Richmonders have knocked $256,000 off their gasoline bill by swiping their Ukrop’s member cards at Uppy’s gas stations. Las month, Ukrops and Uppy’s launched a joint promotion last month called fuelperks!. BizSense reported it here. For every $50 spent on groceries at Ukrop’s, customers get 10 cents off each gallon of gas at Uppy’s. If… Read more »
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CFO and CAO leave S&K
Long-time S&K Menswear CFO Bob Knowles has left the company. Controller and Senior Vice President & Chief Accounting Officer Janet L. Jorgensen has also left the company. Knowles was with the company for more than 25 years. S&K announced last week that it was cutting 50 local jobs. CEO Joseph Oliver could not be reached… Read more »
Small cars hit puberty and get popular
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 »
Gas station asks customers to pay with cash
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 »
Kaine Expands Telework Policy
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.
VCU study: Mergers and acquisitions disrupt management
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 »
Lumber Layoffs
Roper Brothers Lumber has laid off dozens of workers due to a slowdown in the housing sector. The Petersburg-based company, which had operations around Virginia and North Carolina, closed a plant in Raleigh, let go of around 22 workers at a Newport News Truss plant, and cut the size of the workforce at showrooms in… Read more »
Do looks matter in business?
The golfer Fuzzy Zoeller used to say that you gotta look good to feel good. There might be some truth in that. And it might also be smart business advice. There’s an interesting dialogue on the Freakonomics Blog about how appearance affects careers. BizSense has wanted to investigate this issue for months. One source told… Read more »
Auction-rate insecurity: Local investors and businesses still waiting to get money
Some local businesses and individuals are still trying to get their money out of auction-rate securities – bond funds that were thought to be as accessible as savings accounts but became frozen. BizSense reported in April that investors with Wachovia Securities, Davenport & Co. and Charles Schwab could not get money from mutual funds that… Read more »
Business called Schwing
I saw a construction vehicle from Schwing Concrete on the road. Things must have gotten tough after Wayne’s World.
