Retail Industry
Industry: Email Alert RSS FeedHouse shuts some doors.(Columbia House)(Brief Article)
Video Business, April, 2001
* Competition from online sales has taken its toll on mail-order firm Columbia House. With sales sagging at its music and video clubs, the company is shuttering two distribution facilities and has pink-slipped about 500 employees. "Sales are off in both music and video, but music is down more than video," a spokesman said.
Columbia House's distribution facility in Bloomington, Ind., will be closed in about two months, the company said, affecting about 190 employees. A second facility, in Colorado Springs, Colo., will be closed by the end of the year, affecting 500. An additional 43 people in the company's New York headquarters were laid off. The company's video fulfillment operation, which had been handled primarily out of Bloomington, will be consolidated into...
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