Hints and tips:
...’s (now FedEx Office) have demonstrated....
...There’s so much fodder in here, what with undercover FBI agents; aliases (Sebbag a.k.a “Jonathan Cyrus”); Gmail accounts registered at a FedEx Kinko’s in California; a score of hedge funds....
...Excluding $1.2bn in goodwill from its acquisitions of Kinko’s and Watkins Motor Lines, earnings fell to 64 cents a share from $1.45. Revenue slumped 20 per cent to $7.85bn from $9.87bn....
...Renamed FedEx Office, the division will erase FedEx Kinko’s from its 1,900 stores over the next few years....
...FedEx took an after-tax charge of $696m to account for the declining value of the Kinko business and brand....
...FedEx reported a fourth quarter loss of $241m on a writedown for its Kinko’s unit and predicted a “very difficult” environment in the coming year....
...FedEx said it had lost $241m in the fourth quarter after rising fuel costs and a writedown on FedEx Kinko, its copy centre unit, took their toll....
...You can go and get your cigarettes and fill your tank up, that’s the whole concept behind FedEx Kinko, you can go and get your packaging shipping and pick up some posters or binders or pens or notebooks...
...As he announced plans to accelerate store openings in the next year, Ken May, FedEx Kinko’s chief executive, said in an interview with the FT: “Most people at FedEx understand [the importance of Kinko’s]...
...FedEx also said it was bringing its struggling FedEx Kinko retail division into a new division called FedEx Services along with its IT, advertising and marketing, and operations on its website....
...FedEx – whose business units now include FedEx Express, FedEx Ground and FedEx Kinkos – also has what it calls its “Market Councils” where, for a given region, staff drawn from all the FedEx units working...
...CD&R’s previous notable investments have included buying the Herz car hire operation from Ford, and Kinko’s, which it sold to FedEx in 2004....
...The weakest performance came from FedEx Kinko’s, the group’s retail division, which saw operating profits decline and revenues stagnate amid falling prices for its photocopying services....
...It is a $27bn corporation that includes entities such as FedEx Kinkos to deliver digital and physical documents services and business services....
...It, too, has been re-branded, and is now FedEx Kinko's. None of this seems to have hurt: FedEx's revenue grew by 10 per cent last year to $24.7bn, and net income rose by 29 per cent....
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