Bad business news in a MultiCultClassics Monologue…
• FedEx saw 1Q profits plunge 55 percent, and predicts tough times ahead as fewer people send packages overnight. The truth is, overnight delivery simply isn’t fast enough for today’s demanding business wonks. FedEx is absolutely, positively fucked.
• Best Buy is seeing some worst sales, as 1Q profits dropped 15 percent. Wonder if Geek Squad has accounting skills.
• Eddie Bauer filed for bankruptcy. The outdoorsy apparel should come in handy when employees are thrown out into the streets.
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