TITLE

Stock and Ferguson feel pinch

PUB. DATE
June 2008
SOURCE
Home Channel News;6/16/2008, Vol. 34 Issue 7, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the plans of Wolseley Group PLC, a Great Britain-based parent company of Ferguson and Stock Building Supply, to reduce the operating costs of its subsidies operating in the U.S. The plans arise due to the continuous housing market slowdown in the country. Executives at Wolseley announces their plans to focus on cost reduction and cash flow enhancement of its subsidies through further restructuring, branch closures, layoffs, and selective asset disposals.
ACCESSION #
33062289

 

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