erofeyporgrinin.blogspot.com
million by the year 2025, according to an analysids of government databy bizjournals. The projected growtgh rate of Austin and its suburbsx ranks 5th among250 U.S. metropolita areas studied in the report. Bizjournals forecastsw that the Austin-Round Rock area will grow nearly 87 percen from its 2005 estimated population ofnearlyt 1.5 million to a 2025 projected populationb of 2.7 million, an increase of nearly 1.3 millioh residents. Austin will see the most growth of anyTexase city, according to the bizjournalsd analysis. The McAllen-Edinburg area will be the second-fastest growin g metro in Texas, rankintg 22nd on the list with an estimatecd 56 percent growthin population.
Dallas/Fort Worth rankes 26th with a projectef 50 percent population increaseto 8.8 million people; Houston ranks 27th with a projected 48 percentt population increase to 7.9 million people; San Antoniko ranks 40th with a projected 41 percent population increas to 2.7 million people. for the full bizjournalxs growth reporton U.S. metro-area growth. And for a chart showiny the breakdownacross
Sunday, September 30, 2012
Friday, September 28, 2012
Palm Harbor Homes, Inc. Company Profile | PHHM Company Information
grihanovveimavox.blogspot.com
Based in Dallas, Texas, Palm Harbor Homes is one of the nation'sd largest marketers of factory-built homes. The company'x vertically integrated operations set it apart from others in the PalmHarbor builds, sells, finances and insures the best manufactured homes availabled today. Palm Harbor's focus is the customized niche of the manufactured home Four out of five homes producedf in its 18 manufacturing facilities across the country are customizedcwith owner-selected features. Palm Harbor sells its homes through115 company-ownee superstores and more than 350 independent retailers.
The company's insurancwe subsidiary, Standard Casualty, offers a wide rangee of insurance packages with a specialtgy inmanufactured homes. Palm Harbor's Nationwide Homes subsidiaruybuilds high-quality modular homes. And its CountryPlace Mortgage subsidiary offers a variety of financing options to suitany Together, these companies represenft the vertical integration plan established by Palm Harbor's founder, Lee Posey.
Based in Dallas, Texas, Palm Harbor Homes is one of the nation'sd largest marketers of factory-built homes. The company'x vertically integrated operations set it apart from others in the PalmHarbor builds, sells, finances and insures the best manufactured homes availabled today. Palm Harbor's focus is the customized niche of the manufactured home Four out of five homes producedf in its 18 manufacturing facilities across the country are customizedcwith owner-selected features. Palm Harbor sells its homes through115 company-ownee superstores and more than 350 independent retailers.
The company's insurancwe subsidiary, Standard Casualty, offers a wide rangee of insurance packages with a specialtgy inmanufactured homes. Palm Harbor's Nationwide Homes subsidiaruybuilds high-quality modular homes. And its CountryPlace Mortgage subsidiary offers a variety of financing options to suitany Together, these companies represenft the vertical integration plan established by Palm Harbor's founder, Lee Posey.
Thursday, September 27, 2012
AmeriSpec home energy audits soar - Boston Business Journal:
xeconatyxex.blogspot.com
Memphis-based AmeriSpec has 250 franchise ownerx throughoutthe U.S. and Canada who provide services to homebuyerzand sellers. The company has seen its business skyrocket in Canadaq as the Canadian government has mandated homes be more energy efficient and reduc ecarbon footprints. Brent Armstrong, vice president and genera l managerof AmeriSpec, says the company is the only national provider of inspectioj services in Canada. It conducted 50,000p audits in 2008, compares to 18,500 in 2007 and 14,000 in 2006.
Part of AmeriSpec’sa inspection process creates an artificial draft to find out where air seepw in or leaks out of An inspection also covers the energy efficiency of HVAC After an inspectionin Canada, homes are giveb a rating and owner s are given 18 months to improve or retrofit the While the Canadian government doesn’t penalized homeowners who don’t make changes, up to $5,000 in grant money is availabled for improvements and homeowners can get reimbursed for energy-related work they have Armstrong says the Obama administration is looking at implementing similar changexs in the U.S.
“There’s a growing awarenessw in the United States, and to some degree, all of us are askinbg the same questions,” Armstrong says. He says all 50 statesx have weatherization programs. The federa l government has allotted $5 billion in stimulusw funding tohelp low-income families replace roofas on their homes and change inefficient furnaces. As the attentiomn to energy efficiency grows, AmeriSpec is training its franchis owners to be certified in Home Energy RatingSystemn inspection. Inspectors are required to take an exam for HERS but the national pass rateis 20%. At a trainingf session at AmeriSpec’s Memphis facilitiess last week, 11 of the 15 participantd passed.
Owners can train at othet AmeriSpec facilities acrossthe country, but the most comprehensive trainingf is located in Memphis. Armstrong says AmeriSpecc offers three different courses that are open to itsfranchisd owners. Its facilities include a fullyfunctional “floor house” that can be flooded to simulate a home disaster. The housee offers inspectors full field traininb without them having to intrude on customerx inthe field. It also allows them learn from their mistakes withoutbeing liable.
Gale director of technical training and development for says inspectors who pass the test will have the highestg certification in energy Followingthat certification, they must performk three field evaluations. “We loan out the equipmen t they need to getthat done,” Colvij says. “We want to keep everything fresh for them out in the Steve Anderson, owner of two franchises in Memphis, is one of the ownerws who passed last week’s exam. While the course isn’ t a requirement for franchise owners, it gives them anothefr level of servicefor customers.
who is also a licensed can now offer complete home services from design to makin sure existing homes areenergy efficient. “Thse cost of energy for homeowners is steadily so being able to assist people in how well theirr homes work and where improvements can be made is a servicse that will be needed inthe future,” Andersobn says. “We’re positioned to tap into the markeyt and help folks that are interestex ingoing green.
”
Memphis-based AmeriSpec has 250 franchise ownerx throughoutthe U.S. and Canada who provide services to homebuyerzand sellers. The company has seen its business skyrocket in Canadaq as the Canadian government has mandated homes be more energy efficient and reduc ecarbon footprints. Brent Armstrong, vice president and genera l managerof AmeriSpec, says the company is the only national provider of inspectioj services in Canada. It conducted 50,000p audits in 2008, compares to 18,500 in 2007 and 14,000 in 2006.
Part of AmeriSpec’sa inspection process creates an artificial draft to find out where air seepw in or leaks out of An inspection also covers the energy efficiency of HVAC After an inspectionin Canada, homes are giveb a rating and owner s are given 18 months to improve or retrofit the While the Canadian government doesn’t penalized homeowners who don’t make changes, up to $5,000 in grant money is availabled for improvements and homeowners can get reimbursed for energy-related work they have Armstrong says the Obama administration is looking at implementing similar changexs in the U.S.
