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2008
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November
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- Business Closings
- Business Website Design
- Business Closings
- Profit and Loss Report Tips
- MS International Stone Distribution Center Opening...
- Gamefly Distribution Center Opening in SouthEast
- Auto Manufacturers No Bailout?
- Despite Ailing Economy Muscle Cars Thrive
- U.S. Blocks Chinese Milk Products FDA Puts Burden ...
- Unemployment Summary Nov. 08
- Orthopedic Clinics Unaffected By Credit Crunch
- Credit Crisis-Circuit City Humpday Liquidation
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November
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Business Closings
Business Website Design
Business Closings
- Ann Taylor closing 117 locations
- Lane Bryant, Fashion Bug, Catherines closing 150 locations
- Eddie Bauer closing 27 locations
- Talbots closing all locations
- Gap closing 85 locations
- Footlocker closing 140 locations
- Zales closing 187 locations by January
- Disney closing 98 locations
- Home Depot closing 15 locations
- Linens and Things closing all locations
- Movie Gallery closing all locations
- Pacific Sunwear closing all locations
- Pep Boys closing 33 locations
- Sprint/Nextel closing 133 locations
- JC Penney closing undisclosed number of locations
- KB Toys closing 356 locations
Profit and Loss Report Tips
MS International Stone Distribution Center Opening in Houston
MS International, Inc., a natural stone distribution company, has opened a new distribution center. The new center is located in Houston, Texas. The new center is located on 12 acres of land with 180,000 square feet to hold the distribution center and showroom. The center became fully operational June of 2008.
The location of the new distribution center in Houston allows the company to better serve it's customers in this part of the country. The CEO of MS International states, “with the opening of Houston, MSI will be able to efficiently distribute natural stone products across the important Southwest and Midwest markets. …The new facility will enable MSI to maintain among the largest inventories in the Southwest.”
Gamefly Distribution Center Opening in SouthEast
A new distribution center is opening in the southeast for Gamefly ( www.gamefly.com ). This new center will help those who are registered with Gamefly to receive their games faster. The new center is located in Tampa, Florida.
Like Blockbuster and Netflix, Gamefly rents out video games. A unique concept with Gamefly is the "keep it" option which allows game users to buy the game they are renting. With this option, once you buy the game, you will be mailed the box and manual it came in that Gamefly keeps stored once the actual disc is removed to be sent as a rental to its customers.
Gamefly has over 5,000 game titles to choose from. You can choose from a wide array of game systems such as PS2 and Xbox among others.
Auto Manufacturers No Bailout?
Despite Ailing Economy Muscle Cars Thrive
U.S. Blocks Chinese Milk Products FDA Puts Burden on Importers
Prove you are importing a 'safe' milk related product (and take on the liability of that proof) and the FDA will release your shipment into the United States. On your mark, get ready, set, go....
Not in such a hurry? Who can blame you.
The US and the FDA are showing their ineffectuality both in their 100% ban and in pushing the burden not on their own regulators and testers that are too under staffed to make a difference, but to importers of record.
Federal food safety officials yesterday began holding up shipments of food from China that contain milk or milk-derived ingredients in the largest effort to date to keep products tainted with the industrial chemical melamine from reaching U.S. consumers.
The Food and Drug Administration is requiring importers of the halted shipments to test for the chemical, which is used to make plastic and fertilizer but has been added to human and animal food to boost protein readings. The types of products likely to be waylaid are cookies, candies, and other goods made with milk or milk powder.
If an importer can prove his product is not tainted, FDA will release it, said Steve Solomon, the agency's deputy associate commissioner for compliance and policy. The agency also will step up its testing of products already on the market.
The obvious flaw in this action is that there will still be some importers that will route these products through other countries and use false information, documentation or whatever it takes to move their goods, defective or not.
This may block the easy items, but the hard work has yet to be done.
Unemployment Summary Nov. 08
Orthopedic Clinics Unaffected By Credit Crunch
Credit Crisis-Circuit City Humpday Liquidation
So Circuit City Announced that they will be starting with a 155 store liquidation. They will sell all the goods in 155 stores starting Wednesday and then close the doors on those stores. (list of stores http://files.shareholder.com/…20List.pdf )
The company is in serious trouble, will likely be delisted off the stock exchange and bankruptcy is expected by most analysts.
As I look into this, I do not see news in Circuit City's actions. That was little more than a foregone conclusion a few weeks ago if not further back.
However, the key item to watch here is the credit crunch hitting Circuit City's suppliers.
http://online.wsj.com/…92633.html