Handleman Company (Handleman) operates as a category manager, and distributor of prerecorded music and console video game hardware, software and accessories to retailers in the United States, United Kingdom and Canada. During fiscal year ended May 3, 2008 (fiscal 2008), Handleman operated in three business segments: category management and distribution operations, video game operations and all other. As a category manager and distributor of product, the Company created value for its customers by leveraging its core competencies of logistic services, field services and intellectual services. Handleman’s other operations include Crave Entertainment Group, Inc. (Crave) and REPS LLC (REPS). On June 2, 2008, Handleman announced that it exited the music business in North America and that it sold a portion of its United States inventory and its United States music business related to Wal-Mart Stores, Inc. (Wal-Mart) to Anderson Merchandisers L.P. (Anderson).
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