Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
FedEx 3Q earnings tumble 75%
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Ricochet1a" data-source="post: 548693" data-attributes="member: 22880"><p>Kinko's no longer exists... It is FedEx Office. That little change and the write off of the "goodwill" of the Kinko's name cost FedEx about $800 million. Another $800 million has been lost due to the operating losses of "Office" since its purchase almost 5 years ago. This is a case of the "Borg" attempting to "assimilate", and getting a serious case of indigestion.</p><p> </p><p>FedEx would've been better off copying UPS's model of establishing franchises of "FedEx Store", and letting the owners pick up the headache of running the individual stores (much like Ground operates with ICs)...</p><p> </p><p>This is another example of "proof" that Ground's model was established with the primary intent of keeping out the Teamsters. The model of the UPS store existed for a few years before FedEx bought Kinko's. FedEx would've been better off offering franchise operation of "FedEx Store's", and letting the owners take the headaches (much like Ground). Since there wasn't a fear of these stores being organized by unions, FedEx went ahead and purchased Kinko's lock, stock and barrel, and ran them as a separate FedEx operating company (thinking they had the expertise to make it profitable). If Kinko's had some sort of union, that poison pill would've been too much for FedEx to swallow and they would've forgone the purchase.</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 548693, member: 22880"] Kinko's no longer exists... It is FedEx Office. That little change and the write off of the "goodwill" of the Kinko's name cost FedEx about $800 million. Another $800 million has been lost due to the operating losses of "Office" since its purchase almost 5 years ago. This is a case of the "Borg" attempting to "assimilate", and getting a serious case of indigestion. FedEx would've been better off copying UPS's model of establishing franchises of "FedEx Store", and letting the owners pick up the headache of running the individual stores (much like Ground operates with ICs)... This is another example of "proof" that Ground's model was established with the primary intent of keeping out the Teamsters. The model of the UPS store existed for a few years before FedEx bought Kinko's. FedEx would've been better off offering franchise operation of "FedEx Store's", and letting the owners take the headaches (much like Ground). Since there wasn't a fear of these stores being organized by unions, FedEx went ahead and purchased Kinko's lock, stock and barrel, and ran them as a separate FedEx operating company (thinking they had the expertise to make it profitable). If Kinko's had some sort of union, that poison pill would've been too much for FedEx to swallow and they would've forgone the purchase. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
FedEx 3Q earnings tumble 75%
Top