Has anyone else heard about this? Heard this from someone not employed with the company but in industrial real estate.
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yes
Yet they renew a lease on a Boston office. Stellar money management there.
Back in the day when you wanted to talk about how great Thomson was you mentioned that KDC was at that time the largest single poured concrete slab in the world as an edifice to our resources.
My how times have changed.
The party ended years ago. The lights are going out now.
Almost certainly they will keep the warehouse and distribution in place, as that is a vital business function and a minor profit source via the outsourcing services they perform there for other companies. It looks like the office-based operations currently based in KDC will be relocated to Mason.
They have been taking down the workstations in the office areas of the Kentucky building. There are skids of cubicle walls and chairs in the warehouse. Rumor is that entire areas in the office are vacant. Something big is going on but nobody seems to know exactly what. We're just told to mind our own business. As long as there are books to ship they will likely keep the DC part of the building. It's not like they can just pick up and ship from another location as that would take a large sum of money to move everything and they are wanting to save money not spend it.
They are 100% not renewing in the lease in Kentucky on the distro building. Will be out by end of 2025.
The plan is to go all in on eBooks produced exclusively by CPI. No more US content and technology, with sales slowly moving to India as well (CSI coming soon?)
It's over guys.
Who knows. Cengage is moving from print to ebook only. Maybe that could be part of the process?
They don’t own the building. They rent it.
I doubt it. Maybe they'll rent it out. It's still a distribution center for physical, so I honestly doubt it.