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BUSINESS
July 16, 1999
* Federated Department Stores Inc. said it will hire closely held Service Resources Inc. of Atlanta to manage its 450 retail properties, cutting costs by about $25 million a year. Federated, which owns the Bloomingdale's and Macy's chains, among others, said the outsourcing agreement is the largest in the U.S. retail industry. Federated will cut 1,300 people from its payroll but expects Service Resources will rehire most of them by the fall.
ARTICLES BY DATE
BUSINESS
July 16, 1999
* Federated Department Stores Inc. said it will hire closely held Service Resources Inc. of Atlanta to manage its 450 retail properties, cutting costs by about $25 million a year. Federated, which owns the Bloomingdale's and Macy's chains, among others, said the outsourcing agreement is the largest in the U.S. retail industry. Federated will cut 1,300 people from its payroll but expects Service Resources will rehire most of them by the fall.
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BUSINESS
September 20, 2000 | Leslie Earnest, Dow Jones
El Pollo Loco, which recently announced a major expansion, said Tuesday that it has signed an Atlanta-based company to manage its real estate. The agreement with real estate manager Service Resources Inc. will allow the Irvine-based chain to concentrate on its core restaurant business while moving forward with its expansion plans, Vice President of development Brian Berkhausen said in a prepared statement.
NEWS
October 8, 2000 | SUSAN VAUGHN, SPECIAL TO THE TIMES
Deanie Penney is a woman in demand. As the corporate services/facilities manager of a Monrovia company, Penney, 57, spends her days fielding calls from employees about electrical outages, water leaks, temperature spikes and overflowing toilets. "It's constant, and the work's never done," she said. "Someone's always calling--'It's too hot,' 'It's too cold,' 'Something's broken.' There are some days I can't walk down the hall without three or four people stopping me."
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