Snap judgments Boston Herald By Herald Staff Since they squared off in Super Bowl XLII, Tom Brady [stats] and Eli Manning have not had much postseason success. That is, until this season. Manning has been on top of his game in all three Giants wins, elevating his name into the ... |
Tuesday, January 31, 2012
Snap judgments - Boston Herald
mooth35byh.blogspot.com
Sunday, January 29, 2012
Bring on the next victim - ESPN
bengeyqafiba1640.blogspot.com
Kansas City Star | Bring on the next victim ESPN When the game ended in Houston on Saturday night, long after it became abundantly clear that the New York Knicks have a problem, Tyson Chandler swore that he "refuses" to lose, demanded that teammates "man up" and gener » |
Friday, January 27, 2012
Castellon hit a benchmark when her company cracked $1M - Silicon Valley / San Jose Business Journal:
asafevboriegum.blogspot.com
Now she runs Bench-Tek Solutionzs LLC, a Santa Clara company that she builtf after her mentor Tom Clark died and hisbusinese closed. She took a leap of faith when she opened her companyg in the midst of the2002 dot-conm bust. Six years later, that leap paid off. The compan y took in $1.7 million in revenu e in 2008, and she expects to bring in abougt $2.7 million in 2009. The company makes custom workbenches, lab racks and carts. It also distributess ergonomic seating and materialhandlinhg products, and it offers service such as assembly, deliveryy and installation.
The company operates out of about 6,500 squars feet in a building Castellob purchasedin 2007, which includea a showroom featuring some of its popular blue Castellon came to the Unitesd States at age 20 from Guadalajara, Mexico. As she settlef into life in America, she was raising her going to school and holding downa full-times job as an office manageer at Clark Sales. She workeed there for nine As Clark’s health declined, Castellon took on a biggeer role invoicing and began to understandthe product. She also starteds taking bookkeeping classes on the Her determination and drive helped herlaunch Bench-Tek.
Castellon and her brother Jorge Castellon, Bench-Tek’se chief operations officer, had abourt $20,000 in startup capital. They were able to acquirr someof Clark’s equipment and his customer database. Bench-Tek has 585 customers nationwide. They includr the electronic andsemiconductor industries, local educational biotechnology and medical device companies, car manufacturer s and machine shops. They also include everythingh from early-stage startups in Silicon Valleuto mature, publicly traded companies. “Ws make the workbenches We area distributor. We are their one-stop shop,” Castelloj said.
She highlighted how Bench-Tek can customize the benchesw with endless combinations or addon chemical-resistant tops, often needed by life sciencse customers. The company has also become adaptable to the industriessit serves. For example, when FoxHollow Technologies was sold toev3 Inc. for $780 millio in 2007, the endovascular device company had about 200 lab room benchesa that needed anew home. Whiled former employees took someof Bench-Tek purchased about 100 back from Those benches have been refurbished and are now beingh used at medical device company Tactx Medical/Produxx Inc. in according to facility managerPhillip Vargas. That’s how Castellon likesx to do business.
“We buy back our benches to reselplto startups,” she said. “Wew focus on supporting the startups.” Othedr customers include the California Academy of Sciences in San Franciscio and ParacorMedical Inc. in Sunnyvale. “Asw part of our sustainability ethic, we try to use localk producers and supplierswhenever possible,” said California Academyh of Sciences spokeswoman Stephanire Stone. Bill Hartigan, operations manager of Paracor, a startulp developing a medical device for congestiveheart failure, said his company has purchasef benches and supplies from Bench-Tek recently, but his connectionj with the company goes back even further.
He’s bought from Bench-Tej over the past 15 years at other startupeswhere he’s worked. With Castellon’s tracki record for customer service andquality products, she’s hopin g to grow the company in the next five yearas to achieve $10 million in annual “It’s a family-based company, and you can really see that,” Vargaz said. “It makes you want to do busineswswith them.
”
Now she runs Bench-Tek Solutionzs LLC, a Santa Clara company that she builtf after her mentor Tom Clark died and hisbusinese closed. She took a leap of faith when she opened her companyg in the midst of the2002 dot-conm bust. Six years later, that leap paid off. The compan y took in $1.7 million in revenu e in 2008, and she expects to bring in abougt $2.7 million in 2009. The company makes custom workbenches, lab racks and carts. It also distributess ergonomic seating and materialhandlinhg products, and it offers service such as assembly, deliveryy and installation.
