Printer Friendly
The Free Library
14,635,734 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

COMPUTER GLITCH FOULS UP HERSHEY DELIVERIES.


Byline: George Stawley Associated Press Associated Press: see news agency.
Associated Press (AP)

Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world.
 

Many little ghosts and goblins won't find Hershey chocolates in their trick-or-treat bags this weekend because trouble with the candymaker's new $112 million computer system fouled up deliveries.

It couldn't happen at a worse time for Hershey Foods Corp., the nation's biggest candymaker: More candy is eaten at Halloween than on any other holiday and Hershey's makes trick-or-treating favorites like Reese's Peanut peanut, name for a low, annual leguminous plant (Arachis hypogaea) of the family Leguminosae (pulse family) and for its edible seeds. Native to South America and cultivated there for millenia, it is said to have been introduced to Africa by early explorers,  Butter Cups, Twizzlers, Milk Duds Milk Duds are a milk chocolate-covered caramel candy. They are currently manufactured by The Hershey Company. History
According to the manufacturer, the word "Milk" in the name refers to the large amount of milk in the product and the word "Duds" came about because the
, Rolos, and, of course, Hershey's bars

The foul-ups are a sweet opportunity for some of Hershey's competitors, such as No. 2 Mars Inc., which makes M&M's, Snickers
''This entry is about the confectionery named Snickers. For other uses, see Snickers (disambiguation).


Snickers is a sweet bar made by Mars, Incorporated.
 and Mars bars The Mars Bar is a chocolate bar manufactured by Mars Incorporated. It was first manufactured in Slough in the United Kingdom in 1932 as a sweeter version of the Milky Way bar which Mars produced in the USA. , and Nestle, which makes Baby Ruth, Butterfinger and Nestle Crunch.

And if Hershey can't fix the problems soon, this year's Christmas stockings could be stuffed with a lot fewer Kisses and more Snickers.

Hershey planned to bring the computer system online during a slow period in April, but was forced to delay that until July when development and testing remained incomplete. Since then, problems with ordering and distribution have followed.

Hershey announced a 16 percent drop in third-quarter earnings per share earlier this week, and Chairman and Chief Executive Kenneth L. Wolfe acknowledged the distribution woes have led to lost sales and increased costs.

Hershey officials would not discuss the troubles Friday, but a recording on a consumer hot line acknowledged computer problems had led to ``some difficulty in distribution.''

Hershey shares gained 25 cents to $50.50 Friday on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
, but remain near their 52-week low of $47.50.
COPYRIGHT 1999 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Oct 30, 1999
Words:257
Previous Article:IHOP ENTERS MARKETING PARTNERSHIP WITH STUDIO.(Business)
Next Article:MERGER NEWS TRIPLES DIGITAL'S STOCK PRICE.(Business)
Topics:



Related Articles
HERSHEY FEEDS STREET BITTER ESTIMATES.(Business)
OUR OPINION; BE Y2KOOL; THERE'S A TIME FOR GOING OUTRAGEOUS, BUT ON NEW YEAR'S EVE COOL-HEADED CAUTION OUGHT TO BE THE RULE OF...
KING OF CANDY HILL; HERSHEY MOVES TO ADD JOLLY RANCHER TO ITS STABLE.(BUSINESS)
SWEET ESCAPE : HERSHEY: THE TOWN THAT CHOCOLATE BUILT.(TRAVEL)
NESTLE MAY BUY HERSHEY TRUST WON'T BAR WHAT'S POTENTIALLY THE SWEETEST DEAL IN CANDYLAND.(Business)
NESTLE GETS HOT POCKETS IN NEW BUY CHEF AMERICA DEAL IS SET.(Business)
NESTLE'S SWEET TOOTH FOR HERSHEY SHOWN.(Business)(Statistical Data Included)
Bittersweet deal: potential Hershey sale put on hold. (Foundations).
Gerald "Jerry" Urich.(balanceSHEET; Hershey Foods Corp. )
Hershey Foods.(Mexico)(subsidiary buys Grupo Lorena)(Brief Article)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles