2015 Dec pp banner1200 2 mob
2016 Jan pp banner1200
Subscribe to read!

Screen Shot 2020 01 17 at 5.55.03 PMBest Buy CEO
under inquiry

Close C-level colleagues
may suffer second loss?


Best Buy,
 the $43Bn US electronics retailer continued its anaemic growth trend. Now CEO Corie Barry appointed last June is under investigation for conducting an inappropriate relationship with a senior colleague in recent years

Read more ...

Subscribe to read!

florness don fastenalFastenal fading
fast...foreboding?

Decelerating demand +
tariffs turning for worse?


Fastenal
, the $5Bn in sales, US reseller of MRO & vending supplies, continued to slowdown in Q4'19 from its rapid double digit pace of growth in early 2019. This is usually a leading indicator for slowing business and consumer demand. Watch this space for similar reports in next few weeks

Read more ...

Subscribe to read!

cogan andrew knoll standing thumb RS medium250 0Knoll cutting
back capacity

Closing Michigan plant
in consolidatiion move



Knoll,
a leading international brand furnituremaker, surprisingly will close its Grand Rapids (MI) production facility in a cost cutting consolidation move. 

Read more ...

Subscribe to read!

Jacobs Brad XPOXPO Logistics
talespinning?

Reverses acquisition
drive after setbacks


Shares of XPO Logistics rose more than 15% after the transporter announced it was exploring structural changes, including spinoffs. Like FedEx, CEO Brad Jacobs' firm has failed to adapt to the new market demand for immediacy driven by Amazon & UPS

Read more ...

Subscribe to read!

Screen Shot 2020 01 16 at 10.23.45 AMUS economy in
modest growth

Fed Reserve Beige Book
report on final wks Q4'19


In the last six weeks of 2019, the U.S. economy overall continued to grow "modestly" with solid holiday sales, consumer spending rising at a "modest to moderate pace, and manufacturing activity essentially flat in most districts, according to the Federal Reserve's Beige Book report.

Read more ...

Subscribe to read!

Screen Shot 2020 01 15 at 1.51.38 PMM/Soft Windows:
7 ends;10 flaws

Business using old s/ware.
NSA: New s/ware insecure


Mighty Microsoft has reported disturbing news. First, in spite of a vigorous campaign to replace Windows 7 with Windows 10, a third of users have not acted. Now it reports the National Security Agency has discovered a major security flaw with W10?

Read more ...

Subscribe to read!

target off targetTarget's tumbling
Q4 sales trends 

Electronics hit & slower
BOPUS growth v AMZN

 

Leading US retailer Target reported decelerating sales growth trends in recent quarters compared with 2018. Q4'19 sales, including the Christmas-Thanksgiving holiday, sales fell in organic terms for the first time in recent years

Read more ...

Subscribe to read!

Screen Shot 2020 01 16 at 11.01.19 AMBush's online
market merger

US/CA furnituremakers
combo to attack SOHO


Bush Industries
a leader in the affordable office furniture market has been acquired by a leading Canadian home office KD (RTA) designer/manufacturer.  

Read more ...

Subscribe to read!

Lucy online300PC market
refreshes up

Recovery from 7yrs of
hurt & mobile moves


After years of consistent declines, PC sales appear to have finally turned a corner. Market researchers Gartner and IDC reported today that PC sales grew during the fourth quarter of 2019, boosting the entire year into the black.

Read more ...

Subscribe to read!

oswald peter mondi lrMondi meltdown
CEO out.UK out.

All UK paper & packaging
production to cease March

 

Leading paper & packaging maker Mondi's CEO Peter Oswald is leaving the business iafter 18 years. Coincidentally, it has announced the closure of its last 2 packaging plants in the UK. We discuss what's next...

Read more ...

ppnew on mobile US 2018

ppnew on mobile UK 2018

"Tomorrow's News Today,

not yesterday's news tomorrow."

twitter heart50facebook heart50

FREE PP NEWS

Please register to the site before you can sign for a list.
No account yet? Register

Member Login