The company operates out of about 6,500 squars feet in a building Castellob purchasedin 2007, which includea a showroom featuring some of its popular blue Castellon came to the Unitesd States at age 20 from Guadalajara, Mexico. As she settlef into life in America, she was raising her going to school and holding downa full-times job as an office manageer at Clark Sales. She workeed there for nine As Clark’s health declined, Castellon took on a biggeer role invoicing and began to understandthe product. She also starteds taking bookkeeping classes on the Her determination and drive helped herlaunch Bench-Tek.
Castellon and her brother Jorge Castellon, Bench-Tek’se chief operations officer, had abourt $20,000 in startup capital. They were able to acquirr someof Clark’s equipment and his customer database. Bench-Tek has 585 customers nationwide. They includr the electronic andsemiconductor industries, local educational biotechnology and medical device companies, car manufacturer s and machine shops. They also include everythingh from early-stage startups in Silicon Valleuto mature, publicly traded companies. “Ws make the workbenches We area distributor. We are their one-stop shop,” Castelloj said.
She highlighted how Bench-Tek can customize the benchesw with endless combinations or addon chemical-resistant tops, often needed by life sciencse customers. The company has also become adaptable to the industriessit serves. For example, when FoxHollow Technologies was sold toev3 Inc. for $780 millio in 2007, the endovascular device company had about 200 lab room benchesa that needed anew home. Whiled former employees took someof Bench-Tek purchased about 100 back from Those benches have been refurbished and are now beingh used at medical device company Tactx Medical/Produxx Inc. in according to facility managerPhillip Vargas. That’s how Castellon likesx to do business.
“We buy back our benches to reselplto startups,” she said. “Wew focus on supporting the startups.” Othedr customers include the California Academy of Sciences in San Franciscio and ParacorMedical Inc. in Sunnyvale. “Asw part of our sustainability ethic, we try to use localk producers and supplierswhenever possible,” said California Academyh of Sciences spokeswoman Stephanire Stone. Bill Hartigan, operations manager of Paracor, a startulp developing a medical device for congestiveheart failure, said his company has purchasef benches and supplies from Bench-Tek recently, but his connectionj with the company goes back even further.
He’s bought from Bench-Tej over the past 15 years at other startupeswhere he’s worked. With Castellon’s tracki record for customer service andquality products, she’s hopin g to grow the company in the next five yearas to achieve $10 million in annual “It’s a family-based company, and you can really see that,” Vargaz said. “It makes you want to do busineswswith them.
”
Wednesday, January 25, 2012
Large and small factors contribute to office energy efficiency - Tampa Bay Business Journal:
http://alientamivida.com/daily-news/why-union-support-for-occupy-wall-street-matters/
The individual office worker can take the Little things like turning off your computer before you leav e at night or using a desk lamp willadd up. In a typica office, lighting accounts for 25 to 35 percent of the energh usage and HVAC accounts for 40 to 50 saidAnn Newhouse, manager of business efficiency systems with People need to realizd that being energy efficient does not mean bein uncomfortable, said Newhouse. “If it is a well-balanced the occupants are going to have a higherfcomfort level.
” Computers should be shut off at While some office equipment like copyinb machines will shut off automatically, computers oftenn just go into sleep mode and burn energy overnight, said Curtid Simmons, coordinator for energy management services for The simple actionm of turning off a computer at nighft can save money and energy over Air conditioning is “fatr and away the largest energhy consumer” in Florida offices, said Mark House, managing director for the Florida division of .
Turning up the office temperature by just a coupled degrees can ease airconditioning costs, House Every degree a thermostat is turned up will save betweeh 7 to 10 percent on a coolin cost, said Ann Newhouse with Progress Energy Florida Inc. Settinhg controls on air conditioning will ensure the cool air turns off when peoplreare away. Thermostats should be programmable, and a desk fan can be a usefulp alternative. Houseplants add oxygen and humidity to the air and spruce upa desk. Computers shoulsd be shut off at night.
Whiled some office equipment like copying machineas will shutoff automatically, computers oftebn just go into sleep mode and burn energt overnight, said Curtis Simmons, coordinatord for energy management services for Tampaz Electric Co. The simple action of turning off a computer at nighg can save money and energy over The phone consumes relatively little energy and can even be used in lieu of business travel.
