S&K names new leader; Chairman Siegel takes expanded role (Times-Dispatch)
Joseph A. Oliver III was let go yesterday. The Henrico County-based chain replaced him with Jonathan M. Tibus, an executive with Alvarez & Marsal North America LLC, a global restructuring firm hired by the chain to help manage the chain’s turnaround. Stuart C. Siegel, S&K’s chairman and son of the company’s co-founder, also will take a full-time executive position with the retailer. He was CEO from 1983 to 2002.
After 6 years, music venue/bookstore closes (Daily Progress)
Lapsed rent payments in tandem with fire code violations have shuttered Charlottesville’s Gravity Lounge after nearly six years of operations off the Downtown Mall.
In March Retailing Report, Bright Spots Are Few (NY Times)
Retailers posted another month of disappointing sales in March, signaling that consumers are not yet ready to come out of hiding.
In Boost for Detroit, Obama to Buy Fuel-Efficient Fleet for Uncle Sam (Washington Post)
President Obama yesterday announced plans to buy 17,600 American-made, fuel-efficient cars and hybrids for the government fleet, the White House’s latest gambit to steer aid to the nation’s beleaguered automakers.
Field of Schemes (Slate)
When corporations spend big for stadium naming rights, look out.
The Good, The Bad, and the Buzzy (Inc.)
Editor’s Pick: Entrepreneurship is a language unto itself and, over the years, some good — and not so good — buzzwords have become part of the lexicon. Check out our list and find out if jargon like “authenticity” and “core competency” are here to stay, or if we’d rather not hear them used again.
The Weekly Wind-Down: the Microsoft Word Paperclip (YouTube)
A very funny clip from Demetri Martin about that paperclip that pops up when you start typing a letter in Microsoft Word. Safe to watch at work.