NovaCare expects first-quarter profit to fall short, sending shares plunging

Article Abstract:

King of Prussia, PA-based health-services provider NovaCare Inc. reported that it expects its fiscal first-quarter per-share earnings to be as much as 50% below 1997's level, as the company continues to struggle with the industrywide problem of moving to a new Medicare-payment system. Problems in the long-term care business are blamed for the company's poor showing.

Comment:

Reported that it expects its fiscal first-quarter per-share earnings to be as much as 50% below 1997's level

Medical Services NEC, Other Ambulatory Health Care Services, Medical care, NovaCare Inc.

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Levi Strauss to cut 1,000 jobs in the U.S., propose closing four European plants

Article Abstract:

Levi Strauss & Co. will downsize almost 1,000 jobs in the US and plans to shutdown four production facilities in Europe. The proposed plant closings would lower the company's labor force by approximately 20%. Levi's announced that it would shutdown to finishing centers in El Paso and Amarillo, Texas. This move would lead to the downsizing of approximately 990 jobs.

Comment:

Levi Strauss to downsize almost 1,000 jobs in the US and plans to shutdown four production facilities in Europe

Strategy & planning, Labor force information, Apparel & Related Products, Apparel Manufacturing, Levi Strauss & Co.

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Hilifiger's fashion empire starts to show some wear; sales growth slows and stock slips as men opt for rivals cheaper clothes

Article Abstract:

Tommy Hilfiger Corp. is experiencing a slowdown in its core, casual menswear business. When corporate casual first appeared in the early 1990s, confused men flocked to Mr. Hilfiger because he offered a recognizable brand name and stylish products. Now many men are turning to cheaper clothes from Banana Republic, J. Crew, the Gap Inc. and American Eagle Outfitters.

Comment:

Is experiencing a slowdown in its core, casual menswear business

Males' Clothing, Retail, Men's Clothing Stores, Tommy Hilfiger Corp.

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