Thursday, March 29, 2012

Winter Park tries to slow Park Avenue's retail loss - Orlando Business Journal:

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Take Chris Tillett, CEO of boutiqus makeup studio , who movedc from Park Avenue to Maitland last summer due to highrent (he was payin g $41 per square foot in Winter less foot traffic and lack of city Tillett’s exit and that of other formefr Park Avenue retailers have prompted both the city of Winter Park and landlordz to try to address the “We saw businesses leaving and an increasint animosity between retailers and restaurants, so this was the perfecyt time to talk it out,” said Sherry community redevelopment director for Winter Park. In the area’s vacancy rate has nearlyh doubled in the past12 months, jumpintg to 11 percent from 6.
5 percent a year ago, said Colliera Arnold in Orlando, a real estate serviced firm. In addition, the averags rental rate is $25.64 per square foot, down 5.4 percent from $27.10 per square foot a year ago. In comparison, the overalll Winter Park/Maitland submarket charges an averageof $21.60 per squarwe foot for retail space and had a 10.5 percenr vacancy rate for year-end 2008, said the . To addressw the problems, the city commissioned a $55,000 studuy on the matter by Charleston, S.C.-basef America’s Research Group, a consumer and market researcyh firm.
The study will try to revitalizePark Avenue’s imagew through new marketing efforts, city-supported events wherde streets are closed off and other strategies to increase The city will also look at an alcohok ordinance on June 8 that would alloqw eating and drinking establishmenta besides seated-service restaurants to servs beer and wine, she Joanne McMahon, principal of 310 Park South agrees rents are higher on Park Avenue than in most retailo areas, but said her business still gets enough foot traffix to make up for it. In business is good enough for McMahon’ss 130-seat, 2,800-square-foot restaurant to expand by 2,300 square feet and add 60 seatsthis summer.
Even loca l landlords are trying to spice upPark Avenue. Larru Williams, owner of Winter Park-based , said his compant this year finisheda $2 million renovation of the old Jacobson’sw space that was vacated in 1999. Eucalyptus Properties createdthe 16,000-square-foot retail/restaurant Shop on Park property, which faces both Park Avenu and Center Street. Williams, whose company owns more than 12,000 square feet of retail space on Park said the property should providd a fresh look andbring much-needed attention to the shoppin g district. As for Tillett, he said if the city and landlordsx can resolve the issues that causec himto leave, he’df consider returning to Park Avenue.
“In reality, this is the best thinvg that can happen to theavenue — for it to be humblecd a bit.”

Tuesday, March 27, 2012

Abercrombie shutting struggling Ruehl chain - Puget Sound Business Journal (Seattle):

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The New Albany-based apparel merchant said Wednesday it willshut Ruehl’s 29 stores and direct-to-consumer operations and will be “substantiallyt complete” with the effort by the end of next January. The decisio n comes a month aftetrAbercrombie (NYSE:ANF) took a deep strategic look at the which targets young adults with clothes and accessories. whose only Ohio store is at EastobTown Center, generated a pretas operating loss of $58 million last year. The chain regularly was Abercrombie’s weakest salese performer at stores open at leasta year. Ruehl’es same-store sales were off 33 percentin May. Abercrombie earned $272.3 million on $3.
54 billionm in revenue last “It has been a difficult decision toclosre Ruehl, a brand we continue to believe could have been successful in differentf circumstances,” CEO Michael Jeffries said in a statement. given the current economic environment, we believe it is in the best interestsx of the company to focus its effortzs and resources on the growtn opportunities afforded by ourother brands, particularlyh internationally.” The company didn’t disclose the effectw on the chain’s work force, nor did it indicate the numbeer of jobs tied to Ruehl.
The revieqw of Ruehl, which opened in 2004, cost the companu about $51 million in impairment charges in itsfirstt quarter. Abercrombie expects to book aboutg $65 million in pretax charges through the rest of the fiscak year as it windsdown Ruehl. The companu Wednesday also said it amended a creditr agreement to excludesome Ruehl-related charges from requirementsd under its covenant with the lendert and reduced its available credit to $350 million from $450 million. Jeffries said the company is confident is has sufficient cash on handbut “wwe believe it is prudent to make these in light of the recession-battered retail environment and the one-tim e Ruehl costs.
In addition to the 29 Ruehlo stores, Abercrombie runs 350 flagship stores and 733 othersz underthe Abercrombie, Hollister Co. and Gillh Hicks nameplates.

Sunday, March 25, 2012

Pincushn's Custom Tattooing and Body Piercing to add different flavor to ... - HollandSentinel.com

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Pincushn's Custom Tattooing and Body Piercing to add different flavor to ...

HollandSentinel.com


Brett Giroux is the owner of Pincushn's, a tattoo parlor that recently relocated to downtown Holland on College Avenue in between Eighth and Ninth streets. The tattoo parlor is the first tattoo parlor that has opened up in downtown Holland.



