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After receiving a B.A. in political science from Johns Hopkins in 1957, Bernstein went to work full-time on the sales staff at Meisel.
To obtain more cash for growth, Couri and Bernstein tried to take their company public in 1987.
He placed a framed copy of the check on his office wall next to a letter of apology from the underwriter of the failed 1987 issue.
By 1988, just five years after its inception, Duty Free International was racking up $69 million in annual sales and generating earnings of nearly $6 million.
The company’s costs had gotten beyond it, and Duty Free shut 23 of its stores and slashed its work force from 2,000 to 1,800 at the end of 1994.
By the close of 1996, Duty Free had better news to report.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Rainbow International | 1981 | $213.7M | 1,750 | 218 |
| Spec's | 1965 | - | 540 | 106 |
| PUMA | 1948 | $5.9B | 14,332 | - |
| Sees | - | $4.7M | 42 | 198 |
| Wall Mart Services | 2015 | $8.7M | 97 | - |
| gen-E | 1999 | $47.0M | 50 | - |
| TODA | 1999 | $212.1K | 5,568 | - |
| Cherry Hill Photo Enterprises | 1961 | $720,000 | 10 | 588 |
| Mulhall's | 1956 | $17.5M | 104 | 8 |
| Nuts.com | 1999 | $110.0M | 750 | 12 |
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Ueta Inc. may also be known as or be related to UETA, Ueta and Ueta Inc.