FINANCE

QVC to Cut 500 Jobs

BY CSA STAFF

West Chester, Pa. QVC Inc. plans to eliminate 500 jobs early next year at its headquarters in West Chester, Pa., the state Department of Labor reported Tuesday.

Cuts will also be made in a distribution center in the area, according to a Worker Adjustment and Retaining Notification (WARN notice) filed with the state by QVC senior VP Lawrence R. Hayes.

QVC said it expects “to discontinue a significant portion of its operations” at the site, and the job eliminations were characterized as “permanent layoff[s].”

Job cuts will start Feb. 27 with as many 110 employees, and continue over the course of 14 months.

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Herd to retire as Polk Audio president

BY CSA STAFF

BALTIMORE Polk Audio, announced that its president, Jim Herd, will retire at the end of the year, leading to a realignment of its senior management team.

“After a total of 30 years in the loudspeaker industry, including 16 years here at Polk Audio, I am fortunate enough to be able to retire and attend to more personal interests,” said Herd.

Polk Audio will be structured under the following three primary areas: marketing, sales, and product line management will report to Ben Newhall, vp of sales; engineering, project management, and purchasing will report to Jeff Nemec, vp of new product development; and operations and finance will report to Joe Tristani, COO.

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Amazon.com claims 2008 was best holiday ever

BY CSA STAFF

SEATTLE Amazon.com has managed to defy economic trends, by claiming that the 2008 holiday season was its best ever. According to the company, more than 6.3 million items ordered worldwide on the peak day, Dec. 15, which is a record-breaking 72.9 items per second.

Among Amazon.com’s top sellers this holiday season were the Eyeclops night vision stealth goggles, the Apple iPod touch 8 GB (2nd Generation) and “The Tales of Beedle the Bard” by J.K. Rowling.

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