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KBNW Business Briefs for 05/07/14



BEND, OR -- On Tuesday, Whole Foods cut its profit outlook for the third time in recent months, signaling the intensifying competition the grocery chain is facing in the market for organic and natural foods.  The Austin, TX-based company has grown in popularity by positioning itself as a purveyor of wholesome foods.  Whole Foods has one location in Bend.

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Facebook is courting small business owners as part of its drive to increase advertising revenue.  The social media company's operating chief and "Lean In" author Sheryl Sandberg said Tuesday the key is showing business owners how to find new customers by creating Facebook pages and by buying ads that appear on individual users' pages. It's announcing a campaign called Facebook Fit with workshops in five cities to show small business owners how to use Facebook as a marketing tool.

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Office Depot is planning to close at least 400 U.S. stores, as its merger with OfficeMax resulted in an overlap of retail locations that can be consolidated.  The combined company's financial results beat Wall Street estimates for the January-March quarter and it raised its full year forecast for operating income on Tuesday.


If you see local news happen, call the Horizon Broadcasting Group News Tip Hotline at 541-323-NEWS, or email us.

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Topics : Business_Finance
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Locations : AustinTexas
People : Sheryl Sandberg
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