Potential for progress in Henrico’s Regency Square area (Times-Dispatch)
BJ’s is the latest retailer to bet the future on the business corridor around the mall, which is making a comeback as an attractive alternative for shoppers who don’t want the hassle of driving on West Broad Street to the high-profile stores in the Short Pump area/
Circuit City name may live on with Web site (Chicago Tribune)
Circuit City stores are going out of business, but that doesn’t mean its name is going away. Hilco Trading LLC, a Northbrook-based liquidator that took part in closing some Circuit City stores last year, is in negotiations to purchase the electronics retailer’s name and operate a Web site under the moniker CircuitCity.com, according to people familiar with the deal.
Locals will fill jobs J-1 kids once held (Virginia Gazette)
Some of the job applicants who show up for Wednesday’s 23rd Annual Williamsburg Area Job Fair may be picking up jobs formerly held by J-1 student workers. According to Bob Hershberger, vice president of Greater Williamsburg Chamber & Tourism Alliance, which sponsors the event, there will likely be fewer foreign student workers here than in recent years.
The Rise And Fall of A Peanut Empire (Washington Post)
Stewart Parnell’s peanut empire has filed for bankruptcy protection. He is the target of a federal criminal investigation, civil claims are piling up in courthouses around the country and he has been vilified from Georgia peanut fields to Capitol Hill.
Retailers’ loss of revenue hammers city and state budgets (USA Today)
In the world of shopping centers, strip malls and the cities that house them, a closed Ann Taylor here or an out-of-business Circuit City there might not matter much. But the timing and immensity of the current downturn in retail are dire, and not just for the employees who lose jobs, the company shareholders and the shoppers who no longer can buy from their favorite stores. Cities — entire regions, even — that boomed as Americans shopped till they almost dropped for more than a decade are struggling mightily because spending has almost slammed to a stop.
Stimulus bill’s effect on SBA programs (LA Times)
The compromise bill passed by the House of Representatives on Friday provides about $730 million for SBA programs, according to the Senate Committee on Small Business and Entrepreneurship. Here are some of the highlights. Many expire Sept. 30, 2010:
Tough Times Call For New Ideas (WSJ)
The savviest entrepreneurs right now aren’t hunkering down. They’re rethinking their business models and hunting for new strategies based on the assumption that consumer spending won’t be rebounding to prerecession levels and that the types of products and services people want will be much different from before.