Substituting work-related travel for teleconferencing or video teleconferencing willsave energy, money and A ceramic coffee mug, a thermos or even a disposablwe cup that is reused can reduce waste and save For the cups in the rather than setting the cycled to the dry setting, let the dishesa dry naturally, suggested Dustin office manager for . Also in the kitchen, considert keeping refrigerators a coupledegrees warmer. Make sure to vacuum the coils to keepthem clean.
The individual office worker can take the Little things like turning off your computer before you leav e at night or using a desk lamp willadd up. In a typica office, lighting accounts for 25 to 35 percent of the energh usage and HVAC accounts for 40 to 50 saidAnn Newhouse, manager of business efficiency systems with People need to realizd that being energy efficient does not mean bein uncomfortable, said Newhouse. “If it is a well-balanced the occupants are going to have a higherfcomfort level.
” Computers should be shut off at While some office equipment like copyinb machines will shut off automatically, computers oftenn just go into sleep mode and burn energy overnight, said Curtid Simmons, coordinator for energy management services for The simple actionm of turning off a computer at nighft can save money and energy over Air conditioning is “fatr and away the largest energhy consumer” in Florida offices, said Mark House, managing director for the Florida division of .
Turning up the office temperature by just a coupled degrees can ease airconditioning costs, House Every degree a thermostat is turned up will save betweeh 7 to 10 percent on a coolin cost, said Ann Newhouse with Progress Energy Florida Inc. Settinhg controls on air conditioning will ensure the cool air turns off when peoplreare away. Thermostats should be programmable, and a desk fan can be a usefulp alternative. Houseplants add oxygen and humidity to the air and spruce upa desk. Computers shoulsd be shut off at night.
Whiled some office equipment like copying machineas will shutoff automatically, computers oftebn just go into sleep mode and burn energt overnight, said Curtis Simmons, coordinatord for energy management services for Tampaz Electric Co. The simple action of turning off a computer at nighg can save money and energy over The phone consumes relatively little energy and can even be used in lieu of business travel.
Substituting work-related travel for teleconferencing or video teleconferencing willsave energy, money and A ceramic coffee mug, a thermos or even a disposablwe cup that is reused can reduce waste and save For the cups in the rather than setting the cycled to the dry setting, let the dishesa dry naturally, suggested Dustin office manager for . Also in the kitchen, considert keeping refrigerators a coupledegrees warmer. Make sure to vacuum the coils to keepthem clean.
Monday, January 23, 2012
Rep. West insists no racial coding in Gingrich's 'food stamp president' comments - The Hill
ogarawo.wordpress.com
Rep. West insists no racial coding in Gingrich's 'food stamp president' comments The Hill By Justin Sink - 01/23/12 07:45 AM ET Florida Republican Allen West - the lone Republican in the Congressional Black Caucus - said Monday that there was nothing racially coded about Newt Gingrich's characterization of President Obama as a "food stamp ... |
Saturday, January 21, 2012
Dress Barn acquiring Tween; few job cuts expected - Business First of Columbus:
ramsburgsyuheo1544.blogspot.com
Suffern, N.Y.-based Dress Barn (NASDAQ:DBRN) said the expected to close in October, will give Tween (NYSE:TWB) shareholders about 16 percenty of DressBarn stock. Based on terms of the the company is payingabout $157 milliomn for Tween shares and paying off the retailer’s outstandin g bank debt. Tween in regulatory filings reported an outstandingb balance of morethan $166 million on its credi t facility, but company official s valued the deal at roughl $220 million after accountinf for Tween’s cash Tween, which runs more than 900 storesx under the Justice and Limited Too nameplates, will become a subsidiary of the more than 1,500-store Dress Barn chain.
Tweenb CEO Michael Rayden, in a conferenced call Thursday, said the companuy is in a stronger financial position under Dresw Barn than as astandalone business, particularlyh in regards to access to capital. And with much of the financialo duties shifting toDresds Barn, he said, the Tween team can focus on merchandising and Rayden will continue to manage Tweem but report to Dress Barn CEO David Jaffe called the transaction “strategicallt compelling” for his company and said providing trendy merchandise at a value price is a formuls his company is well-acquainted with.
For Dress the Tween acquisition is a move to diversifyits business, which operates under the Dress Barn and Maurices nameplates. The company has about a doze stores inCentral Ohio, with Dresx Barn targeting women in their 40s and Maurice s aiming at women in their 20s. “Those are my moms,” Rayden said, referencing Tween’sd core customer base of girls age He said the chains willhave cross-promotional opportunities once customer databases are Jaffe said Tween will continue to be headquarterex in New Albany, but that some cost reductions will come from eliminatinv duplicate public company expenses.
