Anne Riley Moffat and Jordyn Holman Bloomberg Published 5:12 PM EDT Apr 17, 2019 Pier 1 Imports Inc. announced a plan to cut costs at the chain, which is under siege from newer online rivals. The company also announced an interim chief financial officer from AlixPartners LLP, a company known for its turnaround and restructuring practice. Part of Pier 1’s “action plan’’ announced Wednesday includes generating cost savings and benefits of as much as $110 million in fiscal 2020 “by resetting its gross margin and cost structure.’’ The company is considering closing as many as 45 stores in the current fiscal year, and this could reach as many as 15 percent of total locations if performance goals aren’t met. Key Insights Pier 1 has been working on a comeback plan for months. In December, it ousted its then chief and ripped up the turnaround script he’d put in place the previous April. Cheryl Bachelder — who previously … [Read more...] about Pier 1 tumbles, plans more store closures, cost cuts
Sales action plan
Dao Xuan Lai, United Nations Development Programme assistant resident representative, and team leader of Climate Change and the Environment Climate action in both adaptation and mitigation are creating new types of businesses, attracting vast capital flows into low-carbon investments, creating jobs and spurring innovation and economic growth. Climate is changing faster than anticipated, and as the Earth’s surface is warming, extreme weather events are becoming more frequent, more severe, and more difficult to predict. This has caused and will continue to cause damage to infrastructure, outbreaks of infectious diseases, and disruption to the supply chain. For example, a record drought in 2015-2016, the worst in 60 years, and the strong typhoon Damrey in 2017 caused damage to roads, houses, schools, crops and disruptions to the water supply in large parts of Vietnam. In response, Vietnam has set high priority in climate change adaptation. The Vietnamese government has made large … [Read more...] about Climate actions will usher in opportunities
PUBLISHED: 06:00 10 January 2019 Andy Warren Ipswich Town owner Marcus Evans released his five-point plan for the club two years ago. Picture: Pagepix Pagepix Ltd 07976 935738 Ipswich Town owner Marcus Evans launched his five-point plan for success two years ago. ANDY WARREN looks at how the club has fared since. Evans' plan was released in December 2016. Photo: Pagepix LtdThe backgroundMarcus Evans released his blueprint for success at Ipswich Town in December 2016.In the owner’s introduction to his ‘five-point plan’ he began with an overview of where the club find themselves within the financial landscape of the Championship. He discussed how the much-maligned Financial Fair Play initiative has failed in its bid to ‘level the playing field’ while also pointing out just how reliant the most wealthy clubs in the league are on parachute payments following relegation from the Premier League or unsustainable backing from … [Read more...] about How Ipswich owner Marcus Evans’ five-point plan stacks up two years on
Mark Zandi, The Washington Post Published 4:15 am PST, Thursday, January 3, 2019 SAN FRANCISCO, CA - APRIL 21: Pedestrians walk by an apartment for rent on April 21, 2015 in San Francisco, California. According to a report by Forbes magazine, San Francisco, Oakland and San Jose top the list of worst places in the nation for renters. Bay Area renters are faced with extremely low vacancy rates that have prompted high rents that average over $3,100 for a one bedroom in San Francisco. (Photo by Justin Sullivan/Getty Images) less SAN FRANCISCO, CA - APRIL 21: Pedestrians walk by an apartment for rent on April 21, 2015 in San Francisco, California. According to a report by Forbes magazine, San Francisco, Oakland and San Jose top the ... more Photo: Justin Sullivan/Getty Images Photo: Justin … [Read more...] about A national housing crisis is brewing. What actions can policymakers take to head it off?
Emboldened by solid gains on election night, Minnesota Democrats plan to push hard for stricter gun laws at the Capitol this year. Expanding criminal background checks for sales and creating “red flag” protective orders will be near the top of their agenda when they take control of the House on Jan. 8. Democratic Gov.-elect Tim Walz, a gun owner once backed by the NRA, also supports the proposals. A Republican-led Senate, though, could stand in the way. After mass shootings at schools in Parkland, Fla., and Santa Fe, Texas, a number of states strengthened their gun laws in 2018. In Minnesota, Republicans who then controlled the House and Senate refused to bring such efforts to a vote. The House power flip isn’t the only thing that is different. This time the entire Senate will be up for election in 2020. “There’s enormous public pressure to do something,” said David Schultz, a political science professor at Hamline University. That’s … [Read more...] about From background checks to ‘red flag’ laws, MN lawmakers plan to revive key gun-control bills