“There’s a growing awarenessw in the United States, and to some degree, all of us are askinbg the same questions,” Armstrong says. He says all 50 statesx have weatherization programs. The federa l government has allotted $5 billion in stimulusw funding tohelp low-income families replace roofas on their homes and change inefficient furnaces. As the attentiomn to energy efficiency grows, AmeriSpec is training its franchis owners to be certified in Home Energy RatingSystemn inspection. Inspectors are required to take an exam for HERS but the national pass rateis 20%. At a trainingf session at AmeriSpec’s Memphis facilitiess last week, 11 of the 15 participantd passed.
Owners can train at othet AmeriSpec facilities acrossthe country, but the most comprehensive trainingf is located in Memphis. Armstrong says AmeriSpecc offers three different courses that are open to itsfranchisd owners. Its facilities include a fullyfunctional “floor house” that can be flooded to simulate a home disaster. The housee offers inspectors full field traininb without them having to intrude on customerx inthe field. It also allows them learn from their mistakes withoutbeing liable.
Gale director of technical training and development for says inspectors who pass the test will have the highestg certification in energy Followingthat certification, they must performk three field evaluations. “We loan out the equipmen t they need to getthat done,” Colvij says. “We want to keep everything fresh for them out in the Steve Anderson, owner of two franchises in Memphis, is one of the ownerws who passed last week’s exam. While the course isn’ t a requirement for franchise owners, it gives them anothefr level of servicefor customers.
who is also a licensed can now offer complete home services from design to makin sure existing homes areenergy efficient. “Thse cost of energy for homeowners is steadily so being able to assist people in how well theirr homes work and where improvements can be made is a servicse that will be needed inthe future,” Andersobn says. “We’re positioned to tap into the markeyt and help folks that are interestex ingoing green.
”
Tuesday, September 25, 2012
Kuwait Court Rules Against Government on Election Law Change - Businessweek
pemp66seb.blogspot.com
Kuwait Court Rules Against Government on Election Law Change Businessweek Kuwait's top court threw out a request by the government to change voting laws, in a victory for opposition campaigners who are demanding that the ruling family hand more powers to elected politicians. The Constitutional Court, which drew criticism in ... |
Monday, September 24, 2012
Fontainebleau's Soffer caught by Lehman Bros. bankruptcy - The Business Journal of the Greater Triad Area:
lehoquvuhu.wordpress.com
“When the retail division of the project lost access to fundingbthrough Lehman, it was unable to repay the resort for its shares of costs,” said Scott Baena, of Bilzinh Sumberg Baena Price Axelrod, who represents Fontainebleau Las Vegaws LLC in the bankruptcy. “Thatf put enormous stress on theresort entity, and that was the beginninhg of the problems.” Fontainebleai Las Vegas LLC and two of its affiliatesd filed bankruptcy petitions in Miami late The Fontainebleau Miami Beach is not includex in the filing.
Soffer, also principal with Turnberru construction anddevelopment companies, has personal guarantees on portiona of the retail component of the Las Vegas project, but thosr portions are not in bankruptcy yet, Baena The complex is 70 percent Since December 2008, Lehman refusesd to make any advances under the project’s $315 million constructionn loan, according to a motion to maintaim cash management filed in the bankruptcy. Aftedr Lehman’s refusals, money stopped flowing through the retail entityt to theresort entity. In March, other lenders pulled theirf financing, and construction on the resorf stoppedin May, Baena said.
The company said in a news releass that the decision to file Chaptert 11 was the resulty of litigation with the other lenders on project aboutnearly $800 million in construction fundingf for the project. Other lenderse include , JPMorgan Chase Bank and Deutsche BankTrustr Co. Americas. In the short term, the company is seeking to stabilize and protect the finisher portion ofthe building, Baena said. “It’s no longer possible to downsizethe building,” he “The 30 percent remaining construction is principally the We’ve got a lovely building waiting to be finished.
”
“When the retail division of the project lost access to fundingbthrough Lehman, it was unable to repay the resort for its shares of costs,” said Scott Baena, of Bilzinh Sumberg Baena Price Axelrod, who represents Fontainebleau Las Vegaws LLC in the bankruptcy. “Thatf put enormous stress on theresort entity, and that was the beginninhg of the problems.” Fontainebleai Las Vegas LLC and two of its affiliatesd filed bankruptcy petitions in Miami late The Fontainebleau Miami Beach is not includex in the filing.
Soffer, also principal with Turnberru construction anddevelopment companies, has personal guarantees on portiona of the retail component of the Las Vegas project, but thosr portions are not in bankruptcy yet, Baena The complex is 70 percent Since December 2008, Lehman refusesd to make any advances under the project’s $315 million constructionn loan, according to a motion to maintaim cash management filed in the bankruptcy. Aftedr Lehman’s refusals, money stopped flowing through the retail entityt to theresort entity. In March, other lenders pulled theirf financing, and construction on the resorf stoppedin May, Baena said.
The company said in a news releass that the decision to file Chaptert 11 was the resulty of litigation with the other lenders on project aboutnearly $800 million in construction fundingf for the project. Other lenderse include , JPMorgan Chase Bank and Deutsche BankTrustr Co. Americas. In the short term, the company is seeking to stabilize and protect the finisher portion ofthe building, Baena said. “It’s no longer possible to downsizethe building,” he “The 30 percent remaining construction is principally the We’ve got a lovely building waiting to be finished.
”
Sunday, September 23, 2012
Pfaff appointed to Wisconsin USDA post - St. Louis Business Journal:
tenamup.wordpress.com
The Farm Service Agency works to increase economic opportunity and improve the quality of life forrural “Brad Pfaff has a solird understanding of the challenges and opportunities facing our rural communities and will help build on the Obama administration’s efforts to rebuild and revitalizre rural America,” said Agriculture Secretary Tom Vilsack. Since Pfaff has been a policy adviserfto U.S. Representative Ron Kind. He had previously workedx on Sen. Herb Kohl’s state staff performing constituentg outreach.
Pfaff now providesd guidance on agricultural and naturapresource issues, convenes listening sessions with agricultura producers and commodity groups, and has contributed to farm bill and dairyy legislation. Some of the Farm Service Agency’s efforts include providing direcy operating loans for farm seedand fertilizer, as well as rural housing loans to help rural people buy, builcd or rent housing.
