Source Interlink Companies, Inc. (NASDAQ:SORC)
Industry: Services
Source Interlink Companies, Inc. (Source Interlink) is engaged in distributing magazines to specialty and mainstream retailers. The Company operates into two business units: Supply Chain Management and In Store Services. The Supply Chain Management unit offers an array of products and services, including product procurement, fulfillment services and category-management services. The In Store Services group provides rebate and other incentive payment collection, information services, and display fixture design and manufacture. Source Interlink offers products and services to assist retailers and manufacturers of digital versatile disks (DVDs), compact disks (CDs), magazines, confections and general merchandise in marketing their products to consumers visiting the more than 110,000 store fronts it serves. Barnes & Noble, Inc. and Borders Group, Inc. accounted for 28.7% and 24.5%, respectively, of the Company's total revenues during the fiscal year ended January 31, 2005. On February 28, 2005, Source Interlink completed the merger with Alliance Entertainment Corp. (Alliance), a logistics and supply chain-management services company for the home entertainment product market. Prior to its merger with Alliance, Source Interlink's business consisted of four business segments: Magazine Fulfillment, In-Store Services, Wood Manufacturing and Shared Services. Supply Chain Management Through Source Interlink's relationships with record labels, film studios, magazine publishers and other producers of home entertainment content, it can offer retail clients the ability to display various DVD, CD and magazine titles in the United States and a selection of foreign-titled magazines. To maintain the order-fill rate demanded by its clients, the Company has established an in stock catalog of approximately 300,000 CD titles and approximately 100,000 DVD titles. Source Interlink purchases home entertainment content from record labels typically on a fully returnable basis. Products are received at distribution centers located in Harrisburg, Pennsylvania; Coral Springs, Florida; Shepherdsville, Kentucky; Dallas, Texas, and Carson City, Nevada. At each of these distribution points, the Company processes merchandise orders using warehouse-management systems. Once filled, orders are shipped to retailers by a combination of third-party freight carriers, and in certain high-volume locations, in-house truck delivery. Source Interlink is capable of delivering home entertainment content overnight to virtually any location within the continental United States. Source Interlink's offers value-added fulfillment services, including next-day order delivery, ready-for-shelf inventory preparation (such as price labeling and security device placement) and a variety of electronic data interchange tools. Most customers utilizing the fulfillment services are brick and mortar retailers seeking support for their e-commerce initiatives in the DVD and CD markets. For these clients, which include barnesandnoble.com, amazon.com and bestbuy.com, the Company offers an e-commerce platform, which includes direct customer product delivery, real-time inventory querying and commitment capabilities, credit card processing and settlement services, custom packaging, promotional inserts and customer care services. Other fulfillment services clients furnish magazines to Source Interlink, rather than purchasing the product from it, which it packages into individual orders and ship directly to individual retail outlets. For retailers seeking a total merchandising solution, Source Interlink offers category-management services that include product selection and preparation, fixturing, in-store stocking and replenishment, marketing and promotional program development, and inventory control. Source Interlink's Supply Chain Management group competes with Anderson News Company, Anderson Merchandisers, L.P., Hudson News Company, News Group, Ingram Book Group, Inc., Ingram Entertainment, Inc., Handleman Company and Baker & Taylor, Inc. In Store Services Sourc
As Of: 10/07 00:00 ET
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