Kinko's, RIP

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.

Comments

[User 205753:]

"Same surly low-wage, high-turnover employees, different brand."

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.

2008 Jun 05 11:19 AM

[User 205753:]

Their advancement program is tremendous. Match dollar for dollar. Tuition reimbursement. What a dumb article.

2008 Jun 05 11:21 AM

[CrossProfit_:]

Fedex paid $2.4B (including debt) for Kinko's.
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.

2008 Jun 10 07:28 PM