0000897101-01-500628.txt : 20011009
0000897101-01-500628.hdr.sgml : 20011009
ACCESSION NUMBER: 0000897101-01-500628
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20010927
ITEM INFORMATION: Other events
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20010927
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: APPLIANCE RECYCLING CENTERS OF AMERICA INC /MN
CENTRAL INDEX KEY: 0000862861
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-HOME FURNITURE, FURNISHINGS & EQUIPMENT STORES [5700]
IRS NUMBER: 411454591
STATE OF INCORPORATION: MN
FISCAL YEAR END: 0103
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-19621
FILM NUMBER: 1746469
BUSINESS ADDRESS:
STREET 1: 7400 EXCELSIOR BLVD
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55426-4502
BUSINESS PHONE: 6129309000
MAIL ADDRESS:
STREET 1: 7400 EXCELSIOR BLVD
CITY: NINNEAPOLIS
STATE: MN
ZIP: 554264517
8-K
1
arca013791_8k.txt
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: September 27, 2001
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(Date of earliest event reported)
APPLIANCE RECYCLING CENTERS OF AMERICA, INC.
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(Exact name of registrant as specified in its charter)
MINNESOTA 000-19621 41-1454591
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(State or other jurisdiction of Commission (I.R.S. Employer
incorporation or organization) File No. Identification No.)
7400 EXCELSIOR BOULEVARD
MINNEAPOLIS, MN 55426-4517
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(Address of principal executive offices)
(952) 930-9000
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(Registrant's telephone number, including area code)
Item 5. Other Events.
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On September 25, 2001, Appliance Recycling Centers of America, Inc.
issued a press release announcing that it plans to open an ApplianceSmart
Factory Outlet in Apple Valley, Minnesota in October.
Item 7(c). Exhibits.
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99 Press Release dated September 25, 2001, announcing its plans to open an
ApplianceSmart Factory Outlet in Apple Valley, Minnesota in October.
Date: September 27, 2001 /s/Linda Koenig
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Linda Koenig, Controller
EX-99
3
arca013791_ex-99.txt
PRESS RELEASE
[LOGO] APPLIANCE RECYCLING CENTERS OF AMERICA, INC.
ARCA 7400 EXCELSIOR BOULEVARD, MINNEAPOLIS MN 55426 (952) 930-9000
INCORPORATED
FOR IMMEDIATE RELEASE FOR MORE INFORMATION CONTACT:
Edward R. (Jack) Cameron (952) 930-9000
Richard G. Cinquina, Equity Market Partners
(612) 338-0810
ARCA ANNOUNCES PLANS TO OPEN APPLIANCESMART FACTORY OUTLET
IN APPLE VALLEY, MINNESOTA, IN OCTOBER
NEW APPLIANCESMART EXPECTED TO BE LARGEST APPLIANCE SHOWROOM IN MIDWEST
SEPTEMBER 25, 2001--MINNEAPOLIS, MN--Appliance Recycling Centers of America,
Inc. (OTC BB: ARCI) today announced that it will open a 49,000-square-foot
ApplianceSmart superstore outlet on October 12 in a retail complex in Apple
Valley, Minnesota, a southern suburb of the Minneapolis/St. Paul metropolitan
area.
Located at 7370 West 153rd Street in Apple Valley, or one block south of the
intersection of Cedar Avenue and Highway 42, the new superstore will be
ApplianceSmart's ninth nationally and fourth in the Twin Cities. The Apple
Valley factory outlet, which will be the fourth ApplianceSmart opened in 2001,
is believed to be the largest appliance showroom in the Midwest and one of the
largest in the nation.
Like all ApplianceSmart outlets, the Apple Valley location will carry a wide
range of special-buy major household appliance brands, including closeouts,
factory overruns and discontinued models. ApplianceSmart sells these virtually
new appliances at a discount to retail.
Edward R. (Jack) Cameron, president and chief executive officer, commented: "We
believe our new Apple Valley outlet will benefit from its excellent,
high-traffic retail location, which includes such neighboring stores as Cub
Foods, Target, K-Mart, Best Buy and OfficeMax. The size of this ApplianceSmart
outlet also will enable us to provide customers with unprecedented selection. At
the time of its opening, this store will have approximately 4,000 high-quality,
special-buy
appliances on its showroom floor. In addition, this expansion is important from
a strategic standpoint, since this will be our first ApplianceSmart in the large
south suburban market of the Twin Cities. Equally key, with four outlet stores
in the Minneapolis/St. Paul market, we are now developing a critical mass that
will enable us to leverage advertising and other overhead expenses."
The Company previously reported that same-store sales for the second quarter of
2001 ended June 30, a comparison of the four ApplianceSmart outlets open during
the entire second quarters of 2001 and 2000, increased 22%.
As of September 2001, ApplianceSmart was operating three stores in the
Minneapolis/St. Paul market; two in the Dayton, Ohio, market; two in the
Columbus, Ohio, market; and one in Los Angeles.
ABOUT ARCA
Through its ApplianceSmart operation, ARCA is one of the nation's leading
retailers of special-buy household appliances. These special-buy appliances,
which typically are not integrated into the manufacturer's normal distribution
channel, are sold by ApplianceSmart at a discount to full retail. ApplianceSmart
offers a 100% money-back guarantee as well as warranties on parts and labor.
ARCA is also one of the nation's largest recyclers of major household appliances
for the energy conservation programs of electric utilities.
# # #
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Statements about ARCA's outlook are forward-looking and involve risks and
uncertainties, including but not limited to: the speed at which individual
ApplianceSmart outlets reach profitability, the growth of appliance retail
sales, the strength of energy conservation recycling programs, and other factors
discussed in the Company's filings with the Securities and Exchange Commission.
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Visit our web site at www.arcainc.com
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