cut-costs

Excess Federal Property a Game Changer for Commercial Real Estate

by on June 2, 2011

Costar…

Through an aggressive push in Washington, DC, to cut costs and improve operational efficiencies, the federal government’s listings of properties for sale could balloon from less than a hundred or so to include potentially thousands of properties – and also, reduce the government’s reliance on leased space. The effort is already influencing how landlords and brokers make decisions affecting commercial real estate . With pressure building to lower…

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Excess Federal Property a Game Changer for Commercial Real Estate

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Retail Watch: Nor’easter Challenging SuperValu

by on January 19, 2011

Facing identical store sales of a negative 4.9% in its third quarter, grocery store owner operator SuperValu Inc. is planning to cut costs including layoffs and closures and/or the sale of some of its store brands in the Northeast U.S. As a group, SuperValu’s Northeast banners pulled down corporate-wide store sales by more than 150 basis points in the third quarter, Craig Herkert, the company’s president and CEO, reported in his company’s third…

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Retail Watch: Nor’easter Challenging SuperValu

Retail Watch: Nor’easter Challenging SuperValu

January 19, 2011

Facing identical store sales of a negative 4.9% in its third quarter, grocery store owner operator SuperValu Inc. is planning to cut costs including layoffs and closures and/or the sale of some of its store brands in the Northeast U.S. As a group, SuperValu’s Northeast banners pulled down corporate-wide store sales by more than 150 basis points in the third quarter, Craig Herkert, the company’s president and CEO, reported in his company’s third…

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Moroccan mortgage lender ‘hoping for 2010 resurgence’

March 18, 2010

18 Mar 2010 Moroccan mortgage lender CIH is seeking to cut costs and return to an estimated ten per cent profitability figure in 2010. Shares tumbled this week after the firm reported an 83 per cen…

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10-Year Plan Indicates Post Office Closures

March 7, 2010

Faced with a probable $238 billion shortfall over the next 10 years, the United States Postal Service has outlined a new plan to cut costs and return the agency to long-term profitability. The Postal Service’s new plan outlined several additional…

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Retailers Likely to Close More U.S. Stores After Over-Expanding: Analysis

February 4, 2010

Feb. 4 (Bloomberg Multimedia) — Retailers are likely to close more U.S. stores to cut costs in the months ahead after expanding during the recession, an analysis shows. Click here for a Bloomberg Multimedia interactive visual analysis of retail store numbers. # # -0- Feb/04/2010 10:15 GMT

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Renault in talks with partners to cut costs

December 17, 2009

Renault in talks with partners to cut costs

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Video: Wang Says Seaspan Cutting Costs by Slow Steaming: Video

December 11, 2009

Dec. 11 (Bloomberg) — Gerry Wang, chief executive officer at Seaspan Corp., a Hong Kong-based shipper, talks with Bloomberg’s Pimm Fox about efforts to cut costs. Wang says he’s reducing fuel expenses by utilizing a practice called slow steaming. (Source: Bloomberg)

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YRC Worldwide Nears Key Date On Debt Requirements

October 9, 2009

detail. Analysts said YRC has been using cash at a high rate despite its efforts to pay down debt and raise money through real estate sales, or its efforts to cut costs through employee concessions, layoffs and other means. Wolfe Research analyst Edward

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Layoffs & Closures: Postal Service Looking To Cut $6 Bil. in Costs thru Layoffs, Property Disposals

September 2, 2009

As part of a massive ongoing effort to cut costs, the U.S. Postal Service has negotiated an agreement with two of its employee unions to offer As many as 30,000 employees a financial incentive to retire or resign before the end of the fiscal year. The…

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