March 6, 2007 |
Barnes & Noble Inc., the nation's largest bookseller, forecast profit and sales for this fiscal year that were well below analysts' estimates, sending its shares down 11% on Monday. The New York-based retailer reaffirmed its earnings guidance for the year ended Feb. 3 despite disappointing sales. It also said it was closing its Internet distribution center located in Memphis, Tenn.
CALIFORNIA | LOCAL
September 27, 2006 |
The Riverside County Board of Supervisors voted Tuesday to prohibit medical marijuana dispensaries, calling them magnets for crime and citing federal laws prohibiting the drug. The decision comes nearly 10 months after Riverside County became the first county in Southern California to issue photo identification cards in an effort to comply with a 1996 state law shielding medicinal users from federal prosecution.
January 26, 2006 |
Federated Department Stores Inc. said it was investing $130 million over the next two years to enhance its websites and to build a new distribution center for its Internet sales. Improvements in content and software systems of the main and wedding sites of Macy's and Bloomingdale's, as well as the Bloomingdale's catalog, will be in place beginning in 2007, the Cincinnati-based retailer said.
January 20, 2006 |
Federated Department Stores Inc. said it would close five distribution centers, affecting as many as 750 jobs, as it strove to cut costs and realign its Macy's division after the acquisition of May Department Stores Co. last year. The department store operator, aiming to reduce duplicate locations, said it would close distribution centers in Manchester, Conn., and Baltimore in June. It plans to close centers in Aurora, Colo.; Portland, Ore.; and Salt Lake City in August.
January 16, 2006
In response to the inquiry by Rep. Henry Waxman (D-Los Angeles) into the poor performance of the U.S. Postal Service in Los Angeles (Jan. 12), I'd like to add my own story. I live three blocks from the post office and distribution center and have never received worse service in my life. You'd think living within walking distance from a postal distribution center would garner quality service, wouldn't you? Quite the contrary. When I lived in San Francisco, I always received Newsweek on Tuesday.
June 7, 2005 |
Catellus Development Corp., one of California's largest private landowners thanks to a lineage that dates to the earliest days of railroads in the West, has agreed to be sold for $3.6 billion in cash and stock to warehouse and distribution giant ProLogis. Both companies are real estate investment trusts that develop and operate industrial properties. Catellus also owns Union Station in Los Angeles and a portion of the residential and office development at Mission Bay in San Francisco.
July 9, 2004 |
Small-package carrier FedEx Ground will begin building a 218,000-square-foot distribution center in Carson next week, the company said Thursday. Set to open in the Dominguez Technology Center in late 2005, the facility is part of a $1.8-billion nationwide network expansion that will double the company's average daily capacity to 5.1 million packages by 2010. The local facility will replace a Torrance operation that opened in 1995. No layoffs are planned.
June 12, 2004 |
99 Cents Only Stores, struggling with a variety of woes including problems at its Los Angeles distribution center, Friday lowered its second-quarter sales and earnings projections. The City of Commerce-based retailer, which sells everything for less than a dollar, said it expected to earn 4 cents to 7 cents a share in the quarter ending June 30, instead of the 19 cents it had predicted earlier. The reduction was the company's second downward earnings revision for the period.
October 24, 2003 |
Continuing its trail of red ink, Gateway Inc. posted a wider third-quarter loss because of a nearly 20% plunge in revenue, sending the company's shares sliding in after-hours trading. The Poway, Calif.-based computer and consumer electronics merchant recorded $883 million in sales in the three months ended Sept. 30, down from $1.1 billion a year earlier. It had a net loss of $139 million, or 43 cents a share, compared with a net loss of $50 million, or 15 cents, a year earlier.