by Associated Press Published: May 23,2012
Tags: bankrupt, bankruptcy, cloth, clothes, debt, fabrics, losses, retail, sales, sewing
BALDWYN — Hancock Fabrics faces many challenges, according to analysts and the company. The Baldwyn-based company last month reported it lost nearly $11.3 million in the most recent fiscal year. The fabric and craft retailer additionally had to cope with falling sales and self-admitted merchandise problems. In the past year, it’s also hired a new [...] [...]
Conventional wisdom says opportunities to buy distressed retail centers have been erased by the slow but steady economic rebound of the nation and region. An initial inspection of the retail landscape may support that thinking. But Bob Flowers, state director of the Alabama-Mississippi division of the International Council of Shopping Centers, thinks otherwise. “We think [...] [...]
by MBJ Staff Published: May 1,2012
Tags: agriculture, branding, brands, chickens, cooperative, dairy, eggs, food, joint venture, licensing, poultry, retail
JACKSON — Cal-Maine Foods Inc. has formed a new joint venture between Eggland’s Best Inc., a New Jersey-based egg cooperative, and Land O’ Lakes Inc., a national farmer-owned cooperative based in Minnesota, to produce and sell branded specialty eggs. Pursuant to the terms of the transaction, Eggland’s Best has contributed certain assets, including its trademarks, [...] [...]
by Associated Press Published: April 27,2012
Tags: athleitcs, athletes, automobile dealerships, automobiles, bankrupt, bankruptcy, car dealerships, courts, lawsuit, professional athletes, retail, settlement
JACKSON — A lawyer for Deuce McAllister says a deal has been reached with Nissan Motor Acceptance Corp. in a federal lawsuit over the former Ole Miss and New Orleans Saints running back’s failed Mississippi car dealership. Attorney Joe Roberts tells The Associated Press the settlement has been submitted to the court for approval. He [...] [...]
by MBJ Staff Published: April 12,2012
Tags: Central Business District, community development, downtowns, economic development, merchants, retail, small businesses, tourism, tourists, visitors
LONG BEACH — Members of the Mississippi Main Street Association (MMSA) Economic Development Resource Team will reveal a new look and plans for the central business district of Long Beach April 16. The public presentation will be held at 5:30 p.m. at the University of Southern Mississippi’s Gulf Park Campus in the Fleming Education Center, [...] [...]
JACKSON — The Overby Company has been selected by the City of Jackson to assist with the comprehensive marketing and development of the former Dillard’s Building.The Overby Company will list the price of the site based on its marketability, similar sales in the area and statutory requirements, recommend a projected timeline for the sale and [...] [...]
JACKSON — After the Jackson City Council agreed in February to pay for the installation of wiring at the Metrocenter, around 300 city workers were expected to move into their new offices within 45 days. Now, 54 days later, The Clarion-Ledger reports not a single wire has been installed because of a dispute over whether [...] [...]
by Associated Press Published: March 29,2012
Tags: acquisitions, convenience stores, food, gas, gasoline, groceries, marts, mergers, Oil, petroleum, retail, stores
NATCHEZ and RIDGELAND — Ridgeland-based Victory Properties has bought 11 convenience stores and nine dealer accounts of Cloutier Oil in Natchez. Lawrie Cloutier, owner of Cloutier Oil, tells the Natchez Democrat the sale was completed March 19. Terms were not disclosed. Cloutier Oil was started Oct. 1, 1958, and originally served commercial businesses that had [...] [...]
Love your work, work for what you love, and change the world — all at the same time. That’s a pretty tall order! Blake Mycoskie is the young entrepreneur behind the sky rocketing success of TOMS shoes (Tomorrow’s Shoes). He proves that we don’t have to choose between earning a living and devoting efforts to causes [...] [...]
by MBJ Staff Published: March 13,2012
Tags: acquisitions, food, groceries, grocery, grocery store, mergers, publicly traded company, retail, retailer, shareholders
JACKSONVILLE, Fla. — BI-LO, LLC has successfully completed its merger with Winn-Dixie Stores Inc. following approval of the transaction by Winn-Dixie shareholders March 9. All Winn-Dixie stockholders will be eligible to receive $9.50 per share in cash for each share of common stock held, for a total purchase price of $560 million. As a result [...] [...]
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