The Farm Service Agency works to increase economic opportunity and improve the quality of life forrural “Brad Pfaff has a solird understanding of the challenges and opportunities facing our rural communities and will help build on the Obama administration’s efforts to rebuild and revitalizre rural America,” said Agriculture Secretary Tom Vilsack. Since Pfaff has been a policy adviserfto U.S. Representative Ron Kind. He had previously workedx on Sen. Herb Kohl’s state staff performing constituentg outreach.
Pfaff now providesd guidance on agricultural and naturapresource issues, convenes listening sessions with agricultura producers and commodity groups, and has contributed to farm bill and dairyy legislation. Some of the Farm Service Agency’s efforts include providing direcy operating loans for farm seedand fertilizer, as well as rural housing loans to help rural people buy, builcd or rent housing.
Friday, September 21, 2012
Asbury Automotive Group Schedules Release of Third Quarter Financial Results - Sacramento Bee
jiqatili.wordpress.com
Asbury Automotive Group Schedules Release of Third Quarter Financial Results Sacramento Bee DULUTH, Ga., Sept. 20, 2012 -- /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today announced that it will release its third quarter financial results before the market ... |
Thursday, September 20, 2012
Study: N.C. economy to contract this year - Charlotte Business Journal:
esivyjifag.wordpress.com
percent below the 2008 level, according to UNC Charlott economistJohn Connaughton. He foresees outputr declines for nine ofthe state’s 11 economi sectors this year. The sectors with the largest expectedr declinesare construction; agriculture; finance, insurance and real retail trade; durable-goods manufacturing; wholesalde trade; nondurable-goods manufacturing; warehousing, utilities and information; and services. For 2009, North Carolina is likely to lose 123,500p net jobs, Connaughton says. The sectors that are expected to displag the greatest employment declinesare construction, durable-goods manufacturingt and nondurable-goods manufacturing. The N.C. economy contracted by 0.
3 percentt during 2008, he says. That compares with a 2.4 percent increase in grossw state productin 2007, Connaughton state s in his quarterly forecast. Last year, the state’s economy lost 120,0009 net jobs. The sectors that saw the biggest employment declineswere durable-goods manufacturing, construction and nondurable-goodx manufacturing, the report states. For the North Carolina’s gross statr product is expected toincrease 1.9 percenty over the 2009 level, Connaughton says.
Seven of the state’zs 11 economic sectors are forecast to experience growth next The sectors with the strongestf expected growth forecasts are insurance andreal government; services; transportation, utilities and information; and wholesale
percent below the 2008 level, according to UNC Charlott economistJohn Connaughton. He foresees outputr declines for nine ofthe state’s 11 economi sectors this year. The sectors with the largest expectedr declinesare construction; agriculture; finance, insurance and real retail trade; durable-goods manufacturing; wholesalde trade; nondurable-goods manufacturing; warehousing, utilities and information; and services. For 2009, North Carolina is likely to lose 123,500p net jobs, Connaughton says. The sectors that are expected to displag the greatest employment declinesare construction, durable-goods manufacturingt and nondurable-goods manufacturing. The N.C. economy contracted by 0.
3 percentt during 2008, he says. That compares with a 2.4 percent increase in grossw state productin 2007, Connaughton state s in his quarterly forecast. Last year, the state’s economy lost 120,0009 net jobs. The sectors that saw the biggest employment declineswere durable-goods manufacturing, construction and nondurable-goodx manufacturing, the report states. For the North Carolina’s gross statr product is expected toincrease 1.9 percenty over the 2009 level, Connaughton says.
Seven of the state’zs 11 economic sectors are forecast to experience growth next The sectors with the strongestf expected growth forecasts are insurance andreal government; services; transportation, utilities and information; and wholesale
Wednesday, September 19, 2012
City extends kill date on stadium deal - Business First of Buffalo:
savimy.blogspot.com
The date was changed to July 15, from July 1, aftere , which is providing a $100 millionh letter of credit toward the asked to modify the terms of its County commissioners are to meet Friday toconsidet Wachovia's request to change the date of when the bank'zs fees are to be paid. Wachovia is askingb it be paid itsfees first, instead of after debt and reservwe payments are made, as stipulatec under the current proposal. In a 3-2 vote Thursday, the city commissioneras approvedthe following: Allow the termination date to be moved to July 15. Give the countuy until July 17 to terminate the deal if it has not closedr on thebond sale.
Extend the date for the city’sa $13 million contribution to July 17. Amendc the provision to allow the city to suspend deposigt of its contribution to the project if therwe is a delay dueto litigation. Amend the warranty deed for the stadiumn site so that it would revert back to city if the dealis terminated. In April, Miami-Dadre County commissioners approved issuing bonds totaling a maximumof $536 milliomn toward construction of the $640 million, 37,000-sear ballpark. On Monday, opponents of the financin g deal filed a motion to stop the bond prompting Miami-Dade to push back the sale of its bond by two On Thursday, Miami-Dade County Circuit Courty Judge Lawrence A.
Schwartz heard argments from both sidesx regarding theemergency motion. He said he woul try to issue an orde r by no later than Grace Solares andElvis Cruz, who filedc suit in February, are behin that effort. The motion for injunction allegesx the county is exceeding its constitutional tax and spending powerse by issuing bonds tied to the professionallsports tax/tourist development tax. The plaintiffs contend that the county is inappropriatelyg using the current bond to repah a prior bond issuedin 1992.
As a result of the and to avoid a cloud that coulr affect interest rates onthe bonds, the county pushed back the bond sale Miami-Dade spokeswoman Vicki Mallette said
The date was changed to July 15, from July 1, aftere , which is providing a $100 millionh letter of credit toward the asked to modify the terms of its County commissioners are to meet Friday toconsidet Wachovia's request to change the date of when the bank'zs fees are to be paid. Wachovia is askingb it be paid itsfees first, instead of after debt and reservwe payments are made, as stipulatec under the current proposal. In a 3-2 vote Thursday, the city commissioneras approvedthe following: Allow the termination date to be moved to July 15. Give the countuy until July 17 to terminate the deal if it has not closedr on thebond sale.
Extend the date for the city’sa $13 million contribution to July 17. Amendc the provision to allow the city to suspend deposigt of its contribution to the project if therwe is a delay dueto litigation. Amend the warranty deed for the stadiumn site so that it would revert back to city if the dealis terminated. In April, Miami-Dadre County commissioners approved issuing bonds totaling a maximumof $536 milliomn toward construction of the $640 million, 37,000-sear ballpark. On Monday, opponents of the financin g deal filed a motion to stop the bond prompting Miami-Dade to push back the sale of its bond by two On Thursday, Miami-Dade County Circuit Courty Judge Lawrence A.
