Tandy Brands Synopsis

Tandy Brands Tandy Brands Accessories, Inc. designs and markets fashion accessories for men, women, and children. Their merchandise is sold under various home(a) brand names as well as semiprivate labels to all major levels of retail distribution (biz.yahoo.com, 2008). Over the choke several eld, they fox experienced a reduction in value, reflected by their declining stock price. According to the CEO, JSB Jenkins, their business … has continued to be impacted by the generally difficult conditions in the consumer mart (biz.yahoo.com, 2008). This decline in company value has triggered a give the sack by Tandy Brands to attempt to streamline its operations and find cost-saving measures to employ. In 2007, Tandy decided to close its belt making operations in Yoakum, Texas and ship production overseas for less expensive wear down costs. While the receiving, distribution, and administrative operations remained in Yoakum, 165 pile were to lose their jobs. This presented management with the issue of which media choice to employ. Taking the complexness of the matter into account, the CEO decided to use face-to-face confabulation to announce the news. This rich medium was ideal because of the amount and guinea pig of data being transmitted.

Unfortunately for Tandy Brands, their stock value has non recovered as a result of the production blend in (A graph of stock prices over the last 3 years can be found on the last rascal of this reading). Recently, plans have been announced to take further steps toward realizing their developing goals. The company announced the closing of a distribution adeptness in Wisconsin during the third quarter of 2008. Tandy will also concentrate on improving its core business, diversify by act new licenses and label programs, and restricting its management. Many companies have issues relating to move stock prices. Tandy Brands is certainly one of those suffering. While steps have been taken to reduce costs and increase revenue, further changes motivation to be... If you want to get a full essay, order it on our website: Orderessay

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