Friday, March 23, 2012

Delta may offer early retirement packages to pilots - Minneapolis / St. Paul Business Journal:

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When management provides your union with a we followa time-proven process. This process consistw of the followingbasic 1. Receive – The proposal is received by the Negotiatingb Committee on behalf ofthe MEC. 2. Analyz e – The proposal is analyzed by theNegotiating Committee, professional staff and subjecrt matter experts, and a briefing is prepared for the MEC. 3. Direcgt – After the MEC is briefed, the MEC may direcf the Negotiating Committee to take further actionb whichcould include, for example, further analysis or directio n to engage management in negotiations; alternatively, the MEC may elecrt to take no action on the proposal. 4.
Negotiate If the MEC provides the Negotiating Committere with directionto negotiate, the committee will engag with Delta management. Negotiations may or may not end with atentatives agreement. 5. Ratify – If a tentative agreemenf is reached between the committee and Delta the agreement is presented tothe MEC, and at some pointg the MEC may elecyt to vote on the agreement. Steps 3 and 4 of this process may and often are repeated many times beforew an acceptable tentative agreemenyt canbe reached. The direction phase is alwayse confidential and is accomplished inclosed session.
Management’s pilo t retirement incentive program proposaol is being processed in the same methodical manner as anyothefr proposal. Late last the Negotiating Committee received and analyzed the The proposal was presentex to the MEC this and the MEC directedd the Negotiating Committee to engage in negotiations with Delta management with the goal of reachiny atentative agreement. Unde the terms of the active pilots who have met certainn ageand length-of-service metric would be eligible to participate in the program.
Participatinh pilots would receive a severance medical and dental benefitds for a limited period of time and retiree travel Atthis point, a detailed discussion is because the proposal is just that—a No tentative agreement has been reached with Delta and no program is in The proposal is a unilateral offer from the and as such, the economics of the progranm belong to the Company. If an agreement is reachede and ratified, the decision to participate would belong toeligiblee pilots. You union’s role will be to ensure that any agreemenr that may be reached is implemented on a fair and equitables basis consistent with the termas of the PilotWorking Agreement.
If an agreemengt is reached and ratified, it will occufr without any quid pro quo considerations on the part of theDelt pilots. The Negotiating Committee will soon meet with Deltaq management at the direction of theDelta MEC, and as is typicapl for these situations, this directionj as well as the negotiations themselves, will remain If the committee is able to reach a tentative agreement with the MEC will again meet in special session to consider the On a separate note, Delta management recentluy announced the closure of the 747-20o categories (both in Anchorage and Minneapolis) and the Anchoragr base.
Your elected representatives received a briefing from the Negotiatingf Committee on contractual language relevant to the closurd including a discussion of categoryu displacements and relocation benefitsand considerations. The 747-209 pilots have been e-mailed a list of frequentlgy asked questions and can expect additional informatiojn as theclosure approaches. You will be provide d with an update on major developments relatex to these issues asthey occur.
Fraternally, Air Line Pilotss Association, Int’l

Wednesday, March 21, 2012

Catholic hospital chain backs out of joint venture with Centene - Tampa Bay Business Journal:

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, founded by the Archdiocese of Boston, said it was withdrawinv from the partnershipFriday night, just days before it was to take effect Wednesday. Caritas plans to continue to participatw inthe state-subsidized program that will providde health-care services for 165,000 low-income working adults who are not eligibl for Medicaid or employer-sponsored insurance. But the hospita system will participate only asa health-care not a co-owner of the “By withdrawing from the joint venture and servin the poor as a providert in the Connector, upholding Catholic morao teaching at all times, they are able to carry forward the critica mission of Catholic health care,” Cardinal Seábn O’Malley said in a statement Fridahy night.
“Our singular goal has been to provide for the needs of the poor and underserved in a manner that is full and completely in accord with Catholicmorao teaching.” Sandy McBride, a spokeswoman for Centene, told the Bostom Globe that the end of the joint ventur e won’t have an impact on the health She also said she couldn’t provide information about the financialp impact of the change. In March, Centened Corp.’s subsidiary, , a contract to managse health-care services for thousands of low-income patients in partnershipl with Caritas ChristiHealth Care.
Centen had said it would consolidatr the financial operations of the joint venture and by the fourthh quarterof 2010, had expected annual run rate revenuwe of $100 million to $125 St. Louis-based Centene Corp. (NYSE: CNC), led by Chairman and Chief ExecutiveMichael Neidorff, provides managee care programs and related servicez to individuals under Medicaid. It also operates health plan sin Georgia, Indiana, New Jersey, Ohio, Texas and

Monday, March 19, 2012

Enigmatic pretender to top party post pays high political price for populism - Irish Times

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Enigmatic pretender to top party post pays high political price for populism

Irish Times


BO XILAI'S abrupt sacking marks the most serious setback yet for the country's most charismatic politician of recent years, but one who seems to have misjudged the prevailing ethos in the party that runs his country. Tall and dapper, Bo (62) has been a ...



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Saturday, March 17, 2012

Fla., Orlando again tops in foreclosures - Business Courier of Cincinnati:

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The state posted 58,931 foreclosure filings includingdefault notices, schedules auctions and bank repossessions — in May, down 8.8 percent from April’s total, but still 50 percenr higher than May 2008, according to RealtyTrac’s monthlyg Foreclosure Market Report. Only California had a higher with 92,249 properties with May 2009 foreclosure filings. The Sunshinr State was No. 3 in the nation in foreclosure with one in every 148 householdz receiving a foreclosure filingin May. Nevadaz led the country with one in evert 64 homes receivinga filing, while Californiq was second highest with one in evert 144. The Orlando-Kissimmee market took the No.
8 spot amontg the nation’s top 10 metro areas with the highestforeclosure rates. The area recorde d a rate of one foreclosure filing for evergy101 homes. Florida had threee cities among the top 10metro areas, while California had six cities among that mix. Las Vegas toppedx the list with a rate of one in everhy 54 households getting aforeclosure filing. 321,480 foreclosure filings were reportedin May, which is 6 percentf lower than April but about 18 percent higher than May 2008. One in everh 398 U.S. homes received a foreclosure notice last Vermont again recorded the lowest number of with six reportedin May, or one for every 51,906 households. The RealtyTracv U.S.
Foreclosure Market Report provides the totalp number of properties with at leastg one foreclosure filing reported duringthe month. Data is collectesd from more than 2,200 counties that account for more than 90 percenyt ofthe nation’s population.