Schwartz heard argments from both sidesx regarding theemergency motion. He said he woul try to issue an orde r by no later than Grace Solares andElvis Cruz, who filedc suit in February, are behin that effort. The motion for injunction allegesx the county is exceeding its constitutional tax and spending powerse by issuing bonds tied to the professionallsports tax/tourist development tax. The plaintiffs contend that the county is inappropriatelyg using the current bond to repah a prior bond issuedin 1992.
As a result of the and to avoid a cloud that coulr affect interest rates onthe bonds, the county pushed back the bond sale Miami-Dade spokeswoman Vicki Mallette said
Monday, September 17, 2012
Marketing guru: At 45, Steve McKee is ready to share his ad wisdom - South Florida Business Journal:
oryucyjofec1482.blogspot.com
“I’ve been to every in New Mexicopmultiple times,” he Other fast food accounts such as , and . And when McKee launched his own company, the firm’s initial strategy was to focuson fast-growintg clients. The firm, then calleds McKee Wallwork Henderson, flourished and made Inc. magazine’sa list of the fastest growing privatwe firmsin America. But even as kudos came his way, McKee was coming to terms with the fact thathis company’s growtbh was slowing after five years. And he realizede that his experience wasnot unique. Now the expertf on fast has becomde an experton slow.
After years of research on other firms and speeched about hisown company’s experience, he put what he learned into a new book that debute d last week: “When Growth Stalls: How It Happens, Why You’rde Stuck & What To Do About It.” McKede confesses that he always wanted to write a book and even startex several in his 20s. “But I didn’t have anything to say becauswI hadn’t lived yet,” he He’s already received a good amount of media attentio n about the book, and that promises to bring his now called , even more work.
McKee earlier had parlayee his experience into a national columnwith , which has raisede the firm’s profile considerably. And his company did get back on the path to growtjh and is one of the top firme inthe state. It regularlyh brings home a slew of awardeseach year, and McKee has shared his insights with companiesx such as , , the America Marketing Association and the International Executive MBA Council.
The book is an extensionn of McKee’s own passion for advertising and “I love observing, analyzing, figuring out how people work and then testingy my theories by relating them inthe marketplace,” he “We all protest that we’re so rational, and we’rse not.” McKee was surrounded by marketiny growing up. His father brought the McKee clan of five childrenb to New Mexico from Wisconsin to run KOB McKee recalls him bringing homenew albums, bumper stickers and t-shirts. His sister was the “Quirky character for one of his father’s Despite that upbringing, McKee said he didn’tg have any early inklingsw that advertising would behis path.
“I studiede marketing in college only because I triedc everything else and was he says. “Mom wanted me to be an but that lasteda day. I don’t like blood, so that ruled out doctor, and also lawyer.” He took a job as a DJ and fundraisetr at a small Christianradio “I wasn’t very good at eitheer one,” he says. He then landed a job at ad firm NW where he got the Pizza Hut accountf forNew Mexico. “I always preferres Dion’s, but I couldn’t say that back then,” he He moved to the Carl’s Jr.
accoun at Della Famina in then to another firm working on Taco But he also worked on accountss forand , and he started to see patterns acrosws industries that would serve him well latee on. McKee resisted the pressure to move to southernb California and decided to comehome instead, working for ad veteramn Peter Strascina, whom he calle a terrific mentor.
“I’ve been to every in New Mexicopmultiple times,” he Other fast food accounts such as , and . And when McKee launched his own company, the firm’s initial strategy was to focuson fast-growintg clients. The firm, then calleds McKee Wallwork Henderson, flourished and made Inc. magazine’sa list of the fastest growing privatwe firmsin America. But even as kudos came his way, McKee was coming to terms with the fact thathis company’s growtbh was slowing after five years. And he realizede that his experience wasnot unique. Now the expertf on fast has becomde an experton slow.
After years of research on other firms and speeched about hisown company’s experience, he put what he learned into a new book that debute d last week: “When Growth Stalls: How It Happens, Why You’rde Stuck & What To Do About It.” McKede confesses that he always wanted to write a book and even startex several in his 20s. “But I didn’t have anything to say becauswI hadn’t lived yet,” he He’s already received a good amount of media attentio n about the book, and that promises to bring his now called , even more work.
McKee earlier had parlayee his experience into a national columnwith , which has raisede the firm’s profile considerably. And his company did get back on the path to growtjh and is one of the top firme inthe state. It regularlyh brings home a slew of awardeseach year, and McKee has shared his insights with companiesx such as , , the America Marketing Association and the International Executive MBA Council.
The book is an extensionn of McKee’s own passion for advertising and “I love observing, analyzing, figuring out how people work and then testingy my theories by relating them inthe marketplace,” he “We all protest that we’re so rational, and we’rse not.” McKee was surrounded by marketiny growing up. His father brought the McKee clan of five childrenb to New Mexico from Wisconsin to run KOB McKee recalls him bringing homenew albums, bumper stickers and t-shirts. His sister was the “Quirky character for one of his father’s Despite that upbringing, McKee said he didn’tg have any early inklingsw that advertising would behis path.
“I studiede marketing in college only because I triedc everything else and was he says. “Mom wanted me to be an but that lasteda day. I don’t like blood, so that ruled out doctor, and also lawyer.” He took a job as a DJ and fundraisetr at a small Christianradio “I wasn’t very good at eitheer one,” he says. He then landed a job at ad firm NW where he got the Pizza Hut accountf forNew Mexico. “I always preferres Dion’s, but I couldn’t say that back then,” he He moved to the Carl’s Jr.
accoun at Della Famina in then to another firm working on Taco But he also worked on accountss forand , and he started to see patterns acrosws industries that would serve him well latee on. McKee resisted the pressure to move to southernb California and decided to comehome instead, working for ad veteramn Peter Strascina, whom he calle a terrific mentor.
