‘Domino’ to Shut Down After March Issue
The housing meltdown and stubborn recession have taken too-big a toll on Domino, Condé Nast’s shopping and home décor magazine Domino.
The housing meltdown and stubborn recession have taken too-big a toll on Domino, Condé Nast’s shopping and home décor magazine Domino.
The National Retail Federation is forecasting a 0.5% reduction in U.S. retail sales this year, the first year-over-year decline in fourteen years. Bloomberg News National Retail Federation Jan. 27, 2009
Battered by the free-fall in the housing market, Home Depot will close its 34 Expo Design Centers, five YardBIRDS, two Design Centers and HD Bath, a bath remodeling business with seven sites. In addition, the company will eliminate 7,000 of its roughly 300,000 jobs, including 500 from the headquarters staff. AP on Yahoo.com (Jan. 26, [...]
Projecting continued advertising weakness well into 2009, Meredith has closed its struggling shelter title Country Home and reduced its workforce by some 250 positions. The publisher is also relocating the creative functions of Parents.com, which is based in Manhattan, and ReadyMade, based in Berkeley, Calif., to the corporate headquarters in Des Moines, in an additional [...]
“Newspaper and newspaper groups are likely to default on their debt and go out of business next year — leaving ’several cities’ with no daily newspaper at all, Fitch Ratings says in a report on media released Wednesday.” Editor & Publisher (Dec. 4, 2008)
Effective with product scheduled for delivery on or after January 28, 2009, The News Group – Central Division’s Beaumont Depot, which os currently picked and packed out of its San Antonio, TX, Distribution Center, will be serviced out of its Houston TX Distribution Center. The address for that pick and pack location is:
The News [...]
Casting a pall over the Hoiday season, the Commerce Department reported Friday U.S. retail sales dropped by 2.8% in October, the largest monthly drop since it began keeping this particular, broad measure of retail sales in 1992. It was the fourth straight month of declines in consumer spending. The Wall Street Journal (Nov. 17, 2008) [...]
According to report in The New York Times, Condé Nast will reduce the annual frequency of Portfolio from 12- to 10-times and Men’s Vogue from 10- to 2-times, as part of a new, cost-savings plan. The publisher has reportedly reduced budgets by five percent, across the organization. The New York Times (Oct. 30, 2008)
Among the changes being made by OK! General Manager Kent Brownridge: a new editor, new executive creative director and a new publisher. The personnel moves are part of Brownridge’s plan to steer the magazine to profitability in 2008. The New York Post (Oct. 24, 2008)
The editors at Portfolio — like those at their rival weekly and bi-weekly business magazines — strive to bring depth, analysis and foresight to coverage of the financial coverage (called by one person, the 9/11 of the business press). The New York Observer (Oct. 21, 2008)