FedEx introduces new Design & Print Centre
FedEx Office – formerly FedEx Kinko’s – has announced the formal introduction of its Design & Print Centre solution.
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Retail outlets bring more pain to express operators
FedEx stated that it would take US$1.2 billion in charges in its fiscal fourth quarter, which ended on May 31. The lion’s share of this is an $810 million charge against its retail outlet chain Kinko’s, which it acquired in 2004 and subsequently rebranded FedEx Office.
Read MoreFedEx Office cuts 650 workers
FedEx Office is cutting 650 jobs worldwide, as the company plans to shut FedEx Kinko’s stores in the USA, Australia, the Netherlands and Mexico. Australia has arguably been the hardest hit, with approximately 200 jobs set to go in the US, and 250 Australian jobs making up the 450 jobs likely to be cut outside the US. Likewise, 17 stores in total will be closed outside the US, 11 of these in Australia.
A formal date for these closures is yet to be set, though the company says it is aiming to have them all done by May 31st, the end of the US financial year.
The company rejected the notion that the decision was made in light of this week’s stock market plunge which has signaled a global economic downturn.
Robertson claims the company didn’t take the decision lightly, and canvassed a variety of options before settling on a pull-out.
With roughly 250 employees on its books in Australia, the company says it is hoping to find positions for some of them in other areas of the FedEx corporation.
It’s likely that most of the closures will be staggered over the coming months, as the company assesses the matter on a store-by-store basis.
Read MoreFedEx Office expands presence in the Middle East
FedEx Office, an operating company of FedEx Corp. and Al-Kharafi Group announced the official opening of the first FedEx Kinko’s location in Beirut. The new center is located in the Sassine Square-Achrafieh business district and will help meet the growing demands of local small and medium businesses (SMBs) and mobile or traveling professionals.
As the only industry brand that offers 24/7 business solutions, the new FedEx Kinko’s location provides a one-stop shop for document solutions and business services, including copying, digital printing, professional finishing, large format printing, signs and graphics creation, Internet access, and computer rentals. In addition, the center offers access to FedEx Express international shipping services and is open 24 hours, seven days a week.
The first FedEx Kinko’s Middle East location opened in 1998 in Dubai. Earlier this year, FedEx Office and Al-Kharafi Group opened a center in Dubai in January and another in Kuwait City in June. With the addition of the Beirut center, there are now nine FedEx Kinko’s locations in the region, including four centers in United Arab Emirates (UAE) and four in Kuwait.
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