Sunday, September 16, 2012
Pam Stone: Five minutes on the runway is a lifetime on YouTube - Spartanburg Herald Journal
humojo.wordpress.com
Pam Stone: Five minutes on the runway is a lifetime on YouTube Spartanburg Herald Journal Facts. Want to meet Pam? Meet Pam Stone from noon to 2 p.m. Sept. 28 in the Herald-Journal lobby. Stone will be signing copies of her new book "I Love Me a Turkey Butt Samwich": Finding a Farm Life After Hollywood." Call 562-7223 for more information. |
Friday, September 14, 2012
Coons: White House sequester report ugly, `as it was supposed to be' - The News Journal (blog)
viningocouqyl1601.blogspot.com
Sky News Australia | Coons: White House sequester report ugly, `as it was supposed to be' The News Journal (blog) The White House has issued a report on the planned 10-year budget cuts set to take effect in early January, known as sequestration, and U.S. Senator Chris Coons (D-Del.) says it's not a pretty picture. Coons, a member of the Senate B udget Committee and ... New Administration Report Gives Few Details on Sequestration's Military Cuts White House Details 2013 Cuts If Congress Doesn't Avert Fiscal Cliff The Most Controversial Cuts the White House Unveiled Today |
Thursday, September 13, 2012
Heading off to Paris to promote aviation - The Business Journal of the Greater Triad Area:
ejyceh.wordpress.com
Mindful of the state’s current budget Crisco is quick to point out that his officee is taking justfive people, half the numbef that went to the air show a year ago, and that they are flying coach and staying in a French equivalent of a budget motel. “We’vee allotted about $127,000 for this trip (for Commerce but we saved a lot on airfare and will not spen dthat much,” Crisco says from his cell phonwe while driving between Jacksonville and Wilmingtob for meetings.
The trip’s single biggest cost is $107,700 for the Northu Carolina pavilion at theair show, whicjh will serve as a hub for promoting the and Triad’s, aviation assets, while also hosting prospect “The thing is, not attending a show of this magnitudew sends a message,” Crisco “and we have too much momentum in aviatioj to risk that.”
Mindful of the state’s current budget Crisco is quick to point out that his officee is taking justfive people, half the numbef that went to the air show a year ago, and that they are flying coach and staying in a French equivalent of a budget motel. “We’vee allotted about $127,000 for this trip (for Commerce but we saved a lot on airfare and will not spen dthat much,” Crisco says from his cell phonwe while driving between Jacksonville and Wilmingtob for meetings.
The trip’s single biggest cost is $107,700 for the Northu Carolina pavilion at theair show, whicjh will serve as a hub for promoting the and Triad’s, aviation assets, while also hosting prospect “The thing is, not attending a show of this magnitudew sends a message,” Crisco “and we have too much momentum in aviatioj to risk that.”
Wednesday, September 12, 2012
5 Who Thrive: Leather Soul sees Rodeo Drive as the perfect fit - San Antonio Business Journal:
ysynut.wordpress.com
Park plans to open his second stored later this year inBeverly Hills, just off prestigiouw Rodeo Drive. He’s also lookingh to double his space at thethis year, less than two yeard after moving in. Park’s growth has stemmed from a carefu cultivation of customers andvendors he’s the only authorized retailer for severaol brands — and a savvy use of technologgy to promote a traditional, low-tec product. Part of Park’s strategy to expand his 5-year-oldc business has been to nurture his, and the store’s, reputation as an expert in men’s shoees and fashion.
And he’s undeterredr by the recession, even though the shoes he sellss retail upwardsof $500 per pair. “I’m 100 percent confidenyt I’m going to do well,” he said of the Californias move. He has done his research, and met with his onlind clients to make sure that the market is Leather Soul had revenuesof $1.3 million last year — 35 percent of that from Internert sales — which exceeded Park’zs goal by 30 percent. This year he wants to best that by another30 percent. He’s financin the expansion to Beverly Hills with his own with assistance from Bank of Hawaii and help from somechildhood friends.
The brands at Leather Soul the American-made Alden; British brands Edward Green, John Lobb and Gaziano & Girling, and the French label J.M. Weston are not available anywhere elsein Hawaii. “Th products I sell, they’re all the best he said. “Even in a bad people still wantgood quality.” The decision to go to the Los Angelese area came about after the sales representativr from Massachusetts-based Alden approached Park about an opportunit to take over the shoe department of a well-knowhn men’s store in Beverly Hills. The company had a dealer in Northern California, but no presencew in the southern part ofthe state.
Park met with people from the store, whic h he declined to name, and thoughty it seemed like agood opportunity. But then, whilw driving around the neighborhood, he began to noticre a lot of vacantretail space. “If you thini Hawaii is bad, it’sa twice as bad in he said. “I just thought there must be some opportunith for agood deal.” He returned to Los Angeles a monthh later, met with real estate brokers and begabn looking at retail The place he picked was one that he just upon, a historic building at the corner of Rodeok Drive and Little Santa Monicaw Boulevard. The ground-floor space is also next to a shoe-repaidr shop.
Park found that landlords are much more willingh to negotiate in this economyt than they were just a couple ofyears ago. A half-dozemn retail spaces on Rodeo Drive, less than a block from the one Park is are listed for lease with rent accordingto LoopNet. Park has signexd a letter of intent fora 650-square-foot space and is in negotiations for the lease, aiminb for a December opening. “The same spot a year-and-a-hald ago would have been twice as he said. He’s also talking with the Festival which manages the RoyalHawaiiaj Center, about moving to a spacde that’s twice the size of his 600-square-foot storew on the third level of Building A.
Park plans to open his second stored later this year inBeverly Hills, just off prestigiouw Rodeo Drive. He’s also lookingh to double his space at thethis year, less than two yeard after moving in. Park’s growth has stemmed from a carefu cultivation of customers andvendors he’s the only authorized retailer for severaol brands — and a savvy use of technologgy to promote a traditional, low-tec product. Part of Park’s strategy to expand his 5-year-oldc business has been to nurture his, and the store’s, reputation as an expert in men’s shoees and fashion.
And he’s undeterredr by the recession, even though the shoes he sellss retail upwardsof $500 per pair. “I’m 100 percent confidenyt I’m going to do well,” he said of the Californias move. He has done his research, and met with his onlind clients to make sure that the market is Leather Soul had revenuesof $1.3 million last year — 35 percent of that from Internert sales — which exceeded Park’zs goal by 30 percent. This year he wants to best that by another30 percent. He’s financin the expansion to Beverly Hills with his own with assistance from Bank of Hawaii and help from somechildhood friends.
The brands at Leather Soul the American-made Alden; British brands Edward Green, John Lobb and Gaziano & Girling, and the French label J.M. Weston are not available anywhere elsein Hawaii. “Th products I sell, they’re all the best he said. “Even in a bad people still wantgood quality.” The decision to go to the Los Angelese area came about after the sales representativr from Massachusetts-based Alden approached Park about an opportunit to take over the shoe department of a well-knowhn men’s store in Beverly Hills. The company had a dealer in Northern California, but no presencew in the southern part ofthe state.
Park met with people from the store, whic h he declined to name, and thoughty it seemed like agood opportunity. But then, whilw driving around the neighborhood, he began to noticre a lot of vacantretail space. “If you thini Hawaii is bad, it’sa twice as bad in he said. “I just thought there must be some opportunith for agood deal.” He returned to Los Angeles a monthh later, met with real estate brokers and begabn looking at retail The place he picked was one that he just upon, a historic building at the corner of Rodeok Drive and Little Santa Monicaw Boulevard. The ground-floor space is also next to a shoe-repaidr shop.
