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This article was originally published in The Tan Sheet

Executive Summary

James Hornthal named chairman, e-tailer announces June 15. Hornthal has been a director since co-founding firm in 1996. Also, firm announces plans to close six retail locations in D.C. metro area by end of June. End of retail operations is part of company's plan to break even by 2002 (1"The Tan Sheet" Feb. 19, p. 9)

You may also be interested in... Third Quarter Break-Even Predicted's operations will break even before October, Chairman and CEO Albert Greene predicted in a Feb. 14 analysts call.

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