CompUSA to Close Half its Stores
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In a move aimed at helping the company "focus on initiatives that enhance its top performing locations," CompUSA announced Wednesday it would close 126 of its 229 stores as part of a restructuring plan.
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Computer Associates will cut 800 jobs, the software maker said yesterday, reducing its workforce 5 percent in its biggest cost-cutting effort since 2001 amid slack demand and falling prices for software and services.
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Saks Fifth Avenue Enterprises said Friday it will close five Saks Fifth Avenue stores in California. In all, the company will close eight stores and one Off 5th nationwide.
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Circuit City said it was closing about 70 stores, most of them in Canada, and that its chief merchandising officer had left the company.
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Dell Inc. this week announced that it is in the process of closing its retail kiosks in shopping malls and airports.
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Facing soft demand from major customers, semiconductor and software specialist Agere Systems said it will lay off 500 people and close three facilities to cut costs.
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The flailing specialty apparel retailer will close 150 stores.
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Credence Systems Corp., a maker of chip-testing equipment, on Wednesday said it plans to shut down two testing facilities and eliminate about 8 percent of its work force as it reshuffles its operations.
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Travel company Thomas Cook, which recently merged with rival MyTravel, will close 150 stores and six offices.
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THE REGION CompUSA Inc. says it will close six of its seven stores in Massachusetts by May 31 as part of a restructuring plan that calls for shuttering more than half its stores, spokeswoman Jessica Nunez said. Chief executive Roman Ross cited "changing conditions in the consumer retail electronics market." In Massachusetts, the chain plans to close stores in Framingham, ...
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Colgate-Palmolive Co., the consumer products giant, will close a third of its factories and cut 4,400 jobs, or roughly 12 percent of its worldwide workforce, as part of a
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Blog: Internet service provider says it will lay off about half its staff in an effort to boost profits and raise its share price.
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Computer Associates International Inc., the software maker operating under government oversight after an accounting scandal, will fire 800 workers, or 5 percent of its employees, as the company trims its product line.
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EBay announced Thursday that it will keep its Half.com subsidiary open indefinitely, scrapping previous plans to shutter the e-commerce site in mid-October.
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New York retailing group Saks said Friday it will close 11 stores and shed 700 jobs. The company said it will close down eight Saks Fifth Avenue stores and three Off 5th Avenue
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Circuit City Stores Inc., the nation's No. 2 chain of consumer electronics stores, said Wednesday it will close 19 superstores, five regional offices and a distribution center by the month's end as it attempts to improve its lagging finances.
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Ailing electronics retailer Circuit City Stores Inc. yesterday said it would close 19 stores, five regional offices and a distribution center, launching a major cost-cutting campaign just one day after disclosing it has become the subject of a takeover bid.