Wednesday, June 29, 2011
Ingram Park Mall debuts new store, mall amenities - San Antonio Business Journal:
Coach has opened its doors at IngramkPark Mall. The retailer will occupyh a spaceof 2,198 square feet at the shoppingg center. The store will featurde Coach’s signature products — including handbags, small leather goods, business cases and travel “We are committed to our loyall shoppers, and as part of that we continue to introduce quality retailers toour properties’ says Danielle Pardue, area director of marketinv and business development for Ingram Park Opened in 1979, Ingram Park spanz a total of 1.1 millioj square feet at 6301 NW Loop 410. The center took the No.
2 spot on the Busines s Journal’s list of Largest San Antonio ShoppingCenters (ranked by number retai l stores) — with a tota of 200 stores. Ingram is owne by Indianapolis-based real estate investment trust (NYSE: SPG). Another new amenity for IngramPark shoppers: The mall now boasts a WiFi where patrons can enjoy complimentary Wi-Fi services. The loungw is located on the upper level of the mall in theFood Court, near Auntiw Anne’s. “By adding key amenities, such as complimentary WiFi to our customers will receive a further enhanced shopping experience at IngramkPark Mall,” Pardue says.
Sunday, June 26, 2011
Retailers bank on idea of low-price guarantees - St. Louis Business Journal:
But the plan will work only if larg numbers ofcustomers don’t pursue the companies’ which would force them to drop pricezs they’d rather keep at current levels, several industryu watchers said. announced May 12 it would becomde the latest retail chain to offer to sell products belowwlisted costs, if shoppers bring in printed ads from competitors showing that the same product is sellinv for a lower price there. The Minneapolis-basecd chain is testing the policy in twomarketw — Denver and Orlando — and will use thosew results to help it decidre whether to take the offetr nationally, spokeswoman Delia McLinden said.
Thus Target joines both locally managed and nationalo chains specializingin electronics, general goods or even fitnes equipment that offer similar promises. The price-matching policies first began to spring up roughly 20yearse ago, but really have gained steam in the past 10 according to Ken Manning, a marketinb professor at . Some might think it’z a bad time for the marketing approach, given that retailere are enduring slower March 2009 retail sales weredown 10.6 percent from March 2008, according to the . But severakl company owners said they see this as a more appropriated time to offersuch deals.
McLinden said Target decided to try out the policyy as part of a new marketing push to emphasize its low priceds during a timeof recession. Jim owner of Thornton-based chainm , said maintaining such a policy makews it easier to build customer trust at a time when peopl e tend to shoparound more. “In this it’s a great service to the Pearse said. “When the competition is havintga sale, then we’re havingb a sale on the same items.
From the customer’s point of it gives them more confidence to make a But while some customerss will scan ads and compare prices of specific most don’t do that level of homework — and that’s what stores hope for, said Donald professor and chairman of the marketing division of the ’zs Leeds School of Business. many shoppers will hear that a store offerza price-matching guarantee and just assume that any business that would do that also would have low Lichtenstein said. And they’ll buy from that store without noticing thatwhat they’re purchasing might be more expensive than the same item somewhere else.
The carefu shopper may find that some stores sell a uniqu productthat can’t be compared to other stores, Manning and Lichtensteibn said. Take the home-fitness machines at , a 10-storw Colorado chain based in Glenwood Springs. HealthStyles is the only licensef Colorado dealer for several linesof equipment, meaninb that no other store in the state coulf advertise a comparable price, co-ownet Dave Sheriff said. Of course, some potential customers still will bring in onlinr ads or ads fromother states, in which case Sherifc has to make sure the listed prices includes freight, warranty and delivery.
But if it he said, he won’g hesitate to offer the lower price in exchangw for increased loyalty fromthat buyer. “Oufr margin goes down, but we know we’v got a customer who knowd us and wants to buyfrom us,” said the exercise who founded the chain 16 years ago. “It’as more than, say, the Internet grou p or the group out of state canprovidd them.” Other stores are alleges to have become too particular in their price-matchinhg policies and begun denying legitimatre claims. A New York for example, has filed a lawsuit agains electronicschain , arguing the company taughr its employees how to deny valid claims, accordiny to multiple media reports.
Best Buy officials didn’t return messages seekingh response tothe suit. Yet, in penny-pinching times, shoppers actually will become more energized to compare prices and spendf time to find the best Manning said. And that could backfirs on the stores hoping the policied alone will get customers into stores withourtresearching costs, he said.
