Winn-Dixie to Close 30 Stores, Reduce Staff in Cost-Cutting Plan
Winn-Dixie Stores (WINN) will close 30 stores and reduce staff as part of a multi-million dollar cost-cutting plan.
The company plans to eliminate 120 positions on top of those directly related to the store closure, Winn-Dixie said in a statement. The annualized savings will be in the range of $12 million to $17million and begin to be realized after the end of the first quarter of fiscal 2011.
“We…
Continue reading Winn-Dixie to Close 30 Stores, Reduce Staff in Cost-Cutting Plan
Winn-Dixie to Close 30 Stores, Reduce Staff in Cost-Cutting Plan originally appeared on DailyFinance on Wed, 28 Jul 2010 07:31:00.
Filed Under: Company News, Economy, Earnings, Retail
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Winn-Dixie to Close 30 Stores, Reduce Staff in Cost-Cutting Plan
Tags: economy, filed-under, fiscal-2011-, reaffirms-guidance, realized-after, retail, retailer, stores, wells-fargo
More Nexus One units appearing on retail shops
May 26, 2010 Object
I Wireless, a T-Mobile affiliate, recently showed off a Nexus One as part of their line up. This retailer is just one of the many that have started to offer the Android smartphone from Google. The $300 Android phone is available after a mail-in rebate of $50 and a $350 …
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More Nexus One units appearing on retail shops
Tags: 350-, android, available-after, google, line, nexus, offer-the, offer-the-android, recently-showed, retailer, smartphone-from, wireless
Stocks in the News: Palm, CIGNA, Teva, Borders
The following is a round-up of the most active gainers and losers from Friday’s trading session:
Best Buy (BBY) increased 1.3%, or 54 cents per share, after analysts boosted their ratings for the retailer from neutral to buy on indications it could benefit from an economic recovery.
Google (GOOG) sunk 1%, or $6.37 per share, as reports surfaced this week that the Internet search engine will exit…
Continue reading Stocks in the News: Palm, CIGNA, Teva, Borders
Stocks in the News: Palm, CIGNA, Teva, Borders originally appeared on DailyFinance on Fri, 19 Mar 2010 17:15:00.
Filed Under: Ford Motor Co., Google , Pfizer, Bank of America, CIGNA Corporation, United Health, Palm, Barnes & Noble
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Stocks in the News: Palm, CIGNA, Teva, Borders
Tags: bank of america, boosted-their, filed-under, health, internet, retailer, stocks, united-health
States’ ‘Amazon Tax’ Seems to Hurt Revenue, Not Boost It
With skyrocketing budget shortfalls, cash-strapped states see Amazon affiliates as a sales-tax cash cow. But the measures don’t seem to work — and the retailer is firing back.
Continue reading States’ ‘Amazon Tax’ Seems to Hurt Revenue, Not Boost It
States’ ‘Amazon Tax’ Seems to Hurt Revenue, Not Boost It originally appeared on DailyFinance on Mon, 08 Mar 2010 15:26:00.
Filed Under: Company News, Amazon.com Inc., Taxes, Retail, Books
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States’ ‘Amazon Tax’ Seems to Hurt Revenue, Not Boost It
Tags: a-sales-tax-cash, amazon, amzn, are-determined, democrats, img-hspace, insure-everyone, president, retailer, states-see
Sears and Kmart to Close Some Stores This Spring
Sears Holdings plans to close down eight Sears stores and 13 Kmarts in April and May, laying off nearly 1,000 employees, according to news reports. Sears and Kmart have been suffering from low sales, even while they still have a number of brands that are popular with shoppers.
Continue reading Sears and Kmart to Close Some Stores This Spring
Sears and Kmart to Close Some Stores This Spring originally appeared on DailyFinance on Mon, 22 Feb 2010 13:45:00.
Filed Under: Company News, JC Penney, Sears Holdings Corp., Wal-Mart Stores, Target Corp., Retail
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Sears and Kmart to Close Some Stores This Spring
Tags: bac, close-some, evidence, filed-under, from-the-market, kss, latest-legal, retail, retailer, sears, stores, target-corp-, wmt
Abercrombie Reports Another Weak Quarter, but Sees Recovery in 2010
Abercrombie & Fitch posted another down quarter, but management vowed the retailer has bottomed out and will begin showing improvement this year, thanks to expansion abroad and more belt-tightening at home.
Continue reading Abercrombie Reports Another Weak Quarter, but Sees Recovery in 2010
Abercrombie Reports Another Weak Quarter, but Sees Recovery in 2010 originally appeared on DailyFinance on Tue, 16 Feb 2010 11:30:00.
