CarMax, reported that searches for smaller, more fuel-efficient vehicles on the company’s website continue rising. The Mazda3 moved up from the 39th most popular search in March to the 16th most popular search in June. The VW Beetle (shudder) rose from 71 to 40. Meanwhile, Cars.com reported that sales for the Honda Fit were up… Read more »
Workers who rely on tips are starting to see the tip jar as half empty. In a BizSense survey, 70% of workers in a tip-dependent industries said that their compensation has gotten noticeably worse this summer compared to previous months. We surveyed 25 workers, including waiters, waitresses, hair dressers, shoe cleaners, bus boys, delivery boys… Read more »
High gas prices are squeezing the gas stations, too – in particular, the rapidly rising credit-card fees, which can run around 3% of the total cost. When gas was $2 a gallon, that meant a charge of 6 cents per gallon to the gas station for the convenience of processing the transaction. Now that’s up… Read more »
The search is on to find the most promising startups in the Richmond area. The fourth annual Greater Companies to Watch series is now accepting nominations on its freshly-launched website. The winners will be announced on October 29 at a celebration at Toad’s Place, and will then be featured in a widely read brochure.
A transplanted couple from Arizona wants to cleanup a block of East Main Street – by making and selling soap in a formerly dilapidated store. Michael and Sharon Walsh started making soap 18 years ago after receiving a how-to book as a gag gift. “The book was horrible. I was forced to find a way… Read more »
Editor’s Note: Every once in a while we like to lighten things up and look at the subplots, and the underpinnings of the working world. In this piece, reporter Alec Depcrynksi tags along with a vendor at a Richmond Braves game. We start at the Flamingo Joe’s base camp, the snow cone stand near the… Read more »
Starbucks announced the locations of the first round of store closings, and none are in Richmond. Five are in Virginia. The Seattle-based company will close 600 stores nationwide. Last week BizSense reported that baristas at three different locations said their managers told them that the Richmond locations are not on the chopping block. Many said… Read more »
Now bloggers and stay-at-home moms aren’t the only ones who can work in their pajamas. Virginia’s existing Kaine Expands Telework Policy has just been expanded to include about 120 employees who work for Governor Timothy Kaine’s Office and Cabinet.
By now you’ve likely heard about Belgian brewer InBev’s successful takeover of Anheuser-Busch. How this deal will affect local businesses is still unknown, but two sectors that will likely experience the effects come directly to mind: local distributors who sell Anheuser-Busch products, and local properties owned by the brewing giant including Busch Gardens and Kings… Read more »
When companies merge, key top executives are often pushed out, according to a recently published study by a Virginia Commonwealth University business professor. Jeffrey Krug, associate professor of strategic management at the VCU School of Business, and Walt Shill, managing director at Accenture, followed the careers of more than 23,000 executives in more than 1,000… Read more »