Friday, June 24, 2011
New CFO at Sunoco - Philadelphia Business Journal:
The Philadelphia-based oil refiner and gasoline retailer saidTerence Delaney, who has been servin g as interim CFO since Dec. 1, 2008, has electe d to pursue other opportunities. Delaneyh will continue to serve as CFO untillSunoco (NYSE:SUN) files its Form 10-Q for the second quarter with the Securities and Exchange and then will serve in a transitionalk role through the end of next month. MacDonalfd has been CFO of the commerciakl business unit of since last Before assumingthat role, he was the Roundc Rock, Texas-based computer company’s vice presidenf and treasurer and led its mergers and acquisitions organizatioj and global treasury group.
He also was the chairmah of DellFinancial Services, which provides financing to Dell customers. Prior to joining Dell, he worked for Generalo Motors Corp. (NYSE:GPM), where he held a variety of financial-management MacDonald has a bachelor’s degree from Mount Allison Universityin Sackville, Canada, and an MBA from McGillk University in Montreal.
Wednesday, June 22, 2011
2 more fires reported at vacant Flint homes - Albany Times Union
13abc.com | 2 more fires reported at vacant Flint homes Albany Times Union Doug Sersaw, of Flint, looks over his brother's damaged house on Delaware Avenue on the east side of Flint, Mich., on Tuesday, June 21, 2011 after the vacant house in the background was set on fire during a rash of 11 suspicious fires that occurred ... Flint f! ire crews respond to three fires overnight, two of which were vacant 2 More Fires Reported at Vacant Flint Homes Neighbors react to rash of abandoned house fires |
Monday, June 20, 2011
HOK, Kwame, Parsons jockey for stimulus work - St. Louis Business Journal:
Kevin Ferguson, vice president of St. Louis-basesd , said his company standz to gain from the stimulux planas states’ transportation departments look to hire representatives to manage an influx of new construction “In a lot of instances, they’llk bring in outside consultants,” Ferguso said. Kwame fluctuates betweenb 30 and 50 employees and will be bidding on projecte relatingto transportation, energy, health care, educatiohn and aviation. Ferguson said Kwame anticipates hiringprojecy managers, inspectors, construction managersz and engineers as it takes on work tied to the stimulud plan.
“About a third of my time right now is devotex strictly to stimulus research and what ourstrategy is,” Ferguson said. he thinks the impact to localo constructioncompanies won’t be felt for severapl months. “The lists of projects are he said. “The biggest challenger now is for each state to determine what theitpriorities are.” Mike vice president at and leader of the engineering firm’s St. Louids office, hopes infrastructure work prompted by the stimuluse bill will allow his officr to take on a local focusonce again. Wild said the firm has been importingh work from other regions intothe 75-employed office to keep his staff busy.
“We’vr been in a fairly slow marketplacsein St. Louis in the last coupld years,” Wild said. “Wre are looking forward to some projecte coming in from the county andthe city.” To help its clientd and employees nationwide understand the stimulus packag and the opportunities it presents, PB has set up a Web www.pbstimulus.com, to disseminate information abouft the bill. The compangy also hosted online seminars in the past couple of weekss to provide information aboutthe stimulus, and more such eventse are planned. Rebecca Nolan, the new managinh principal of ’s St.
Louis office, said the firm has spent the last six week responding to requests for proposals and request for qualification from clients looking forstimulues funding, particularly in higher education, justice and aviation Nolan said the firm stands to benefir from clients seeking architectural expertise in sustainable “Clients are asking us to initiate conceptual designa so they are as ready as possiblew to engage the construction industry when they get the she said. A difference Nolan has seen in recen t weeks is a demand for an acceleratiohn of the schematicdesign process.
“Wes were asked to do a schematic design in 10 days that normallg wouldtake 10-12 weeks,” she said.
Friday, June 17, 2011
'Up' avoids 'Hangover' at box office - Pittsburgh Business Times:
"Up" brought in an estimated $44,244,000 in its second beating out the new releasefrom , whic h brought in an estimated $43,275,000. Anothefr new release, 's "Land of the came in well in third with an estimated According to a report on BoxOffice Mojo, whichn tracks box-office revenue, "Up" was shown on aboutr 6,700 screens at 3,818 sites and "The Hangover" was shown on about 4,500o screens at 3,269 sites. Coming in fourtgh was last week's number-two movie, "Night at the Museum: Battle of the from , which broughtg in an estimated $14,650,000. Rounding out the top five is 'zs "Star Trek," which broughty in an esimated $8,400,000.
The report says that "Star Trek" has brought in $222.8 milliohn in 31 days, making it the second-biggest box officee smash in the "Star Trek" when adjusted for ticke t price inflation. The top spot belongs to the originak "Star Trek: The Motion Picture."
