Are Newspapers Destined for Kindling?
By Tim Beyers May 4, 2009
TheMotleyFool.com
Amazon has remained a force to be reckoned with during these economic hard times. While businesses are folding left and right the online retailer continues to see stock prices rise. Amazon’s stocks have risen by fifty percent since January. With the recent hard times that the newspaper has been enduring, Amazon CEO Jeff Bezos, thinks he may have the answer to the newspaper industry’s problem, the Kindle. The daily newspaper would be electronically sent to the Kindle, and read from there. But Amazon will soon have competition with the Kindle from Apple. Apple plans to introduce a “tablet Mac that would, among other things, have a built-in e-reader similar to what the Kindle offers.”…. “A glossy screen, stylish graphics, and ,….handwriting recognition a la the cultish Newton personal digital assistant.”
Either way I think the new technology will be welcomed in the newspaper industry. It may help keep more newspapers afloat and is environmentally friendly, seeing as it uses no paper.
Monday, May 4, 2009
Bendel's Focuses on New Strategy
Bendel's Focuses on New Strategy
by Sharon Edelson
Posted Thursday April 30, 2009
Last Edited Friday May 01, 2009
From WWD Issue 05/01/2009
Henri Bendel is trying to get out of the apparel business. The store wants to focus more so on it’s three key components; accessories, beauty, and gifts. These areas are the most profitable for the retailer. It makes sense for Henri Bendel to focus in on what it is good at in the midst of this unpredictable economy. Seeing as how profits are more important now than ever. One of the strategies that Bendel plans to implement is to down size the flagship store, with the other four mall locations to follow later on in this year. Six more stores will open up this year and carry the main three profit makers as well as Henri Bendel name brand products. CEO of Henri Bendel, Ed Bucciarelli, states that by refocusing on the big three the brand can become national and international and hopefully gross $1 billion.
by Sharon Edelson
Posted Thursday April 30, 2009
Last Edited Friday May 01, 2009
From WWD Issue 05/01/2009
Henri Bendel is trying to get out of the apparel business. The store wants to focus more so on it’s three key components; accessories, beauty, and gifts. These areas are the most profitable for the retailer. It makes sense for Henri Bendel to focus in on what it is good at in the midst of this unpredictable economy. Seeing as how profits are more important now than ever. One of the strategies that Bendel plans to implement is to down size the flagship store, with the other four mall locations to follow later on in this year. Six more stores will open up this year and carry the main three profit makers as well as Henri Bendel name brand products. CEO of Henri Bendel, Ed Bucciarelli, states that by refocusing on the big three the brand can become national and international and hopefully gross $1 billion.
Sunday, May 3, 2009
Abercrombie & Fitch cutting 170 jobs at HQ
Abercrombie & Fitch cutting 170 jobs at HQ
Business First of Columbus - by Dan Eaton
Abercrombie & Fitch has decided to cut 170 jobs at their headquarters in Columbus, Ohio. The company has stated that by cutting the jobs it will continue to stay committed to improving its efficiency. Abercrombie & Fitch has already cut fifty jobs at its headquarters this past January. I do expect that the retailer will continue to cut jobs more as the recession worsens throughout the year. They have already experienced a thirteen percent decrease in sale during their 2008 fiscal year sales. This past February and March the retailer reported sales declines of thirty and thirty-four percent.
Business First of Columbus - by Dan Eaton
Abercrombie & Fitch has decided to cut 170 jobs at their headquarters in Columbus, Ohio. The company has stated that by cutting the jobs it will continue to stay committed to improving its efficiency. Abercrombie & Fitch has already cut fifty jobs at its headquarters this past January. I do expect that the retailer will continue to cut jobs more as the recession worsens throughout the year. They have already experienced a thirteen percent decrease in sale during their 2008 fiscal year sales. This past February and March the retailer reported sales declines of thirty and thirty-four percent.
Chico's: Look Out Below!
Chico's: Look Out Below!
By Alyce Lomax April 20, 2009
There is bad news for Chico’s stores. It has seen steadily decline in its stocks. Analysts say that they see no sign of improvement anytime soon. The last time that the retailer had an increase in sales was in 2006. This is tragic seeing as how they had seen steadily increase in profits before 2006 on an annual basis. The store has also been struggling to reconnect with its targeted customer for a while now with no success. But the competition, which there is plenty of, has done a great job of taking customers from Chico’s. Although the store has no debt they are not making any profits, and the bottom line is to make profit. This is probably why so many investors invested the money that they did into the retailer. But the fact that the store doesn’t have any debt is not the only factor to consider when investing money into businesses.
By Alyce Lomax April 20, 2009
There is bad news for Chico’s stores. It has seen steadily decline in its stocks. Analysts say that they see no sign of improvement anytime soon. The last time that the retailer had an increase in sales was in 2006. This is tragic seeing as how they had seen steadily increase in profits before 2006 on an annual basis. The store has also been struggling to reconnect with its targeted customer for a while now with no success. But the competition, which there is plenty of, has done a great job of taking customers from Chico’s. Although the store has no debt they are not making any profits, and the bottom line is to make profit. This is probably why so many investors invested the money that they did into the retailer. But the fact that the store doesn’t have any debt is not the only factor to consider when investing money into businesses.
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