Two months after a similar move by FedEx, UPS has announced changes to its dimensional weight pricing schedule – with a twist. FedEx plans to decrease its DIM divisor from 166 to 139 as of Jan. 2, effectively increasing the shipping costs on millions of ecommerce parcels. UPS is also lowering its divisor to 139 as of Jan. 8, but is exempting, at least for now, domestic air and ground parcels that are less than one cubic foot (1,728 cubic inches). Effective Jan. 8, UPS will follow FedEx by assessing its additional handling charge on any package whose longest side exceeds 48 inches, down from the previous 60 inches. UPS is also increase the over-maximum package charge from $110 to $150; items shipped by UPS Freight will be exempt from the charge. click Read More below for additional detail
Barnes & Noble, Inc. (NYSE: BKS), the nation’s largest retail bookseller and a leading retailer of content, digital media and educational products, today announced that Demos Parneros has been named Chief Operating Officer. Mr. Parneros, whose appointment is effective immediately, will report to Len Riggio, Chairman and CEO of Barnes & Noble. In his new role as COO, he will work closely with Mr. Riggio on all aspects of Company operations including stores, merchandising, e-Commerce, systems and real estate.
Mr. Parneros joins Barnes & Noble from Staples, Inc., where he was President, North American Stores & Online. He has 30 years of leadership experience in all aspects of retail management, including operations, human resources, merchandising, e-commerce, marketing and real estate. Mr. Parneros started his career at Staples as General Manager of its first New York City store in 1987. He worked his way up the ranks through multiple management positions, including SVP Mid-Atlantic Operations, President, US Stores, President, US Retail, and President North American Stores & Online, where he was responsible for a team of 50,000 associates, across 1,800 stores, and Staples’ online business.
“We couldn’t be happier to have Demos join Barnes & Noble, given his wealth of experience in specialty retail,” said Len Riggio, Chairman and CEO of Barnes & Noble. “We believe his enviable track record will lend itself well to our priorities to grow our business and to bring value to our shareholders. Demos has been a strong leader throughout his career and we believe he will be successful in adapting to the bookselling industry.”
Mr. Parneros is a graduate of New York University with a Bachelor of Science in Management and Harvard Business School’s Advanced Management Program. He is currently a member of Keycorp’s board of directors and member of the board of advisors of Modell’s Sporting Goods. He is married and has 2 children, and currently resides in Sudbury, Massachusetts.