Filed Under: Company News, Earnings, Retail
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Abercrombie Reports Another Weak Quarter, but Sees Recovery in 2010
Tags: begin-showing, creation, credit-default, down-quarter, filed-under, latest-attempt, quarter, recovery, reports, retailer
Abercrombie Reports Another Weak Quarter, but Sees Recovery in 2010
Abercrombie & Fitch posted another down quarter, but management vowed the retailer has bottomed out and will begin showing improvement this year, thanks to expansion abroad and more belt-tightening at home.
Continue reading Abercrombie Reports Another Weak Quarter, but Sees Recovery in 2010
Abercrombie Reports Another Weak Quarter, but Sees Recovery in 2010 originally appeared on DailyFinance on Tue, 16 Feb 2010 11:30:00.
Filed Under: Company News, Earnings, Retail
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Abercrombie Reports Another Weak Quarter, but Sees Recovery in 2010
Tags: abercrombie, aeo, anf, aro, but-management, death-toll, posted-another, reports, retail, retailer, street
With U.S. Debt Rising, Why Is the Dollar Stronger?
Feb 16, 2010 Object
With the U.S. deficit forecast to hit $1.54 trillion in 2010 and the national debt at $12.3 trillion, why would anyone want to own the dollar? Yet somehow, it has risen to an eight-month high relative to the euro, a shift that will alter the global economic climate if it persists.
Continue reading With U.S. Debt Rising, Why Is the Dollar Stronger?
With U.S. Debt Rising, Why Is the Dollar Stronger? originally appeared on DailyFinance on Tue, 16 Feb 2010 11:05:00.
Filed Under: Economy, Investing
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With U.S. Debt Rising, Why Is the Dollar Stronger?
Tags: aro, dollar, dollar-stronger, economy, entry, european-union, global, reports, retail, retailer
ThrottleGate: Toyota will now send needed pedal repair components directly to dealers
Filed under: Government/Legal, Plants/Manufacturing, Recalls, Safety, Toyota
In an effort to stem the flow of potentially defective accelerator pedal parts at the source, Toyota announced earlier this week that replacement pedal components had begun shipping directly to its factories. While the announcement was a welcome step in the right direction towards a long-term resolution, Toyota retail dealers - face-to-face with millions of concerned customers seeking a fix - were understandably angered that the automaker had apparently left them out of the loop.
That changed late Frida, when Toyota announced that gas pedal parts had started shipping directly to the dealers too. Brian Lyons, Toyota company spokesman, said the parts “are on their way to the dealers in preparation for the recall launch.” The so-called “recall launch” will be more clearly defined next week when the automaker officially announces how it intends to solve the problems potentially affecting 4.2 million of its vehicles worldwide.
Right now, Toyota’s “solution” (reportedly involving shims) is being reviewed by the National Highway Traffic Safety Administration - they presented it to the NHTSA on Thursday - which must approve it before the automaker moves forward. Even then, Toyota will need to train dealers and mechanics on how to make the repairs and educate vehicle owners on the process.
[Source: WFFA.com, Associated Press]
ThrottleGate: Toyota will now send needed pedal repair components directly to dealers originally appeared on Autoblog on Sat, 30 Jan 2010 01:28:00 EST. Please see our terms for use of feeds.
Tags: a-will-need, a-will-now, announcement, news, recall, recalls-tsbs, retailer, throttle, toyota fix, toyotaacceleratorpedal, toyotadealers
Oh, Never Mind: Walmart Won’t Sell Google Nexus One Smartphone
Sorry, Walmart Nation: Google’s Nexus One smartphone won’t be coming to your local superstore after all. The nation’s largest retailer suffered an embarrassing snafu Tuesday after a page appeared on walmart.com advertising Google’s (GOOG) new Nexus One smartphone as “coming soon.” But Google says it has no plans to sell the phone through Walmart (WMT), and the retailer says a partner erroneously posted the page.
Continue reading Oh, Never Mind: Walmart Won’t Sell Google Nexus One Smartphone
Oh, Never Mind: Walmart Won’t Sell Google Nexus One Smartphone originally appeared on DailyFinance on Wed, 27 Jan 2010 16:44:00.
Filed Under: Company News, Technology, Retail
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Oh, Never Mind: Walmart Won’t Sell Google Nexus One Smartphone
Tags: around-the-web, dismissal, entry, from-the-public, goog,wmt,dt, local, mercury, quarter-results, retail, retailer, sell-the-phone, smartphone-won, tablet, walmart-nation, wmt