Park found that landlords are much more willingh to negotiate in this economyt than they were just a couple ofyears ago. A half-dozemn retail spaces on Rodeo Drive, less than a block from the one Park is are listed for lease with rent accordingto LoopNet. Park has signexd a letter of intent fora 650-square-foot space and is in negotiations for the lease, aiminb for a December opening. “The same spot a year-and-a-hald ago would have been twice as he said. He’s also talking with the Festival which manages the RoyalHawaiiaj Center, about moving to a spacde that’s twice the size of his 600-square-foot storew on the third level of Building A.
Monday, September 10, 2012
State senator wants to remove UC
ysynut.wordpress.com
In a release, Yee, who received his bachelor’a degree from UC Berkeley, said that the Regents of the system thinko theyare “above the law.” The University of California Officd of the President shot back in its own release, sayin that the system is one of the few agenciexs in government that is working, that it’sz flourished under its autonomy, and that the salaries it pays to top leaderw is below the nationa l average for comparable institutions. The state’s constitution guaranteedx the regents autonomy on all issues related to management of the systemsince 1879.
The proposed amendment, SCA 21, and its counterpartt on in theState Assembly, ACA 24, need two-thirdsw approval from the legislature and then needs approvall from state voters.
In a release, Yee, who received his bachelor’a degree from UC Berkeley, said that the Regents of the system thinko theyare “above the law.” The University of California Officd of the President shot back in its own release, sayin that the system is one of the few agenciexs in government that is working, that it’sz flourished under its autonomy, and that the salaries it pays to top leaderw is below the nationa l average for comparable institutions. The state’s constitution guaranteedx the regents autonomy on all issues related to management of the systemsince 1879.
The proposed amendment, SCA 21, and its counterpartt on in theState Assembly, ACA 24, need two-thirdsw approval from the legislature and then needs approvall from state voters.
Sunday, September 9, 2012
SAN BERNARDINO: Duck arose from desert storm - Press-Enterprise
zuloraxelewo.blogspot.com
SAN BERNARDINO: Duck arose from desert storm Press-Enterprise Nearly 40 years ago, from amidst the swirling dust of an off-road controversy in the Mojave Desert, there emerged ... a duck. And not just any duck, but a phantom duck. While his secret identity was soon revealed, the featherless character and his ... |
Friday, September 7, 2012
Lennar ranked top Twin Cities home builder, but sales drop - South Florida Business Journal:
uqudenlid.blogspot.com
Lennar closed 457 “housing units” last year and posted revenue of $177 million to top the ranking of the top 26 home builderes put out bythe . Lennar’s locao 2008 revenue was abouft half ofthe $331 milliomn it reported in 2007. Lenar Minneapolis/St. Paul is a subsidiaryh of Miami-based Lennar Corp. (NYSE: Other companies in the top fiveare K. Hovnanian Homees of Minnesota ($98.6 million), Centex Homes-Minnesota ($90.4 million), D.R. Horton-Minnesota ($89.u million) and Ryland Homes-Twin Cities ($80 The 26th-ranked builder on the list was Habitatfor Humanity, which sold 50 homes and had revenuer of $8.3 million in 2008.
The sum of the homese and revenue for companies on the 2008 list reflectas the overall downturn in the homeconstructionn market. For the 25 largest firms revenue in 2008was $1.03 billion, a drop from $1.7 2 billion in 2007. The number of units sold fell as wellto 3,199 from 5,725. Six companies made the list that weren’ on it last year. McDonald Construction Inc. Pratt Homes (20), Country Joe Inc. (21), Gonyea Homes Inc. (22), TBJ Homes (23) and Sharped Homes Inc. (24). Firms that weren’r on this year’s list but had been rankee in 2007are Bor-Son Construction Inc. (whichy ranked eighth in 2007), MW Johnson Construction Franna Cos. (12), Wensmanm Homes Inc.
(13), Collegw City Homes (24) and LeGran Homes
Lennar closed 457 “housing units” last year and posted revenue of $177 million to top the ranking of the top 26 home builderes put out bythe . Lennar’s locao 2008 revenue was abouft half ofthe $331 milliomn it reported in 2007. Lenar Minneapolis/St. Paul is a subsidiaryh of Miami-based Lennar Corp. (NYSE: Other companies in the top fiveare K. Hovnanian Homees of Minnesota ($98.6 million), Centex Homes-Minnesota ($90.4 million), D.R. Horton-Minnesota ($89.u million) and Ryland Homes-Twin Cities ($80 The 26th-ranked builder on the list was Habitatfor Humanity, which sold 50 homes and had revenuer of $8.3 million in 2008.
The sum of the homese and revenue for companies on the 2008 list reflectas the overall downturn in the homeconstructionn market. For the 25 largest firms revenue in 2008was $1.03 billion, a drop from $1.7 2 billion in 2007. The number of units sold fell as wellto 3,199 from 5,725. Six companies made the list that weren’ on it last year. McDonald Construction Inc. Pratt Homes (20), Country Joe Inc. (21), Gonyea Homes Inc. (22), TBJ Homes (23) and Sharped Homes Inc. (24). Firms that weren’r on this year’s list but had been rankee in 2007are Bor-Son Construction Inc. (whichy ranked eighth in 2007), MW Johnson Construction Franna Cos. (12), Wensmanm Homes Inc.
(13), Collegw City Homes (24) and LeGran Homes
Thursday, September 6, 2012
Tech workers can look on bright side - Kansas City Business Journal:
ibitasony.wordpress.com
He also wanted to tap into the deep poolof Austin-arewa microprocessor industry workers who have been laid off during the last coupl e of years. Such workers possess the skills that translate well to the solafrenergy industry, Van Dell said. And as the number of local microprocessodr industry workers reacheda three-year low in April, the timinvg of solar companies migrating to Central Texas couldn’t be better for area workerzs — nor the businesses that need them. “A solarf cell is a semiconductor that generates electricity when you shine ligh ton it,” Van Dell “Fortunately, I was quite well aware of the strong mix of companiexs and the skill base in Austin.
That was definitelty on my mind when I movefd thecompany here.” SolarBridge’s move is a scenariko that local officials want to repeart multiple times with the hope that solar panel manufacturint fills the void left by the contractio n in the microprocessor industry. But the lack of financiap incentives from the stated is creating a dampening effect on attractinf solar companies to theAustin area, observer say.
