It’s Mark Smith’s time to bask in the sunshine. Smith, a Boston native, left his job as an engineer at Qimonda in 2004. In 2006, he started Sun Smith Solar, a Richmond-based company that builds and sells photovoltaic solar panels. The first two years were dedicated to research and design; last year, the company started… Read more »
Even the marble-encrusted board rooms of Richmond can resemble the flea market these days. Consumers and businesses are haggling for better prices or discounted second or third items, according to a series of Richmond BizSense interviews conducted over the past several weeks. Business owners and managers say it’s a dangerous game, because shoppers will expect… Read more »
Eye on the General Assembly: Residents suffering from mental illness will soon have expanded access to health care thanks to a $1 million challenge grant awarded to the Virginia Health Care Foundation.
Legend Brewery is diversifying its lineup. The 15-year-old business will add six packs and expand its South Side brewery and bottling operation. The reason: Founder and Owner Tom Martin sold Legend’s sister distributorship (Legend Distributing) to Brown Distributing Company. Martin expects demand to rise now that Brown’s larger sales force will be promoting Legend’s brews.
Retailers battled through last year’s tough shopping season. Now it’s all about survival. The pullback in consumer spending has made the past six months difficult for retailers across the county, and Richmond is no exception. Negative sales. Decreased foot traffic. Slimmer margins. What can a retailer do? Some have turned to the Retail Merchants Association… Read more »
Let the rummaging begin. Blu-Ray players, promotional displays, Hawaiian shirts and wireless routers were among the hundreds of items on display in a downstairs conference room at Circuit City’s former headquarters on Broad Street. A liquidation employee said the brand-new goods were pulled from one closet.
The views expressed in Guest Opinions represent only those of the author and are in no way endorsed by Richmond BizSense or any BizSense staff member. Let me start my first column on franchising with a declaration: 2008 is over. It was a brutal year. Some of you might have felt some of the pain… Read more »
Locally-based food distributor Performance Food Group is downsizing its purchasing division. About 98 people will lose their jobs, according to paperwork filed with the Commonwealth of Virginia. Last Friday, the company announced that its independent purchasing organization, Progressive Group Alliance, would outsource its food service and group purchasing operations to Atlanta-based UniPro. The deal was… Read more »
A site in Henrico County is slated for commercial development almost 30 years after being identified by the Environmental Protection Agency as a threat to public health. Virginia Beach-based Empire Development purchased 3.85 acres of the Rentokil Superfund site near the intersection of Parham Road and Ackley Avenue for about $400,000 last year from Virginia… Read more »
White-collar jobs continue to disappear in Richmond. PrecisionIR, an investor relations technology company based in Chesterfield, let go about 40 workers yesterday, including 16 in Richmond.