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Jungheinrich Web-Site Tool Compares TCO of Various Truck Technologies

BY CSA STAFF

Richmond, Va. – To help prospective customers better see the appreciable cost advantages of owning an AC electric truck over a vehicle based on an IC engine (LPG / Diesel) or DC electric technology, the Jungheinrich Lift Truck Corp. is now making available a free, simple-to-use tool for calculating Total Cost of Ownership (TCO) associated with various kinds of forklift over a five-year period. Anyone can explore use of this TCO calculator.
www.lift-truck-cost-tool.com

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Walgreen’s 4Q Drops

BY CSA STAFF

CHICAGO One of the nation’s biggest drug store chain operators announced that its fourth-quarter profit dropped nearly 4%, according to Monday’s reports.

Walgreens explained that because of lower reimbursements for popular generic drugs and increased store and staff costs, their net income tumbled.

According to the company’s earnings report, total expenses increased by more than 11% to $12.8 billion, which chairman Jeffrey Rein said was out of line with reimbursements the company received. Prescription sales accounted for nearly two-thirds of the company’s business.

“Managing both expenses and lower reimbursements on some generic drugs is my top priority,” he said in a company release. “We’re going to fix this, and at the same time continue our aggressive growth plan.”

While company’s revenues rose more than 10% to $13.4 billion from $12.2 billion, its net income slipped to $396.5 million, compared to $412.3 million earnings at the same time last year. 

For the year, the company said that its earnings increased by to $2.04 billion ($2.03 per share), compared with $1.75 billion ($1.72 per share).

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Jonathan Adler creates giftware line for B&N

BY CSA STAFF

NEW YORK Barnes & Noble is teaming up with ceramist Jonathan Adler for a new collection this fall.

According to reports, the line will launch in 400 stores on Oct. 20, and will include items such as an umbrella, mug and a vase made exclusively for Barnes & Noble. The collection will range in price from $5.95 and $29.95.

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