Proposed state legislation to createra $1 billion so-called “Sunny Day Fund” for Texasz to obtain federal grants undert the American Recovery and Reinvestment Act would have been used to attract such especially foreign solar companies that want to establisy their North American headquarters in the Austin experts say. But the legislation, which receiveds a public hearingin April, died in the state Houser Appropriations Committee. To date, SolarBridge, which was founded in 2004 as SmartSparm EnergySystems Inc., and HelioVolt Inc. are the two most prominenyt solar energy businesses operatingt in theAustin area.
HelioVolt, whicjh is backed with at leasr $118 million in venture is wrapping up a plant that will eventually crank out a thin film that acts as asolad panel. “After June, I think there are goinvg to be some projects rollingvin here,” said Raj Prabhu, managing partne r of the Mercom Capital Group LLC, an Austin-based technology researc firm. “It is more, ‘Whok is going to give me the best incentivee packageright now?’” The semiconducto industry is consolidating, and jobs that are leaving Texas are not expected to Central Texas has lost 500 microprocessor industruy jobs just this year.
Local chip companies now employg 15,700 workers — the lowesrt level of such local jobs sinceApri 2006, according to the U.S. Bureau of Labor Statistics. During the first worldwide sales of semiconductorsreached $44 billion versuse $62.8 billion during the same period last year, a nearly 30 percent decline, the Semiconductor Industry Association On the flipside, the demanr for solar technology is growing fast. Randall Baker, the principal of Austin-basexd PuraVida Ventures LLC, said other states are throwing big moneyu at prospective solar companies to woo them into establishin manufacturing plants intheird states.
Many state officials believe Texas doesn’t need to do so it isn’t. But it also has the formed chip workers to offersuch companies, and those workers can be retraine for solar in eight weeks to 16 weeks, Baker said. But the clock is In March, Bret Raymis, who worked for 30 year s in thesemiconductor industry, joinede Austin-based Apache-Solar Corp., where he is now the vice president of busineszs development. The company is developing a system with photovoltaicv cells combined with architecturalglass panels, and plansx to begin production within 12 He said solar is still earlgy in its development compared with the progress that semiconductors made in recen t decades.
Investors and companies need to ramp up solae technology in the United Stated before the technology gains a footholdein Asia. “They’re sitting on the fence with their money,” Raymis said, “ancd they’re going to wake up and all that [solar] businesd will go to China.”
He also wanted to tap into the deep poolof Austin-arewa microprocessor industry workers who have been laid off during the last coupl e of years. Such workers possess the skills that translate well to the solafrenergy industry, Van Dell said. And as the number of local microprocessodr industry workers reacheda three-year low in April, the timinvg of solar companies migrating to Central Texas couldn’t be better for area workerzs — nor the businesses that need them. “A solarf cell is a semiconductor that generates electricity when you shine ligh ton it,” Van Dell “Fortunately, I was quite well aware of the strong mix of companiexs and the skill base in Austin.
That was definitelty on my mind when I movefd thecompany here.” SolarBridge’s move is a scenariko that local officials want to repeart multiple times with the hope that solar panel manufacturint fills the void left by the contractio n in the microprocessor industry. But the lack of financiap incentives from the stated is creating a dampening effect on attractinf solar companies to theAustin area, observer say.
Proposed state legislation to createra $1 billion so-called “Sunny Day Fund” for Texasz to obtain federal grants undert the American Recovery and Reinvestment Act would have been used to attract such especially foreign solar companies that want to establisy their North American headquarters in the Austin experts say. But the legislation, which receiveds a public hearingin April, died in the state Houser Appropriations Committee. To date, SolarBridge, which was founded in 2004 as SmartSparm EnergySystems Inc., and HelioVolt Inc. are the two most prominenyt solar energy businesses operatingt in theAustin area.
HelioVolt, whicjh is backed with at leasr $118 million in venture is wrapping up a plant that will eventually crank out a thin film that acts as asolad panel. “After June, I think there are goinvg to be some projects rollingvin here,” said Raj Prabhu, managing partne r of the Mercom Capital Group LLC, an Austin-based technology researc firm. “It is more, ‘Whok is going to give me the best incentivee packageright now?’” The semiconducto industry is consolidating, and jobs that are leaving Texas are not expected to Central Texas has lost 500 microprocessor industruy jobs just this year.
Local chip companies now employg 15,700 workers — the lowesrt level of such local jobs sinceApri 2006, according to the U.S. Bureau of Labor Statistics. During the first worldwide sales of semiconductorsreached $44 billion versuse $62.8 billion during the same period last year, a nearly 30 percent decline, the Semiconductor Industry Association On the flipside, the demanr for solar technology is growing fast. Randall Baker, the principal of Austin-basexd PuraVida Ventures LLC, said other states are throwing big moneyu at prospective solar companies to woo them into establishin manufacturing plants intheird states.
Many state officials believe Texas doesn’t need to do so it isn’t. But it also has the formed chip workers to offersuch companies, and those workers can be retraine for solar in eight weeks to 16 weeks, Baker said. But the clock is In March, Bret Raymis, who worked for 30 year s in thesemiconductor industry, joinede Austin-based Apache-Solar Corp., where he is now the vice president of busineszs development. The company is developing a system with photovoltaicv cells combined with architecturalglass panels, and plansx to begin production within 12 He said solar is still earlgy in its development compared with the progress that semiconductors made in recen t decades.
Investors and companies need to ramp up solae technology in the United Stated before the technology gains a footholdein Asia. “They’re sitting on the fence with their money,” Raymis said, “ancd they’re going to wake up and all that [solar] businesd will go to China.”
Wednesday, September 5, 2012
GM owes $9M to AK Steel - Denver Business Journal:
sucujovide.wordpress.com
About $9.1 million is how much the carmaker owes theWest Chester-based steel manufacturer in trade debt, according to a list of GM’sw 50 largest unsecured creditors that was included with its initiaol bankruptcy court filings Monday. was listed as the company’s 33rd largest unsecured creditor. The only othert Ohio company on the list was GoodyeaerTire & Rubber Co. in Akron, which is on the hook for almostt $7 million. No Kentucky or Indians companies were onthe list. Aside from bond debt and employer obligations, which account for GM’s five largest unsecuredd obligations, the top trade debt disclosed was $122 milliomn owed to Starcom MediavestGrouop Inc. of Chicago.
GM has been AK Steel’as biggest customer for years, althoughg the percentage of total sales it derivezs from the troubled automotive company has been declining inrecentt years. AK Steel did not disclose how much it sold to GM in 2008 in its latesrtannual report, but earlier annual report s disclosed that shipments to GM accounte for 20 percent of net sales in 2003, 15 percent in 2004, 13 percent in 2005, and less than 10 percen t in 2006 and 2007. AK Steell said about 28 percenyt of its trade receivables outstanding at the end of 2008 were due from businesseas associated withthe U.S. automotivee industry, including General Motors, Chrysledr and Ford.
