RadioShack headquarters to stay in Texas
Dallas RadioShack has forged an agreement with Tarrant County College that will allow the company to remain in Fort Worth, Texas. The company was considering moving its headquarters out of the region, according to the Dallas Business Journal.
School administrators announced at a Thursday night Tarrant County College board meeting that the company’s lease on the campus it shares with the college has been extended for five years.
Fort Worth competed with five other communities, including its neighbor Irving; Tampa, Fla.; Albuquerque, N.M.; Raleigh, N.C.; and Nashville, Tenn.; to keep RadioShack, said David Berzina, executive VP economic development for the Fort Worth Chamber of Commerce.
“We are gratified by RadioShack’s decision to keep its corporate headquarters in Fort Worth, where it has maintained a strong presence as a global leader and engaged corporate citizen for several decades,” Berzina said. “There is tremendous competition around the country among cities that are vying for the business of industry-leading corporations such as RadioShack.”
RadioShack employs about 1,700 people in two of five buildings on the 900,000-sq.-ft. campus it shares with Tarrant County College.
PacSun 4Q comps down 19%
ANAHEIM, Calif. Pacific Sunwear of California announced that total sales for the fourth quarter of fiscal 2009 ended Jan. 30 were $293 million, a decrease of 17% from total sales of $352 million for the fourth quarter of fiscal 2008 ended Jan.31, 2009. Total Company same-store sales decreased 19% during the fourth quarter of fiscal 2009.
For the fourth quarter of fiscal 2009, the company reported a net loss of $36 million, or 56 cents per share, compared with a net loss of $27 million, or 42 centsper share, for the fourth quarter of fiscal 2008.
“When I joined PacSun, given all that we needed to do I knew it would take time to turn things around. Eight months into the job, I’m encouraged by the changes we’re making and the prospects for PacSun to once again become a leader for teens in the mall,” stated Gary Schoenfeld, president and CEO.
Total sales for fiscal 2009 ended Jan. 30 were $1.03 billion, a decrease of 18% from total sales of $1.25 billion during fiscal 2008 ended Jan. 31, 2009. Total company same-store sales decreased 20% during fiscal 2009. For fiscal 2009, the company reported a loss of $70 million, or $1.07 per share, compared with a loss from continuing operations of $39 million, or 59 cents per share, in fiscal 2008.
Pacific Sunwear said it expects to report a GAAP net loss per share of 50 cents to 60 cents for the first quarter of fiscal 2010. The company expects same-store sales to decline in a range of 13% to 18% for the quarter.
Staples B-to-B division launches new Web site
FRAMINGHAM, Mass. Staples announced that its business-to-business division, Staples Advantage, has launched a new Web site (StaplesAdvantage.com) to address customers’ growing demands for supplier consolidation and reduced procurement costs.
The site enables customers to view the full range of Staples Advantage’s products and services, including five newly integrated business-to-business service offerings, the company reported.
The five new services offered include:
“Businesses today are eager to create efficiencies in procurement given reduced human and capital resources,” said Jay Baitler, EVP Staples Advantage. “Our new StaplesAdvantage.com Web site helps our current and potential new customers understand how we can deliver much more than office supplies — to support their supplier consolidation goals and find new opportunities for savings.”