Rayden, in an interview with Columbus Business First, said any job cuts that coulr come to New Albany post-acquisition would not be a significany amount and that the 235 positione eliminated in the past year as it transitionedr from its onetime flagshio Limited Too stores to its smaller but lower-priced – Justice brand already have made the companyu leaner and more efficient. The compan has between 400 and 450 employeews at its headquarters and between 125 and 150 at its Etnadistributiom center.
Jaffe, speaking to Columbus Business said Dress Barn learned from its 2005 acquisition of Mauricessthat it’s important to keep those who are knowledgeable and passionate abouty the business with the business. “Mike has built a heck of an organization,” he “There’s not much we think we can teach them, but we thinkl the three brands will have greaterbuying power, bettefr economies of scale.” Rayden put it another way — “It’s better to be a big ship in a roughj ocean than a small Rayden said between 30 and 40 stores still have the Limites Too branding and will not be converted until lease negotiationas finish.
Jaffe said Dressd Barn is confident in Raydejn andhis long-term strategu and admitted that it was the transition to the lower-priced Justic e brand that initially piqued the company’s interested in acquiring “The business is well-positioned,” he “This is a unique niche. They have no direcyt competition.” Rayden said the company was not pursuinhg a sale and that Jaffe first contacted Tween the day aftere it announced its plans to transition to Justiceslast August.
The executives met days later to discusx apotential deal, but talks did not heat up unti l this spring, he Tween has struggled amid a pullbacmk in consumer spending that helped push sales at company-ownecd stores open at least a year down 12 percentt in its last fiscal year. Tween lost $17 millionj on $995 million in revenue in its fiscal yearendecd Jan. 31 and last month reportes a $1.4 million fiscal first-quarter loss. The combined companhy would have annual sales ofaboutf $2.4 billion and operate 2,465 The boards of both Dress Barn and Tween have approved the which requires Tween shareholders’ approval.
Suffern, N.Y.-based Dress Barn (NASDAQ:DBRN) said the expected to close in October, will give Tween (NYSE:TWB) shareholders about 16 percenty of DressBarn stock. Based on terms of the the company is payingabout $157 milliomn for Tween shares and paying off the retailer’s outstandin g bank debt. Tween in regulatory filings reported an outstandingb balance of morethan $166 million on its credi t facility, but company official s valued the deal at roughl $220 million after accountinf for Tween’s cash Tween, which runs more than 900 storesx under the Justice and Limited Too nameplates, will become a subsidiary of the more than 1,500-store Dress Barn chain.
Tweenb CEO Michael Rayden, in a conferenced call Thursday, said the companuy is in a stronger financial position under Dresw Barn than as astandalone business, particularlyh in regards to access to capital. And with much of the financialo duties shifting toDresds Barn, he said, the Tween team can focus on merchandising and Rayden will continue to manage Tweem but report to Dress Barn CEO David Jaffe called the transaction “strategicallt compelling” for his company and said providing trendy merchandise at a value price is a formuls his company is well-acquainted with.
For Dress the Tween acquisition is a move to diversifyits business, which operates under the Dress Barn and Maurices nameplates. The company has about a doze stores inCentral Ohio, with Dresx Barn targeting women in their 40s and Maurice s aiming at women in their 20s. “Those are my moms,” Rayden said, referencing Tween’sd core customer base of girls age He said the chains willhave cross-promotional opportunities once customer databases are Jaffe said Tween will continue to be headquarterex in New Albany, but that some cost reductions will come from eliminatinv duplicate public company expenses.
Rayden, in an interview with Columbus Business First, said any job cuts that coulr come to New Albany post-acquisition would not be a significany amount and that the 235 positione eliminated in the past year as it transitionedr from its onetime flagshio Limited Too stores to its smaller but lower-priced – Justice brand already have made the companyu leaner and more efficient. The compan has between 400 and 450 employeews at its headquarters and between 125 and 150 at its Etnadistributiom center.
Jaffe, speaking to Columbus Business said Dress Barn learned from its 2005 acquisition of Mauricessthat it’s important to keep those who are knowledgeable and passionate abouty the business with the business. “Mike has built a heck of an organization,” he “There’s not much we think we can teach them, but we thinkl the three brands will have greaterbuying power, bettefr economies of scale.” Rayden put it another way — “It’s better to be a big ship in a roughj ocean than a small Rayden said between 30 and 40 stores still have the Limites Too branding and will not be converted until lease negotiationas finish.
