May 5, 2015   School Closings
Listen Live WCPN / WCLV
ideastream
Mission 4
Values 1
Values 2
Values 3
Vision 3
Vision 4
Vision 5
Values 4
Values 5
Values 6
Vision 1
Vision 2

Choose a station:

90.3 WCPN
WCLV 104.9
WVIZ/PBS

Brooklyn-based Greeting Card Giant American Greetings Posts Big Loss

Share on Facebook Share Share on Twitter Share

Brooklyn-based American Greetings posted a painful loss for the last three months. The greeting cardmaker blamed a $50 million dollar loss last quarter in part on a tough market and tight sales. The company also took charges related to cost cutting measures - like cutting 275 jobs, 175 of those were local jobs. Earlier this month the company announced it sold off all of its retail stores.

Tuesday, April 28, 2009 at 11:24 am

Main Topic

Comments