May 18, 2007

Discovery Closing All Stores

Discovery Communications Inc. will be closing all of its retail units by September, this will result in the laying off of approximately 1,000 people.

From a
Neil Adler article in the Washington Business Journal, Discovery has decided to market their considerable product line through partnerships with established retail chains. From the article:

"By eliminating our owned and operated brick-and-mortar storefronts, which are cost-intensive and complicated businesses, Discovery can focus its efforts on high-growth e-commerce and licensing operations, said David Zaslav, Discovery's president and CEO,”

From a previous article,
Discovery Employees Discover Pink Slips, Discovery has recently laid off 11% of their Silver Springs, DC operations, that was 200 people on April 16 and 80 in December.