Tandy Brands
Tandy Brands Accessories, Inc. designs and markets fashion accessories for men, women, and children. “Their merchandise is sold under various national brand names as well as private labels to all major levels of retail distribution” (biz.yahoo.com, 2008). Over the last several years, they have experienced a reduction in value, reflected by their declining stock price. According to the CEO, JSB Jenkins, their business … “has continued to be impacted by the generally difficult conditions in the consumer marketplace” (biz.yahoo.com, 2008).
This decline in company value has triggered a move by Tandy Brands to attempt to streamline its operations and find cost-saving measures to employ. In 2007, Tandy decided to close its belt making operations in Yoakum, Texas and ship production overseas for less expensive labor costs. While the receiving, distribution, and administrative operations remained in Yoakum, 165 people were to lose their jobs. This presented......
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Approximate Word Count: 375
Approximate Pages: 2 (260 words per double-spaced page) |