Hain Celestial, maker of Terra Chips, Celestial Seasonings, Garden of Eatin’ and other natural and organic foods, announced the final implementation of its Stock Keeping Unit rationalization program. The company is eliminating 500 SKU’s that are competitively disadvantaged, as a result of small production runs, and low volume of sales. The company expects to save $2 million, with savings coming from reduced spoilage, warehouse and procurement costs, consolidation of copackers and other efficiencies. The eliminated SKU’s have annual sales revenue of $15 million; their sales volume is expected to be replaced by introduction of new items by Hain Celestial over the next 12 to 18 months.
Maryland Professor Documents Dot-Com Ventures
The Chronicle of Higher Education reported that David Kirsch, a University of Maryland Professor, has created an electronic archive, documenting the rise and fall of Internet-related ventures over the period 1996 through 2002. The archive, which was started thanks to grants from the Alfred P. Sloan foundation and the Library of Congress, so far lists basic information for 2,400 dot-com companies, with about half of these entries fleshed out with business plans. The archive also offers “Top Ten Lessons from the Dot-Com Meltdown.”
Tags: David Kirsch, dot-com lessons learned