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Mormon News: All the News about Mormons, Mormonism and the LDS Church
For week ended October 17, 1999 Posted 24 Oct 1999
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Business News

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."
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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.

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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.

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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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Copyright 1998, 1999, 2000, 2001 Kent Larsen · Privacy Information