CompUSA to shutter more than half its stores
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CompUSA has decided to close 126 of the 225 electronics stores it operates in the U.S. and Puerto Rico as part of a massive realignment aimed at cutting costs.
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By Leon Stafford, The Atlanta Journal-Constitution  Mar. 9--Electronics retailer CompUSA will close all its metro Atlanta  stores in the next 60 to 90 days, the company said Thursday.
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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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Desktops will be available at several retailers, including CompUSA.
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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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In a move possibly intended to shift focus to its efforts in retail stores, computer manufacturer Dell Inc. said that it will shut down its retail kiosks in about 140 malls nationwide.
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NEW YORK -- Internet software developer Commerce One Inc. on Friday said it laid off about 61 percent of its staff to conserve cash ahead of plans to close down its business, sending its stock plunging during morning trading.
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Struggling clothing retailer Wet Seal Inc. said it will close about 150 underperforming stores as part of a major restructuring plan and lay off about 2,000 employees.
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Circuit City Stores, the second-largest U.S. consumer-electronics chain, said it is cutting about 850 jobs in the United States, on top of 3,400 eliminated in March, as it realigns store management.
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U.S. retailers will close stores and reduce square-footage growth plans this year to offset slowing sales, slumping stock prices, a saturated market and a penny conscious shopper, analysts said on Sunday.
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Computer Associates will cut 800 jobs,  the software maker said on Wednesday, reducing its work force 5  percent in its biggest cost-cutting effort since 2001 amid  slack demand and falling prices for software and services.
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Caught in a fierce competitive market populated by BlackBerries, iPhones and other innovative devices, Palm announced this weekend that it will close most of its retail stores.
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Colgate-Palmolive, the consumer products company, said yesterday that it would close about a third of its factories and cut more than 4,400 jobs over the next four years as part
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Seagate Technology, the world's largest maker of hard drives, said Monday it is shuttering one of two manufacturing facilities in Northern Ireland, resulting in a cut of 780 employees, about 1.5 percent of the company's global work force.
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Colgate-Palmolive, the consumer products company, said yesterday that it would close about a third of its factories and cut more than 4,400 jobs over the next four years as part of a major restructuring effort to increase profit margins.
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The parent company of KFC, Taco Bell and Pizza Hut said it had temporarily closed several New York City restaurants owned by the franchisee that operated a Manhattan eatery overrun last week by rats.
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Hershey said it will close more than a third of its assembly lines and eliminate 12 percent of its work force after sales fell for the first time in 3 Â½ years.