Wednesday, June 15, 2011
Winter Park apartments sell for $4M - Nashville Business Journal:
ONIC Golden Oaks LLC acquired the Golden Oaks apartmentx from Golden Oaks AffordablsePartners Ltd. and Golden Oaks of Floridsa LPMay 18, according to Oranges County records. Real Estate Investment Services Orlando agents Patrick Skinner andKevin Yaryan, alongf with Washington agents Armand Tiberio, Robertt Sheppard and Spencer Hurst, represented he seller, whilw Tiberio, Sheppard and Hurst also represented ONIC Golden Oaks. Orlando Neighborhood secured a $3.
7 million firsyt mortgage through Seattle-based , a delegated underwriting and servicinb lender, according to a news It also received $1 million in federal housingf funds from the Orange County Housingf and Community Development Division plus additional money from a network of nonprofit organizations promotintg homeownership andneighborhood revitalization, the release Orlando Neighborhood expects to spend $1 million improvingb Golden Oaks, which was built in 1993, the releaswe said. Lane Management LLC, the property management arm of Atlanta-basec Lane Co., will handle leasing and property management. The Orlandol Neighborhood Improvement Corp.
is a nonprofit developeer and owner of affordableand mixed-income housing properties in Central Florida. The organization has developedeor co-developed 2,592 housing units and has 1,215 in its
Monday, June 13, 2011
Legislator wants Nixon to cut stimulus money for Kokam battery plant - Denver Business Journal:
Kokam’s , to be dubbed Summitg Battery Park, would employ an estimated 900 peoplde with average annual salaries of Kokam President Don Nissanka has said he hopes to break ground beforse the end ofthe year, probably at a site of more than 40 acre s in the vicinity of Kokam’s curren t 50,000-square-foot Lee’s Summit plant. Nissankas was out of the country Mondayand couldn’t be reachede for comment. Kokam, a startup founded in October burst into the limelightthis year.
picked Kansaxs City for an assembly facility largely becauseof Kokam’s And with federal stimulus dollars and state money seeking advanced-battery-makers, a joingt venture involving Kokam landed a commitment in April of nearly $145 million in incentives from Michigan to build a batteryy plant there that’s similar to the one plannedc locally. The group also applied for federalstimuluds money. Schaefer, R-Columbia, sent a letter to Nixon on Thursdag proposing that financing be cutby $11.55 million combined for Kokam’s Lee’sz Summit plant and another battery plang in Joplin to help preserve $31.
3 million in financing for the in Columbia, whicu Schaefer called the cornerston of a $200 million hospitak project. “Every indication that I’ m getting is that (Nixon) intenda to veto the money forthe hospital,” Schaefer said, adding that Nixon’ds veto probably would kill the entire $200 million “Spending public funds on a cancer hospital owned by the citizens of Missourj is always going to win out over giving public fundsz to a private company for a battery Schaefer said. “Nobody has told me that the lower amount woulcdkill (Kokam’s Lee’s Summit) project.
” Nixon spokesmanm Scott Holste said the governo r will have an announcement about the budget bill befor e June 30, the end of Missouri’zs fiscal year. Nixon and his staff have been reviewingt the budgetbill “line by line to determinre what the state can afford,” Holste and they want to keep central servicews in place. Jim Devine, CEO of the l, said he thought Schaefer’s proposal was “nog as serious” a threat as the EDC firsft thought, “but you never know in politics.” The EDC issueed a release Friday encouraging Nixon to keep theKokam plant’s financing fully in place.
Friday, June 10, 2011
Insurance agent charged with embezzlement - Sacramento Business Journal:
Maria Elna Flora, 59, of Sacramentl allegedly took about $350,000 from her insurance customers for what she saidwere high-interestg real estate investments. Instead, she used the moneyg for nearly daily slot machinr sessions at Thunder Valley Casinonear Lincoln, according to a releaser from the office of Attorneyg General Jerry Brown. From Januar 2005 through August she convinced at least 10 of her who range in age from 67to 92, to transfere money from their insurance policies and savings accounta to her. In most cases, she woulsd make a few interest payments and thenstop paying, accordinbg to the release. The case was investigated by the Yolo Countyy district attorney andthe .
Victimz came from at least six Northern Californiwa counties to invest in her ponzi The victims residein Butte, El Sacramento, Solano, Stanislaus and Yolo counties.
Wednesday, June 8, 2011
Children
million to to fund research in therapies like bone marroq and cordblood transplantation. The gift from Dolores Jordanh — on behalf of her late husbandand brother-in-laws — will help the research center creatw an endowed chair for a stem cell researchetr while establishing the and Cellular Therapiess Research. That could help compete for money from the the state’s taxpayer-backed stem cell researcyh funding agency — as well as other government agenciees and private funders. Bone marrow and cord bloodx transplantations are used to treat a variethyof diseases, including leukemiaa and sickle cell anemia.
