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| + | earnings results for the fourth quarter... Tyson Foods said Monday that CEO Donnie Smith will step down at the end of the year and be replaced by the meat producer's president, Tom Hayes. The company, which makes Tyson chicken, Jimmy Dean sausage and Ball Park hot dogs, also reported disappointing earnings results for the fourth quarter... Read the story Dale Kirlin chalked up his brother's lawsuit to a "family disagreement that has spilled over into the court system." "The charges are without merit," he said. "We expect the ultimate dismissal of all charges." The lawsuit includes many "erroneous" allegations, including how much the brothers have paid themselves, Dale Kirlin said. Although Donald Kirlin's lawsuit pins the company's problems on his brothers' "negligence, recklessness and sheer incompetence," the entire Hallmark empire's chain of stores has shrunk over the years. Hallmark says on its website it has about 2,000 Hallmark Gold Crown stores nationwide,cheap retro jordans, including 1,650 that are independently owned. In 1996, there were 5,retro new jordans,000, according to a Hallmark news release that year. Some of the Gold Crown stores that closed were opened in the 1970s and '80s and their owners have retired, Hallmark spokesman Andy DiOrio said in an email. Others were in shopping malls that have closed or seen declining customer traffic as the retail landscape has evolved, he added. The greeting card market is expected to witness slow growth over the coming years, said Brijesh Kumar Choubey, lead consumer and retail analyst for research firm Technavio. In 2015, U.S. retail sales of greeting cards ?? excluding e-cards ?? rose by 1.5 percent to $8.59 billion, and are expected to reach $9.07 billion in 2020, according to industry tracker Sundale Research. One possible reason: The explosion of social media has rekindled old friendships and created new ones, resulting in the purchase of more cards to stay in touch with a growing network of friends. "A social media message isn't always acceptable for certain occasions," the research firm said in a July report. But growth rates of e-cards far exceed those sold in retail channels. In 2015, e-card sales rose by 4.6 percent to $868 million, and are expected to pass $1 billion in 2019. Hallmark, which wasn't named as a party in the lawsuit, is the biggest of about 3,000 greeting card publishers nationally, Sundale estimates. Donald Kirlin,cheap real jordans, who became a pilot instead of going into the family business,cheap jordan shoes, lives in Colorado. His brothers live in Illinois. Each owns about a third of Kirlins' stock. They're also the company's sole board members. Donald Kirlin repeatedly urged his brothers to hire professional managers to run the company or to retain consultants who might suggest improvements,cheap jordan shoes, but his request fell on deaf ears, the lawsuit says. The lawsuit also alleges conflicts of interest. Dale and Gary Kirlin took it upon themselves, without telling Donald Kirlin, to move management of the company's $16 million retirement plan to the brokerage firm of one of Dale Kirlin's sons, who "lacked appropriate experience," the lawsuit says. Another of Dale Kirlin's sons was made a store manager and later a district manager without evaluating his experience, the suit says. The brothers also moved the company's health insurance account, without Donald Kirlin's knowledge,cheap jordans online, to a firm run by a son-in-law of Dale Kirlin who wasn't qualified to oversee a plan covering more<ul> | ||
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