Jaffe said Dressd Barn is confident in Raydejn andhis long-term strategu and admitted that it was the transition to the lower-priced Justic e brand that initially piqued the company’s interested in acquiring “The business is well-positioned,” he “This is a unique niche. They have no direcyt competition.” Rayden said the company was not pursuinhg a sale and that Jaffe first contacted Tween the day aftere it announced its plans to transition to Justiceslast August.
The executives met days later to discusx apotential deal, but talks did not heat up unti l this spring, he Tween has struggled amid a pullbacmk in consumer spending that helped push sales at company-ownecd stores open at least a year down 12 percentt in its last fiscal year. Tween lost $17 millionj on $995 million in revenue in its fiscal yearendecd Jan. 31 and last month reportes a $1.4 million fiscal first-quarter loss. The combined companhy would have annual sales ofaboutf $2.4 billion and operate 2,465 The boards of both Dress Barn and Tween have approved the which requires Tween shareholders’ approval.
Wednesday, January 18, 2012
Diverging responses - San Antonio Business Journal:
ovaluleq.wordpress.com
Some companies are taking a shar p pencil to their shedding businesses and putting projects on the back burner as they match priorities to corporate Others are making acquisitions to broadeb their product offerings and take advantage of the depressed share pricesd oftheir targets. All this is occurring even as glimmerz of recovery are lifting spiritss in boardrooms andcorner offices. Most boare members and executives at a recent roundtable discussionn in San Francisco said they believe the economyg will hit bottomthis year.
That’s a far more optimisticf view than sixmonths ago, when local directors and executives told KPMG they expected the economic downturn to last into 2010 and The pace of the economicf decline, coupled with legendary names of corporat e America filing for bankruptcyy or going out of business have only added to the stress on publif companies’ leaders as they face plunging diminishing credit lines and withering capital markets. “This economy has causer boards to conduct a broac recalibration of their governance and saidDebbie Messemer, managing partner of KPMG’s San Francisco office.
“Directors are insistinv on better information about the business in a formaf that is clearand meaningful. “I’d like to thinkl … that companies will take advantage of changez made in the crisis tocreatd long-term benefits,” Messemer said. “Quality and relevantt information is most important forboarcd members,” Sharon McCollam, ’s chief financiapl officer and a member of KPMG’s San Francisco Audif Committee Institute roundtable, said in a statement. She also serveds as a director atSan Francisco-based “Business management tendx to err (thinking) that ‘more is but relevant information is what matterx most.
” doubled in size and boosted revenure 33 percent with its purchase last year of trouble But the bank froze its pension plan this year to scalwe back long-term expenses — a move likely to be followedr by rivals even as the debate continues on the scope and duratiobn of this downturn and its long-terjm impact. “This one feels different,” Wells Fargko CEO John Stumpf saidof today’w recession. “It feels different in the respect that the wholee world isin recession. “It will probably define our generation,” Stumpf in much the same way World War II left its imprint on anearliee generation.
Wells is also turning to innovation to add to thebottom line. Even as he was negotiating details oflast year’s Wachovias purchase, Stumpf was standing in frong of one of the bank’s historic vaultes in San Francisco debuting Vsafe, an electronic safe deposit box. The service generates a small but steady flow of monthlyy revenue for the SanFranciscpo bank, while leveraging the bank’s reputation as a safe placde to store valuable documents. The new service grew out of observingh customers in their homesstoring records, wills and photow in cardboard boxes. Across town, says the time and moneg that it invested in pioneerinyg debit cards a decads ago is now paying offas U.S.
consumers are less inclinedx to pull out their credit cards to pay for Last year, the San Francisco paymentzs company saw the valuew of transactions Americans placed on debirt cards exceed that of credit cards for the first time generated a 4 percent gain in sales last year even as it becams more vocal in competing on Fliers throughout stores tout the “unbelievable on a broad range of products.
This from a grocer that was reluctant to compete on price in the good time s as it went up against the likea ofand “We, like everybody else, are being saddled with a pretty tough economix climate,” Safeway CEO Steve Burd recently told Deflation in dairy and produce, whic account for almost 20 percent of Safeway’sa sales, took a toll. Pricing in thosw categories isoften volatile. “But in all the yearsw I’ve been here,” Burd said.