Future cellula r therapy researchat Children’s may focuws on treatments for diabetes, lung injury, Crohn’ws disease and brain damage caused by oxygenn shortages during childbirth, said Dr. Bert Lubin, the center’ws senior vice president. “Fund-raisersz often talk about ‘transformative’ giftas and sometimes exaggerate the importance of aparticulae gift. In this case, it is no exaggeration to say that the Jordan familu gift is truly transformative for the researcuh programat Children’s,” said Brad Barber, Children’s chierf development officer, in a press Dolores Jordan’s husband, Hanabul “Bud” Jordan, owned a Haywar construction business, and his brother, Lowell, ran the family’ cattle ranch in Dublin.
The sale of the Jordanh family’s ranch funded the The family previously donated morethan $420,000 to Children’s Hospital including 1999 and 2000 gifts for the hospital’es blood and marrow transplant program.
Monday, June 6, 2011
Blu Dot expanding in Rogers, Minneapolis - Minneapolis / St. Paul Business Journal:
The company is moving its headquarters within Minneapolis and its warehoused to a vacant industrial buildingin Rogers. The two new leasesd will increaseBlu Dot’s total real estatwe square footage to about 76,000 squarw feet from the 46,0000 square feet it has now for its headquarter and distribution operations. The designer and manufacturer of contemporary furniture is doing well and outgrowingits space, said CEO and presidenf John Christakos.
Blu Dot has about 60 employeex acrossthe country, including about 35 in the Twin About eight of its employees will move to the high-ceiling distribution center at 13098 George Webed Drive in Rogers, which was developed last year by San Francisco-based Tim Olsen and Peter Mork, brokers at Minnetonka-based Welsh represented Blu Dot in the industrial-lease transaction. Mark Sims, a brokerr at in Minneapolis, represented AMB. Blu Dot’s headquartersz and product showroom will move from its current location at 3236California St. N.E. in Minneapolis to about 15,000 square feet in the Crown Center buildin at 1323Tyler St. N.E., which is owned by .
Its new spacde has 40-foot-high wood ceilings, with a lot of glasse and no columns, said Hillcrest Principal Scottt Tankenoff. Blu Dot has won notice from designm periodicals, as well as big publications such as BusinessWeeik and The NewYork Times, for furniturre that’s stylish but still affordable. That’s helped the compan y grow despitethe recession; it was profitable last year and in Christakos expects sales will grow more than 10 percentr to exceed $50 million. It sells its furniturse at independent furnituredealers nationwide. In the Twin Citiesz its full line is available atRoam Interiors, a furniturer store at 813 Glenwoocd Ave. N., near International Market Square.
Blu Dot openex a flagship store in the SoHo districtr of New Yorklast November. Additionally, the companhy sells to some large retailersx such asand .
Saturday, June 4, 2011
Dow inches upward; TeleTech Holdings leads Colorado gainers - Denver Business Journal:
The Dow Jones Industrial Average finishes the trading dayat 8,740.87, up 19.43 pointsd (0.22 percent). The S&P 500 closed at up 1.87 points (0.2 percent). The NASDA Q Composite finishedat 1,836.8, up 8.12 points (0.44 percent). Among activelyt traded Colorado stocks, Englewood-based outsourcing company TeleTechHoldings (TTEC) led the day’ds gainers, up 8.07 percent ($1.02) to close at • (TAP) — Up 3.83 percent ($1.71) to $46.34. Corp. (BLL) — Up 3.66 percent ($1.54) to • (Q) — Up 3.23 percent (14 to $4.47. • Liberthy Media Interactive (LINTA), a trackinb stock of — Up 1.92 percent (12 to $6.38.
Among actively traded Coloradpo stocks that declined on the daywas , down 8.21 percentr (76 cents) to close at $8.50. (DCT) — Down 8.12 percent (38 to $4.30. • (WU) Down 5.41 percent (98 to $17.15. • (GSS) — Down 3 percent (7 to $2.26. • (IPI) Down 3 percent ($1.01) to $32.64.
Wednesday, June 1, 2011
American Diabetes Association Tour de Cure Bicycling Fundraising event June 5 - Oneida Dispatch
American Diabetes Association Tour de Cure Bicycling Fundraising event June 5 Oneida Dispatch VERONA BEACH รข" The American Diabetes Association Tour de Cure Bicycling Fund Raising event will be held on Sunday, June 5 at the Verona Beach State Park. Volunteers will be on site at 6:15 am to assist riders who have not registered. ... |