Piercing Pagoda profits sag
Article Abstract:
Piercing Pagoda Inc. (Bethlehem, PA) recently acquired four companies, including its major competitor Sedwich Sales Inc. (Nevada), but saw profits dip. The national chain runs kiosks in U.S. malls in 43 states, selling 10 and 14 caret gold jewelry. Profits for same-store sales dipped 3.1 percent. This translates to a 9 percent drop from $11.2 m to $10.2 m. This is the first downward statistics for the company since the acquisitions. Previously, the company had enjoyed four years of expansion. One critic, however, believes the problem is in the company's high expectations of profits and changes resulting from rapid expansion that is not reflected in the corporate structure.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Soothing the savage beasts
Article Abstract:
Ambler, Penn.-based Incentive Media has produced a compact disc of music for pets. Animal care professionals have described a phenomenon in which pets suffer anxiety due to separation from their owners. The CD recording, which has gained popularity with local pet businesses. pet owners, and animal advocates, has sold 5,000 of the three-disc sets. The CD set, which is available on Amazon.com and at certain Petco stores, has been endorsed by the American Society for the Prevention of Cruelty to Animals (ASPCA).
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Fighting city hall. Rolling on the river. i Tenemos trabajo viajaremos!
- Abstracts: Towering occupancy. From bovine to breakfast
- Abstracts: $660 million annual profit for Campbell. Moving away from the kitchen. Siting spin-offs, Campbell reports a loss
- Abstracts: Overseeing steady ascent. A hearing aid that 'listens'. CEO out as Mediq misses a payment
- Abstracts: Livingston tract sells. Crossing the border. Back it up