Kinko's, RIP
posted on: June 03, 2008
| about stocks:
FDX
I guess they're really serious about this integration thing. When high-end, business-friendly FedEx (FDX) bought low-end, consumer-unfriendly Kinko's, it paid $891 million for that hugely valuable (ahem) Kinko's brand. Which it's now jettisoning, writing off that $891 million in the process.
Henceforth, Kinko's is FedEx Office. Same surly low-wage, high-turnover employees, different brand. That should make all the difference.
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Felix Salmon
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This article has 3 comments:
Have you ever worked for them? Printing documents is not intended to be made a career of. Their wages are very competitive, especially if you don't have a college degree. Think before you speak.
See:
www.fedex.com/us/about...
As for the $891M figure, see: FDX - Fedex Corp: It's All In the Name!
www.crossprofit.com/ar...
CrossProfit
Disclosure: No conflicts.