BENCHMARKS REPORT

Industry Measure: Company Level Data
| SIC: | 5961 |
| INDUSTRY: | CATALOG, MAIL-ORDER HOUSES |
| BENCHMARKS FOR THE INDUSTRY |
| NO. OF SEGMENTS REPORTING IN THE INDUSTRY: 58 |
|
1997 SALES FOR THE INDUSTRY: $ 28943 (Total Sales in $Millions) |
|
OPERATING MARGIN: 2.7 (EBIT (divided by) Sales) |
|
CAPITAL INTENSITY: 42.8 (Sum of Total Debt plus Shareholder Equity (divided by) Sales) |
|
SALES GROWTH: 34.6 (Compound 3-Year Growth Rate in Sales for the Median Participant in the Industry) |
| BENCHMARKS FOR THE TOP FOUR COMPETITORS |
| ROE: Net Profits (divided by) Total Shareholder Equity RONCE: EBIT (divided by) Sum of Total Debt plus Shareholders' Equity |
| Competitor/Rank by Sales |
Market Share (% Ind. Sales) |
ROE | RONCE |
| #1: CORPORATE EXPRESS INC |
11.0 | 6.1 | 7.7 |
| #2: SPIEGEL INC -CL A |
10.3 | -5.8 | 1.3 |
| #3: U S OFFICE PRODUCTS CO |
9.8 | 6.4 | 9.6 |
| #4: MICRO WAREHOUSE INC |
7.3 | -10.5 | -10.0 |
| Total of #1-4: | 38.5 | 4.4 | 6.3 |