Is ZCMI purchase near? Rumors keep on swirling
Rumors that LDS Church-owned ZCMI will be sold have persisted and
company officials have continued to say that the rumors are
'speculation.' However, Richard H. Madsen , ZCMI's chairman,
president and chief executive officer, does say that the company is
trying to decide what to do, "It's the same thing that's been going
on for several months. As we've said before, we're currently studying
all of our alternatives."
Utahns have a mixed reaction about the merger with May
The purchase of ZCMI by May Department Stores Company is receiving
mixed reaction among ZCMI's customers. Customers fear that major
changes to the formerly LDS Church-owned stores will mean that their
shopping habits will change, while others are simply glad that the
stores have been saved, fearing that recent troubles would eventually
mean that the chain would go out of business.
Franklin Covey to let 600 go
In spite of a rise of two percent in its annual sales, Franklin Covey
Co., announced Tuesday that it lost $8.8 million last year (51 cents
a share) and would undergo a major restructuring, including the loss
of 600 jobs, in order to return the company to profitability. Already
180 people have lost their jobs as the company, which is dominated by
LDS leaders and workers, has started to concentrate on its core
business and sell or outsource 'non-strategic' functions.
New website tries to meet unique needs of LDS couples
LDS weddings are a bit unique. There is no open bar,
unless you count the free punch at the reception. Instead of a huge
cathedral decorated with bright candles, Latter-day Saints exchange
vows inside a small, yet beautiful room that barely holds all of the
relatives. The ceremony is a basic one, but one that Latter-day
Saints believe unites the bride and groom for eternity.
To meet
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