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Non-Tech : BKST , positive outlook.

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To: Igor Borodine who wrote (2)12/21/1998 11:35:00 AM
From: Igor Borodine   of 13
 
Brookstone Inc is presently remodeling a majority of its 179 outlets. The chain,
which was created in 1965 as a cataloger focusing on hard-to-find tools, has since
pursued novelty products. Michael Anthony, Brookstone's chief executive, wants his
outlets to be similar to department stores, with massage products in one area and
travel-related products in another. The setting up of 50 "seasonal" outlets is
expected in summer 1998. Brookstone's net income in FY ending 1/31/98 totaled
$7.3 mil, up 25% vs the prior FY, on revenues of $240 mil, up 10%. Sales are
expected to be $266 mil in FY ending 1/31/99. Sharper Image, a Brookstone
competitor, generated earnings of $590,000 in FY98 on revenues of $217 mil for its
85 outlets and catalog operations. Detail is given to a profile of Michael Anthony.
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