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Stock impact report

Changing customer needs caused Wendell August move [Yahoo! Finance]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: Yahoo! Finance
of a changing customer base that required far less space, a company executive said. "This really was a difficult decision for us," Christian Werner, Wendell August's president said, in a Friday phone interview. "We love the building we're in." The company said Wednesday that it was moving its giftware metal forging operations 9 miles away to Slippery Rock. But also said it was relocating its Springfield Township retail store, located in the same building as its production center, about a mile east to Premium Outlets at Grove City this summer. Over the past 20 years, Wendell August's consumer sales have risen, Werner said. "But our commercial side has grown a lot more," he said. Wendell August is moving from its 52,000-square-foot building in Springfield Township to a 27,000-square-foot center on Arrowhead Drive in Slippery Rock, Werner said. The company has an exclusive licensing deal with the NFL, which covers the Pittsburgh Steelers and Cleveland Browns, and the Super Bo Show less Read more
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