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BUSINESS
November 13, 1999 | E. Scott Reckard
Spar Group Inc., an Irvine marketing company, said Friday that its stock will begin trading on Nasdaq's SmallCap Market beginning Monday, instead of on the Nasdaq National Market. Spar Group, created when Irvine-based PIA Merchandising Services merged with Spar Cos. of Tarrytown, N.Y., said accounting adjustments after the transaction had left its net tangible assets below Nasdaq's threshold for a National Market listing. Trading will continue uninterrupted under the symbol SGRP.
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BUSINESS
November 13, 1999 | E. Scott Reckard
Spar Group Inc., an Irvine marketing company, said Friday that its stock will begin trading on Nasdaq's SmallCap Market beginning Monday, instead of on the Nasdaq National Market. Spar Group, created when Irvine-based PIA Merchandising Services merged with Spar Cos. of Tarrytown, N.Y., said accounting adjustments after the transaction had left its net tangible assets below Nasdaq's threshold for a National Market listing. Trading will continue uninterrupted under the symbol SGRP.
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BUSINESS
March 2, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
PIA Merchandising Services Inc. said Monday that it has struck a deal with a New York competitor to form one of the largest marketing and retail merchandising support operations in the nation. Irvine-based PIA, which performs tasks such as making sure clients' products are properly displayed on store shelves, will merge with SPAR Group, a privately held collection of smaller companies that serves the same customer base. Under the agreement, PIA will issue 12.
BUSINESS
March 2, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
PIA Merchandising Services Inc. said Monday it has struck a deal with a New York competitor to form one of the largest marketing and retail merchandising support operations in the nation. Irvine-based PIA, which performs tasks such as making sure clients' products are properly displayed on store shelves, will merge with SPAR Group, a privately held collection of smaller companies that serves the same customer base. Under the agreement, PIA will issue 12.
BUSINESS
March 2, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
PIA Merchandising Services Inc. said Monday it has struck a deal with a New York competitor to form one of the largest marketing and retail merchandising support operations in the nation. Irvine-based PIA, which performs tasks such as making sure clients' products are properly displayed on store shelves, will merge with SPAR Group, a privately held collection of smaller companies that serves the same customer base. Under the agreement, PIA will issue 12.
BUSINESS
August 3, 1999
The Irvine marketing company recorded a net loss of $2.5 million, or 45 cents a share, for the second quarter ended July 2, contrasted with net income of $76,000, or 1 cent a share, for the 1998 second quarter. Revenue was down 37% to $21.2 million. On July 8, PIA merged with SPAR Cos. to form SPAR Group Inc., based in New York.
BUSINESS
May 13, 1999
PIA Merchandising Services Inc.: The Irvine supplier of merchandising services reported a net loss of $3.3 million, or 61 cents a share, for the first fiscal quarter, ended April 2, which included $800,000 in severance and merger-related costs. A year earlier, the company lost $1 million, or 19 cents a share. Revenue declined 38% to $21.6 million from $34.7 million. During the first quarter, PIA and SPAR Group, based in Tarrytown, N.Y.
BUSINESS
March 12, 1999
PIA Merchandising Services Inc., Irvine supplier of merchandising services, narrowed its losses in the fourth quarter, as revenue declined 30%. The company said it lost $2.9 million, or 54 cents a share, compared with a net loss of $6.5 million, or $1.21 a share, for the same period last year. Revenue for the quarter ended Jan. 1 declined to $23.3 million from $33.2 million. For the year, the company posted a net loss of $4.3 million, or 78 cents a share, compared with a net loss of $15.
BUSINESS
March 3, 1999 | Leslie Earnest
PIA Merchandising Services Inc. shares surged 29% Tuesday, a day after the company announced it was merging with a New York competitor. Shares rose $1.13 to $5, the highest level since September. About 109,000 shares were traded, more than six times the daily average over the last three months.
BUSINESS
March 2, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
PIA Merchandising Services Inc. said Monday that it has struck a deal with a New York competitor to form one of the largest marketing and retail merchandising support operations in the nation. Irvine-based PIA, which performs tasks such as making sure clients' products are properly displayed on store shelves, will merge with SPAR Group, a privately held collection of smaller companies that serves the same customer base. Under the agreement, PIA will issue 12.
BUSINESS
August 15, 1999 | CAROL J. WILLIAMS, TIMES STAFF WRITER
There is no greeter at the door or bagger at the checkout, and the "Wertkauf" sign towering over the parking lot offers no clue that the giant store in this Frankfurt suburb is among the newest members of the worldwide family of Wal-Mart. As the world's No. 1 retailer takes on Europe's No. 1 market, the merchandising missionaries of Wal-Mart have discovered they are best advised to go slowly in confronting German consumers with their ardent friendliness and their price-is-paramount credo.
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