plants, are located in California, Illinois, Florida and Arizona. Sales: $6.44 billion ended 2-1-87 ($6.23 billion in 1986, restated). Income: $46.7 million or 97 cents a share ($48.7 million or 92 cents). Dividends: 87 cents a share ($1.16). Assets: $1.59 billion. Employees: total 41,000; California 25,000. Headquarters: 6300 Clark Ave., Dublin 94568. Chairman and chief executive: John M. Lillie. President: Lawrence A. Del Santo. 1986 rank: 2. NYSE, PSE

2 The Wickes Cos. Inc. (1854) Diversified international company with sales derived from a variety of consumer products, industrial products, retail and manufacturing activities. Has approximately 2,700 company-owned and affiliated operating locations in the United States and Western Europe. Sales: $4.77 billion ended 1-31-87 ($2.81 billion in 1986). Income: $83.8 million or 33 cents a share ($76.1 million or 47 cents). Employees: total 67,380; California not available. Headquarters: 3340 Ocean Park Blvd., Santa Monica 90405. Chairman, president and chief executive: Sanford C. Sigoloff. 1986 rank: 3. ASE

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3 Carter Hawley Hale Stores Inc. (1897) Operates 114 department stores and 188 specialty stores. Its five department store divisions are The Broadway-Southern California; The Broadway-Southwest; Emporium Capwell; Weinstock’s in California, Arizona, New Mexico, Colorado, Utah and Nevada; and Thalimer’s in Virginia, Tennessee, So. Carolina, and No. Carolina. Its specialty store divisions are Bergdorf Goodman in New York City, 22 Neiman-Marcus in Texas, Florida, Illinois, California, Nevada, Massachusetts, New York, Washington, D.C., Missouri, and Georgia. It also operates 165 Contempo Casuals in 26 states. Sales: $4.09 billion ended 1-31-87 ($3.98 billion in 1986). Income: $79.3 million or $2.44 a share ($50.5 million or $1.05). Dividends: $1.22 a share ($1.22). Assets: $2.16 billion. Employees: total 56,000; California 28,600. Headquarters: 550 S. Flower St., Los Angeles 90071. Chairman and chief executive: Philip M. Hawley. President: Waldo A. Burnside. 1986 rank: 4. NYSE, PSE

4 Price Co. (1976) Operates membership-only wholesale cash-and-carry warehouses. Revenues: $2.67 billion ended 8-31-86 ($1.89 billion in 1985). Income: $58.9 million or $1.25 a share ($46.0 million or $1.01, restated). Per share figures reflect two-for-one stock split in December 1985. Assets: $492.9 million. Employees: total 8,000; California 5,000. Headquarters: 2657 Ariane Dr., San Diego 92117. Chairman: Sol Price. President and chief executive: Robert E. Price. 1986 rank: 5. OTC

5 Longs Drug Stores Inc. (1946) Operates a chain of 222 super-drugstores with 174 located in California, 18 in Hawaii, 17 in Arizona, 6 in Nevada, 4 in Colorado, 2 in Alaska and 1 in Oregon. Sales: $1.64 billion ended 1-29-87 ($1.48 billion in 1986). Income: $38.6 million or $1.78 a share ($37.7 million or $1.74). Dividends: 75 cents a share (70 cents). Assets: $442.4 million. Employees: total 11,500; California not available. Headquarters: 141 N. Civic Dr., Walnut Creek 94596. Chairman: J. M. Long. President and chief executive: R. M. Long. 1986 rank: 6. NYSE

6 The Gap Inc. (1969) (Formerly The Gap Stores Inc.) Nationwide retailer of moderately priced apparel for men, women and children. Operates 649 Gap stores, 10 GapKids Stores and 65 Banana Republic stores. All stores are leased and no stores are franchised or operated by others. Sales: $848.0 million ended 1-31-87 ($647.3 million in 1986). Income: $68.1 million or $1.93 a share ($34.4 million or $1.01, restated). Dividends: 31 cents a share (13.9 cents, restated). Per share figures reflect two-for-one stock split in June 1986. Assets: $363.9 million. Employees: total 12,000; California 1,750. Headquarters: 900 Cherry Ave., San Bruno 94066. Chairman and chief executive: Donald G. Fisher. President: Millard S. Drexler. 1986 rank: 8 (The Gap Stores Inc.). NYSE, PSE

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7 Ross Stores Inc. (1957) Operates a national chain of 121 off-price retail stores offering first-quality, in-season, branded apparel and apparel-related merchandise for the entire family. Sales: $534.4 million ended 1-31-87 ($375.9 million in 1986). Income: loss of $41.4 million or $1.61 a share (profit of $7.1 million or 30 cents). Assets: $264.3 million. Employees: total 5,000; California 2,500. Headquarters: 8333 Central Ave., Newark 94560. Chairman and chief executive: Stuart G. Moldaw. President: Norman A. Ferber. 1986 rank: 10. OTC

8 Businessland Inc. (1982) A national automation marketing company which integrates microcomputer products from a variety of manufacturers into systems tailored to specific customer needs. Its sales force operates out of company-owned product centers located across the United States. Also offers end-user training and after-sale support and service. Sales: $511.8 million year-end 1986 ($351.0 million in 1985). Income: $5.4 million or 23 cents a share ($2.9 million or 14 cents). Assets: $230.6 million. Employees: total 2,000; California 700. Headquarters: 1001 Ridder Park Dr., San Jose 95131. Chairman, president and chief executive: David A. Norman. 1986 rank: none. OTC

9 The Federated Group Inc. (1970) Retailers of home entertainment and consumer electronics products through a chain of 65 stores offering a wide selection of high quality, nationally recognized brand name merchandise at prices competitive with discount and other retailers. Sales: $416.1 million ended 11-30-86 ($336.7 million in 1985). Income: $3.2 million or 29 cents a share ($13.9 million or $1.27). Assets: $211.8 million. Employees: total 2,600; California 1,750. Headquarters: 5655 E. Union Pacific Ave., Commerce 91355. Chairman and chief executive: Wilfred Schwartz. President: Keith Powell. 1986 rank: none. OTC

10 Arden Group Inc. (1933) Supermarket chain which operates 28 stores in three western states; manufactures, leases and distributes message transmission equipment and manufactures swimming pool supplies. Sales: $398.8 million ended 1-3-87 ($415.9 million ended 12-28-85). Income: $4.6 million or $1.89 a share ($5.7 million or $2.29). Assets: $123.6 million. Employees: total 2,600; California 2,230. Headquarters: 2020 S. Central Ave., Compton 90220. Chairman: Curtis H. Palmer. President and chief executive: Bernard Briskin. 1986 rank: 9. OTC

To be included in The Times roster, companies must have their principal headquarters in California and, with the exception of certain financial institutions, their stock must be publicly held. Limited partnerships with publicly traded stock are included. The requirements eliminate many companies in the state generating billions of dollars in sales and profits, because their head offices are located outside California or because they are privately owned.


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