Toad’s Place currently closed (Times-Dispatch)
Is it the end for Toad’s Place? Yesterday, legal notices posted around the live-music venue at 140 Virginia St. on the Canal Walk stated that because of “serious default in rental payment and other obligations . . . ” the venue was closed.
Regency Square to add XXI Forever clothing store (Times-Dispatch)
A 45,700-square-foot XXI Forever store will open at Regency Square mall this year. Construction begins in June on the store, considered a mini-anchor tenant because it will take up almost an entire section of the mall’s interior space on two levels near the Sears store.
Check ‘n Go could close Va. payday lending stores (Daily Press)
One of Virginia’s biggest payday lenders is considering pulling out of the state, saying it can’t make money under new restrictions that took effect at the start of the year. Mason, Ohio-based Check ‘n Go has 68 locations in Virginia, and more than 120 employees could lose their jobs. The company offers loans in stores or online in about 30 states.
How Big a Fraud Is Madoff? (Portfolio)
Bernard Madoff’s expected guilty plea on Thursday will probably bring at least partial answers to two of the biggest mysteries of his Ponzi fraud: How much money did investors really lose? And where did it go?
A Ghostly Commercial Sprawl Drains Municipal Funds (Business Week)
Empty offices, malls, and factories blight U.S. communities just when they most need commercial real estate revenues the sites once provided
Coupon search clicks: Sweet sound for Web marketers (USA Today)
Consumers have a recession message for marketers: Will click for coupons. As consumers troll online to save money, searches that include value words such as “coupons” rose 161% in December vs. 2007 to 19.9 million and “discount” rose 26% to 7.9 million, reports tracker ComScore.
Opportunity Knocks and Uncle Sam Is at the Door (WSJ)
The $787 billion government stimulus promises to create a bevy of federal, state and local government projects that would give small businesses an opportunity to win contracts and cash in on a slice of the stimulus dollars. There could be plenty of opportunities: By congressional mandate, the government aims to award 23% of all contract dollars across all agencies to small businesses every year. State and local governments have their own rules.
The Little-Guy Economy (Slate)
With less overhead, a slim-to-none bureaucracy, and a philosophy that goes against even the most innovative Fortune 500 game plan, little guys in industries such as finance, marketing, entertainment, and media are busy, some more than ever, and a few are moving into territory where the big fish can’t swim. Whether making deals, planning ad campaigns, or signing talent, all small fish have the same slogan: lighter, cheaper, faster.