Word: jannings
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Dates: during 2000-2009
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...dust-up began on Jan. 14 when Sylvie Uderzo published an open letter in French daily Le Monde, denouncing her father's decision to cede 60% of the Asterix series' parent company to publishing giant Hachette Livre. That sale was finalized earlier this month by Albert Uderzo and Anne Goscinny, whose father René was co-creator and writer of Asterix from the comic's inception in 1961 until his death in 1977. Since then Uderzo has continued producing the series on his own via the Editions Albert-René publishing company he founded in 1979 - a go-it-alone...
...comments to French wire service Agence France Presse on Jan. 26, Uderzo père used all the wit and cunning of his animated creation animated creation to counter suggestions he was an aging pigeon who'd been manipulated by business sharks. "To be accused by my own daughter, in the pages of the newspaper of reference, of being an old man, manipulated and deluded in his insatiable greed by the gnomes of finance, is already quite undignified," Uderzo said, before noting the irony of his daughter using language and imagery from the series to accuse its creator of selling...
...suboptimal in some markets, they were overexposed to music and movies, and they tried to go international, which didn't work," says David Schick, an analyst at Stifel, Nicolaus & Co. Then came the financial storm. Total sales dropped 11.7% during the nine-week holiday period that ended on Jan. 3, and sales at stores open for at least a year fell 14.4% during that time. In addition, the company was woefully late to the e-commerce game; it finally launched its own sales site in May (the brand had partnered with Amazon to move books before then). During...
...company spokeswoman Anne Roman. "Our new leadership recognizes our challenges, admits that we have made mistakes, and is focused on getting our financial house in order as an immediate priority." Borders stock has flirted with a New York Stock Exchange delisting; it closed at 52 cents per share on Jan. 27, a 95% drop over last year. "They're in survival mode," says Davidowitz. But how can the company stay afloat when the economy has turned against the whole industry (even Barnes & Noble is struggling), and when big boxes like Walmart and Target are moving into the book-selling game...
Pier 1 Imports The stock of the home accessories retailer is also perilously close to a delisting. Pier 1 was trading at 45 cents on Jan. 27, down 92% over the past 12 months. The real estate crash has been devastating to all home-furnishing retailers, but like Borders, Pier 1 wasn't performing well even before the collapse. "Merchandising was stale, they were relying too much on selling wicker furniture, the price points were probably too high and there was store saturation," says Anthony Chukumba, an equity analyst at FTN Midwest Securities Corp. (See pictures of Americans in their...