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Tag Archives: retail

Retailers' concerns mount over expired longshoremen's contract

WASHINGTON — Retailers concerned by the lack of a West Coast longshoremen’s contract will continue to bring merchandise into the country at above-average levels this month but volume will drop from the record set in August, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “The negotiations have made progress and ...

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Hancock Fabrics board decides against reverse stock split

BALDWYN — Hancock Fabrics Inc.’s board of directors has decided to withdraw Proposal 1, which relates to the proposed reverse stock split and subsequent deregistration under the Securities Exchange Act of 1934, from consideration at the upcoming annual meeting. Under the proposed 1,000 for one reverse stock split of the company’s outstanding shares of common stock, fractional shares, which includes, ...

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NRF downgrades retail sales forecast after sluggish start to 2014

WASHINGTON — The National Retail Federation has lowered its retail sales forecast for 2014 because of slow growth recorded during the first half of the year, but said sales are expected to grow significantly faster over the next five months. NRF forecasted in January that retail sales would grow 4.1 percent in 2014 over 2013, but today’s revision lowers the ...

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Communities awarded national Main Street accreditation

ACROSS MISSISSIPPI — The Mississippi Main Street Association has designated cities as accredited National Main Street Programs for meeting the commercial district revitalization performance standards set by the National Main Street Center. The cities are Aberdeen, Corinth, Pascagoula, Amory, Greenville, Philadelphia, Baldwyn, Greenwood, Picayune, Batesville, Gulfport, Pontotoc, Belhaven, Hattiesburg, Ripley, Biloxi, Hernando, Senatobia, Booneville, Indianola, Starkville, Canton, Kosciusko, Tunica, Carthage, ...

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Illinois firm buys Dogwood Festival for undisclosed sum

FLOWOOD — Inland Real Estate Income Trust Inc. of Oak Brook, Illinois, has acquired the 187,610-square-foot Dogwood Festival Shopping Center in Flowood, Mississippi. Lou Quilici, senior vice president of IREIT Business Manager & Advisor Inc., facilitated the transaction. Constructed in 2002, Dogwood Festival Shopping Center is 97.8 percent leased to 36 tenants, including T.J. Maxx, HomeGoods, Old Navy, Gap, Men’s ...

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Two more malls approved for tax money to expand

FLOWOOD and RIDGELAND — Mississippi taxpayers could help pay for two more malls that squeezed in approvals before a law allowing sales tax subsidies expired June 30 The Mississippi Development Authority approved applications in June for $29.6 million in tax money to expand Renaissance at Colony Park in Ridgeland and $48.8 million to build Pinelands Lifestyle Center in Flowood. That ...

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Hancock Fabrics' board votes to go private

BALDWYN — Hancock Fabrics says it plans to stop being a publicly traded company, allowing executives to focus on improving its business. The Northeast Mississippi Daily Journal reports the change has been approved by the Hancock Fabrics board of directors and must be approved by shareholders in August. The company trades under the symbol HKFI, and shares closed at 96 ...

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Coast city launches 'Pelican Pound' promotional campaign

A Mississippi Gulf Coast community has unveiled a new effort to keep consumer spending within its city limits. The Ocean Springs Chamber of Commerce-Main Street-Tourism Bureau has launched new items to promote the “totally locally” Pelican Pound campaign to help encourage residents and visitors to buy local. The new campaign features pelican artwork by artist Elizabeth Huffmaster. The pelican pound, ...

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Family launches Billups Coffee with headquarters in Oxford

OXFORD — Billups Coffee has launched in Oxford, continuing a longtime Billups family tradition of entrepreneurship in the South. Mississippi natives as well as alumni and supporters of Ole Miss Guy and Hattie Billups founded Billups Coffee and decided to headquarter the company’s operations in their hometown of Oxford. The Billups family founded Billups Petroleum in Mississippi in the late ...

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NRF: Retail sales increased nationwide in most categories

WASHINGTON — Warmer spring weather spurred continued consumer spending and activity this March. According to the National Retail Federation, March retail sales, which exclude automobiles, gas stations and restaurants, increased 0.8 percent adjusted month-to-month and 1.6 percent unadjusted year-over-year. NRF president and CEO Matthew Shay said, “Retail sales increased in most categories and sectors as consumers took to stores to ...

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