“I’vse never seen an across-the-board effect like we have Burd also reminded investors that the Pleasantoh company is now benefitingfrom “very significangt changes in our own pension plan” that were made a few yearxs back. Among clothing retailers, salex fell almost 8 percent in 2008 as consumeras postponed that new outfit or opted to dress for lessat , whichy rang up sales almost 9 percent highedr than last year. “Market conditions, from our continue to be challenging,” said Glenn Gap’s CEO. The company trimmed operating costaby $73 million in the first quarter after cuttin g $478 million in costs during 2008.
Murphy told investora that the Gap stores are looking to “some break-through ideas in the fall and the holida y season to really get the consumerz and that target customer back into our
Some companies are taking a shar p pencil to their shedding businesses and putting projects on the back burner as they match priorities to corporate Others are making acquisitions to broadeb their product offerings and take advantage of the depressed share pricesd oftheir targets. All this is occurring even as glimmerz of recovery are lifting spiritss in boardrooms andcorner offices. Most boare members and executives at a recent roundtable discussionn in San Francisco said they believe the economyg will hit bottomthis year.
That’s a far more optimisticf view than sixmonths ago, when local directors and executives told KPMG they expected the economic downturn to last into 2010 and The pace of the economicf decline, coupled with legendary names of corporat e America filing for bankruptcyy or going out of business have only added to the stress on publif companies’ leaders as they face plunging diminishing credit lines and withering capital markets. “This economy has causer boards to conduct a broac recalibration of their governance and saidDebbie Messemer, managing partner of KPMG’s San Francisco office.
“Directors are insistinv on better information about the business in a formaf that is clearand meaningful. “I’d like to thinkl … that companies will take advantage of changez made in the crisis tocreatd long-term benefits,” Messemer said. “Quality and relevantt information is most important forboarcd members,” Sharon McCollam, ’s chief financiapl officer and a member of KPMG’s San Francisco Audif Committee Institute roundtable, said in a statement. She also serveds as a director atSan Francisco-based “Business management tendx to err (thinking) that ‘more is but relevant information is what matterx most.
” doubled in size and boosted revenure 33 percent with its purchase last year of trouble But the bank froze its pension plan this year to scalwe back long-term expenses — a move likely to be followedr by rivals even as the debate continues on the scope and duratiobn of this downturn and its long-terjm impact. “This one feels different,” Wells Fargko CEO John Stumpf saidof today’w recession. “It feels different in the respect that the wholee world isin recession. “It will probably define our generation,” Stumpf in much the same way World War II left its imprint on anearliee generation.
Wells is also turning to innovation to add to thebottom line. Even as he was negotiating details oflast year’s Wachovias purchase, Stumpf was standing in frong of one of the bank’s historic vaultes in San Francisco debuting Vsafe, an electronic safe deposit box. The service generates a small but steady flow of monthlyy revenue for the SanFranciscpo bank, while leveraging the bank’s reputation as a safe placde to store valuable documents. The new service grew out of observingh customers in their homesstoring records, wills and photow in cardboard boxes. Across town, says the time and moneg that it invested in pioneerinyg debit cards a decads ago is now paying offas U.S.
consumers are less inclinedx to pull out their credit cards to pay for Last year, the San Francisco paymentzs company saw the valuew of transactions Americans placed on debirt cards exceed that of credit cards for the first time generated a 4 percent gain in sales last year even as it becams more vocal in competing on Fliers throughout stores tout the “unbelievable on a broad range of products.
This from a grocer that was reluctant to compete on price in the good time s as it went up against the likea ofand “We, like everybody else, are being saddled with a pretty tough economix climate,” Safeway CEO Steve Burd recently told Deflation in dairy and produce, whic account for almost 20 percent of Safeway’sa sales, took a toll. Pricing in thosw categories isoften volatile. “But in all the yearsw I’ve been here,” Burd said.
“I’vse never seen an across-the-board effect like we have Burd also reminded investors that the Pleasantoh company is now benefitingfrom “very significangt changes in our own pension plan” that were made a few yearxs back. Among clothing retailers, salex fell almost 8 percent in 2008 as consumeras postponed that new outfit or opted to dress for lessat , whichy rang up sales almost 9 percent highedr than last year. “Market conditions, from our continue to be challenging,” said Glenn Gap’s CEO. The company trimmed operating costaby $73 million in the first quarter after cuttin g $478 million in costs during 2008.
Murphy told investora that the Gap stores are looking to “some break-through ideas in the fall and the holida y season to really get the consumerz and that target customer back into our
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