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 [...] [...]
JACKSON — The Mississippi Public Service Commission has fined Roy M. Cox Jr. of Santa Ana, Calif., and his five corporations, Castle Rock Capital Management Inc., Castle Rock Capital Management, S. A., Capital Solutions Group, S. A., Transfers Argentina and Marketing Strategy Group, with both domestic and foreign places of business, a total of $945,000 [...] [...]
by Associated Press Published: May 6,2012
Tags: electricity, employment, energy, expenses, jobs, layoffs, sales, unemployment, utilities, Weather, workers
NORTH MISSISSIPPI — The Tennessee Valley Authority will seek to cut less than 1,000 positions as it faces a drop in electricity sales driven by an unusually warm winter and looming expenses, including an over-budget effort to finish building a nuclear reactor in Tennessee. TVA officials reported that the electricity supplier brought in roughly $5.2 [...] [...]
by Associated Press Published: April 25,2012
Tags: alcohol, bills, dry, executive, governor, law, lawmakers, legislation, legislative, legislators, Legislature, liquor, municipal government, sales, state government, state law, wet
JACKSON — The governor has signed a bill that would allow a vote on legalizing liquor sales inside the limits of cities with populations of at least 5,000 people. Under Senate Bill 2497 other residents of the county would not have a vote. The Northeast Mississippi Daily Journal reports Gov. Phil Bryant signed the bill [...] [...]
by MBJ Staff Published: March 26,2012
Tags: earnings, eggs, food, input costs, manufacturer, manufascturing, profits, publicly traded company, revenues, sales
JACKSON — Cal-Maine Foods Inc., the egg seller and distributor, said today that its fiscal third-quarter profit tumbled 22 percent, weighed down by rising feed costs. President and CEO Dolph Baker said in a statement that the company expects feed costs will remain very high and volatile throughout the summer due to tight supplies of [...] [...]
by Associated Press Published: February 28,2012
Tags: downtown, infrastructure, merchants, retail, retailers, roadbuilders, roadbuilding, roads, sales, state agency, state government, stores, streets
SUMMIT — Merchants in Summit are protesting a plan to shut down a main downtown thoroughfare and disrupt Easter and Mother’s Day sales. The Enterprise-Journal reports the merchants have asked the Mississippi Department of Transportation to delay the partial shutdown of Robb Street. MDOT construction engineer Ken Morris says a contract has been signed and [...] [...]
by MBJ Staff Published: February 28,2012
Tags: agriculture, chickens, earnings, feed, food, food processing, food processor, investing, investment, investors, loss, manufacturer, manufacturing, market prices, poultry, profit, publicly traded company, revenues, sales
LAUREL — Sanderson Farms Inc., for the first fiscal quarter ended Jan. 31, saw net sales of $517.8 million compared with $427.7 million for the same period a year ago. For the quarter, the poultry company had a net loss of $8.0 million, or $0.36 per share, compared with a net loss of $33.6 million, or [...] [...]
JACKSON — An encouraging sign for the city of Jackson’s economy is the $256,000 rise in sales taxes in the last quarter over the same period in 2010. The numbers primarily reflect a strong holiday season for retailers, but business leaders said they’re cautiously optimistic that gains could continue into this year. “Across the retail [...] [...]
NORTH MISSISSIPPI — Milder weather than last year in the Tennessee Valley Authority’s service region drove sales of electricity down 5 percent for the three-month period ended Dec. 31, 2011, compared with the same period last year, TVA said in its quarterly report to the Securities and Exchange Commission. The lower-than-expected sales and resulting lower revenue [...] [...]
JACKSON — Cal-Maine Foods Inc. sold more eggs at higher prices in its fiscal second quarter, boosting profit despite higher feed costs. The nation’s largest producer of fresh eggs, Cal-Maine’s profit rose to $23.3 million, or 97 cents per share, in the quarter ended Nov. 26. That’s up 53 percent from $15.2 million, or 64 [...] [...]
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