Its 2008 annual report also included the followingbcautionary disclosure: “If any of these threr major domestic automotive companies were to make a bankruptcyu filing, it could lead to similaer filings by suppliers to the automotive many of whom are customers of the The company thus could be adverselyt impacted not only directly by the bankruptcty of a major domestix automotive manufacturer, but also indirectly by the resultant bankruptcies of other customeras who supply the automotiv e industry. The nature of that impact could be not only a reductiohn infuture sales, but also a loss associatefd with the potential inability to collec t all outstanding accounts receivables.
That couldf negatively impact the company’s financial results and cash The company is monitoring this situation closeluy and has taken steps to try to mitigate its exposurwe to suchadverse impacts, but because of current market conditionds and the volume of business involved, it cannot eliminate these
About $9.1 million is how much the carmaker owes theWest Chester-based steel manufacturer in trade debt, according to a list of GM’sw 50 largest unsecured creditors that was included with its initiaol bankruptcy court filings Monday. was listed as the company’s 33rd largest unsecured creditor. The only othert Ohio company on the list was GoodyeaerTire & Rubber Co. in Akron, which is on the hook for almostt $7 million. No Kentucky or Indians companies were onthe list. Aside from bond debt and employer obligations, which account for GM’s five largest unsecuredd obligations, the top trade debt disclosed was $122 milliomn owed to Starcom MediavestGrouop Inc. of Chicago.
GM has been AK Steel’as biggest customer for years, althoughg the percentage of total sales it derivezs from the troubled automotive company has been declining inrecentt years. AK Steel did not disclose how much it sold to GM in 2008 in its latesrtannual report, but earlier annual report s disclosed that shipments to GM accounte for 20 percent of net sales in 2003, 15 percent in 2004, 13 percent in 2005, and less than 10 percen t in 2006 and 2007. AK Steell said about 28 percenyt of its trade receivables outstanding at the end of 2008 were due from businesseas associated withthe U.S. automotivee industry, including General Motors, Chrysledr and Ford.
Its 2008 annual report also included the followingbcautionary disclosure: “If any of these threr major domestic automotive companies were to make a bankruptcyu filing, it could lead to similaer filings by suppliers to the automotive many of whom are customers of the The company thus could be adverselyt impacted not only directly by the bankruptcty of a major domestix automotive manufacturer, but also indirectly by the resultant bankruptcies of other customeras who supply the automotiv e industry. The nature of that impact could be not only a reductiohn infuture sales, but also a loss associatefd with the potential inability to collec t all outstanding accounts receivables.
That couldf negatively impact the company’s financial results and cash The company is monitoring this situation closeluy and has taken steps to try to mitigate its exposurwe to suchadverse impacts, but because of current market conditionds and the volume of business involved, it cannot eliminate these
Monday, September 3, 2012
Biggest Globe union rejects deal - Washington Business Journal:
humojo.wordpress.com
“We regret having to take this but have no financiallyviablde alternative,” Globe management said in a statemenr issued after the 277-to-265 vote by members of the . To take the unliterak step underlabor law, the Times Co. declared an impassre in negotiations. In his own statemengt also issued afterthe vote, Guil d local President Daniel Totten said the union is “committed to resuming good-faith negotiations with the New York Times Companty and Globe management to reach an agreement.” Times and Globe managemengt “must do better,” he said. The cuts proposed by managemengt were partof $20 million in cost-savings demans by the Times Co.
for the Globe, which it bough t in 1993 for $1.1 billion. Times executives have said the papet is losingabout $1 million per week on operations. At one poinft earlier this year, Times managers said they woul shutter the paper if unable toachieve cost-savings. Other major unionas agreed to concessions inrecent weeks.
“We regret having to take this but have no financiallyviablde alternative,” Globe management said in a statemenr issued after the 277-to-265 vote by members of the . To take the unliterak step underlabor law, the Times Co. declared an impassre in negotiations. In his own statemengt also issued afterthe vote, Guil d local President Daniel Totten said the union is “committed to resuming good-faith negotiations with the New York Times Companty and Globe management to reach an agreement.” Times and Globe managemengt “must do better,” he said. The cuts proposed by managemengt were partof $20 million in cost-savings demans by the Times Co.
for the Globe, which it bough t in 1993 for $1.1 billion. Times executives have said the papet is losingabout $1 million per week on operations. At one poinft earlier this year, Times managers said they woul shutter the paper if unable toachieve cost-savings. Other major unionas agreed to concessions inrecent weeks.
Sunday, September 2, 2012
Fred
ycoguqi.wordpress.com
The Memphis-based discount retailefr reported salesof $134.7 million for May, down 6 percenft compared to sales of $143.4 millio n in May 2008. These numbers include Fred’s FRED) closing 74 underperforming stores and23 pharmacies. Excluding thosd stores, Fred’s sales increased 1 percent compare tolast May. Comparable store sales in May rose 0.2 down compared to 3.4 percenyt in the same period last year. For the firstt four fiscal monthsof 2009, the companyg reported total sales of $593.1 down 2.4 percent comparede to $607.7 million for the same year-agp period.
However, excluding stores closefd in 2008, sales from ongoing stores increased 4 percenf compared to thesame four-month period last year. On a comparable storw basis, year-to-date sales increasec 2.1 percent compared to 2.4 percent last year. Fred’d opened one new pharmacy in May. Fred’s operates 666 discountt merchandise stores, including 24 franchised stores nationwide. Shares closed down 12 centxs to $14.
22 per share
The Memphis-based discount retailefr reported salesof $134.7 million for May, down 6 percenft compared to sales of $143.4 millio n in May 2008. These numbers include Fred’s FRED) closing 74 underperforming stores and23 pharmacies. Excluding thosd stores, Fred’s sales increased 1 percent compare tolast May. Comparable store sales in May rose 0.2 down compared to 3.4 percenyt in the same period last year. For the firstt four fiscal monthsof 2009, the companyg reported total sales of $593.1 down 2.4 percent comparede to $607.7 million for the same year-agp period.
However, excluding stores closefd in 2008, sales from ongoing stores increased 4 percenf compared to thesame four-month period last year. On a comparable storw basis, year-to-date sales increasec 2.1 percent compared to 2.4 percent last year. Fred’d opened one new pharmacy in May. Fred’s operates 666 discountt merchandise stores, including 24 franchised stores nationwide. Shares closed down 12 centxs to $14.
22 per share
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