Posts Tagged ‘retailing’

NRF forecasts retail growth this year to lag 2012

by MBJ Staff Published: January 29,2013

Tags: association, buy, cunstomer, forecasdt, predict, prediction, purchase, retail, retailer, retailing, sales, sell, shop, store

WASHINGTON, D.C. — The National Retail Federation released its 2013 economic forecast today, projecting retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 3.4 percent, slightly less than the preliminary 4.2 percent growth seen in 2012. The subdued forecast comes on the heels of a holiday season that went head-to-head with Washington’s […] [...]

Demolition begins of historic downtown building

PASACGOULA — Crews are tearing down the Brumfield’s Building, a fixture in downtown Pascagoula since the 1920s. Hurricane Isaac damaged its roof, which caused damage to walls. The family corporation that owns it determined the cost would be too high to save the building, which was a bank before it became a premier men’s clothing […] [...]

City extends term of tax increment financing plan for mall

SOUTHAVEN — Officials have extended the time frame of the $15-million tax increment financing plan for the proposed outlet mall in Southaven. The Commercial Appeal reports Mayor Greg Davis made clear the amount of funding was not changing, just the time period for the plan was being extended from 15 years to 20 years. Tax […] [...]

Citing building’s structural problems, Sam’s Club might relocate

by Associated Press Published: January 16,2013

Tags: building, facility, move, moving, relocate, relocation, retail, retailing, rewtailer, store, structure

JACKSON and MADISON — Officials say the Sam’s Club in north Jackson is considering a move to Madison because of structural problems with its existing building. Officials with Sam’s Club, parent company Wal-Mart, and the mayor of Madison haven’t said much about the possible move. Jerry Cook, Madison’s economic development director, told The Clarion-Ledger last […] [...]

Boat dealer makes magazine’s top 100 ranking

by MBJ Staff Published: January 10,2013

Tags: boat, boater, boating, dealer, dealership, fish, magazine, media, outdoors, publication, ranking, recreation, retail, retailer, retailing, ski, swim, water

BAY ST. LOUIS — Breath’s Boats & Motors has made Boating Industry magazine’s eighth-annual Top 100 Dealers program, which recognizes the best-of-the-best from the thousands of marine dealers in North America. “Our editorial staff was extremely impressed with the dealership’s knowledge of its local market,” said Jonathan Sweet, Boating Industry magazine’s editor-in-chief. “For example, Breath’s […] [...]

Judge denies request of city, Kroger in Kmart flood case

CORINTH — A federal judge has denied requests from the city of Corinth and the Kroger Company to be dismissed as defendants in a lawsuit over 2010 flooding at the Kmart in Corinth. Kmart Corporation is seeking compensation for flood damage at the Fulton Crossing location, the store’s closure for about 10 months, and flood […] [...]

Rent-to-own company chooses Ideal solution

MERIDIAN — Buddy’s Home Furnishings, an independent rent-to-own dealer based in Tampa, Fla., has chosen the VersiRent business information system from Ideal Software Systems for its 128 store locations and home office. Salvatore Moccia, chief information officer at Buddy’s, said that the company conducted extensive research within and outside the industry, comparing more than 200 […] [...]

Hancock Fabrics amends, restates credit agreement

by MBJ Staff Published: November 26,2012

Tags: capital, credit, finance, loan, publicly traded company, retail, retailer, retailing

BALDWYN — Hancock Fabrics Inc. has entered into an amended and restated loan and security agreement. The new, $100-million senior secured asset-based credit facility matures in November 2016 and replaces the company’s existing revolving credit agreement, which would have matured in August 2013. General Electric Capital Corporation will serve as working capital agent, issuing bank, […] [...]

Retailer signs warehouse lease; creating hundreds of jobs

by MBJ Staff Published: November 9,2012

Tags: distribution, employee, employer, employment, job, lease, retail, retailer, retailing, storage, warehouse, warehousing, work, worker

OLIVE BRANCH — Philadelphia-based specialty value retailer Five Below has signed the lease for a new distribution center in Olive Branch. Terms were not disclosed. The 600,000-square-foot facility, located at 9105 Hacks Cross Road, is Five Below’s second distribution center and will allow the company to more quickly and efficiently supply stores in the South […] [...]

Southside shopping centers make additions, improvements

by Associated Press Published: September 24,2012

Tags: anchor, blighted, buy, buyer, lighting, mall, renovation, retail, retailer, retailing, revival, shop, shopper, shopping center, store, strip mall, tenant, traffic

JACKSON — Although the effort to rehabilitate U.S. 80′s retail corridor in Jackson often gets more attention, several south Jackson malls are getting new life. Going beyond retail is part of the revival at Jackson Square Promenade, The Clarion-Ledger reports. That includes a roller-skating rink, a “teen center” where kids can hang out, sing karaoke […] [...]

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