Just like Circuit City before it, at the end of its corporate life no other company was interested in buying S&K Famous Menswear and trying to turn it around. The company was founded in 1967 by two brothers who found a niche selling quality men’s clothes at a good price, but that niche evaporated as fewer men bought suits and the lower-end marketplace became more cutthroat. Plus, a brief Q&A with former CEO Joseph Oliver.
News
VCU Medical Center already paperless
VCU Medical Center has gone almost completely paperless, putting the local hospital at the fore of a federal push to digitize records.
SBA to offer debt relief in June
For Richmond businesses struggling to make monthly debt payments, a new Small Business Administration program could provide a lifeline. The emergency loan program will start accepting applications in mid-June, the agency announced Monday. Business owners interested in the program should contact their local bank.
No word on Richmond GM closings
GM dealers in Richmond are remaining tight-lipped about which dealerships might be forced to close at the behest of parent company General Motors.
Dean search at UR Biz School back to square one
Citing financial considerations, Henry N. Butler, has withdrawn as the next dean at University of Richmond’s business school, according to an email sent to faculty and staff. The school will restart the search for a new dean.
Study says city support needed for ballpark
After reviewing the results of a $100,000 economic feasibility study, Mayor Dwight Jones still isn’t quite ready to greenlight a $318 million mixed-use project in Shockoe Bottom.
Times-Dispatch cuts 5 more staffers
The Times-Dispatch laid off four more reporters and one researcher. Click to see the memo from the publisher to employees.
Vacancy signs stay on this year
Even with Memorial Day around the corner, it doesn’t feel like a time to celebrate for Virginia’s hotel operators.
Monday Q&A: Why are local banks merging like crazy?
Within the last month, six Virginia banks have paired up faster than high schoolers on prom night. For the Monday Q&A, RBS sits down with two banking consultants and asks what the mergers may mean for local business, and whether local banks have buyer’s remorse about taking TARP money.
Area sales still slipping
Local spending is still in the doldrums, down about 6.4% in the first quarter compared with the same time a year ago. But some sectors of the consumer economy are seeing a sales increase, and a few others are showing signs of improvement.