Archive for the ‘Business news’ Category
Filed with the city’s Development Services department are the companies’ site plans and architectural drawings so here are what the buildings for Firehouse Subs and Carlock Kia will look like, more or less. You’ll have to scroll down to see The Carlock image. The CarMax image is available on the link provided above.:
The Northern Loop that connects Coley Road to Barnes Crossing Road in Tupelo includes two bridges – one over the Natchez Trace Parkway and one over U.S. Highway 78/future Interstate 22.
Meanwhile, the Mississippi Department of Transportation has announced that the 78 bridge construction will begin this month. Century Construction of Tupelo will be building the $10.5 million bridge, and it should be finished by November.
Just in time for the holidays!
Press release from MDOT:
The Mississippi Department of Transportation (MDOT) has announced plans to being a project improving travel around the US 78 and Coley Road intersection in Lee County.
The project includes construction of a bridge over US 78 allowing motorists a more direct route to the Barnes Crossing area. In addition to the bridge, this project will also construct four interchange ramps at the US 78 and Coley Road intersection.
“The goal of this project is to relieve some of the traffic pressure on US 45 and Barnes Crossing Road,” said Transportation Commissioner Mike Tagert. “This new interchange will provide motorists traveling east toward Tupelo on US 78 another route to the Barnes Crossing area. We ask for your patience as we work to improve your commute in Lee County.”
This $10,515,312 construction contract was awarded to Century Construction of Tupelo. Construction is expected to begin this month with a projected completion date of November 2014. This project will involve lane and road closures; however, most of the major closures will occur at night. Once work begins, motorists should expect delays in this area.
Here’s the new Tupelo logo officially unveiled today at the CVB:
Office products superstore Staples is closing 225 of its North American locations by the end of 2015, the company said today.
Staples has two stores in Mississippi – Tupel0 and Pascagoula.
…. the largest U.S. office-supplies chain, will close as many as 12 percent of its North American stores and cut as much as $500 million in costs as online competition continues to hurt sales. The shares fell.
The annual pretax savings, which the company expects to achieve by the end of 2015, will come from areas including the supply chain, sales force, marketing and information-technology services, in addition to the store closings, the Framingham, Massachusetts-based company said in a statement today.
The retailer is facing increased threats from Internet-based rivals such as Amazon.com Inc., a challenge that spurred Office Depot Inc. to merge with OfficeMax Inc. last year. Staples said sales in its fiscal first quarter will fall from a year earlier, the fifth straight quarterly decline, and profit will be as much as 22 cents a share, trailing analysts’ 27-cent average estimate.
The shares fell 15 percent to $11.35 at the close in New York for the biggest one-day decline since May 18, 2011. The stock has slid 29 percent this year, compared with a 1.6 percent gain for the Standard & Poor’s 500 Index.
From Mississippi Public Service Commissioner Brandon Presley’s office:
National Association of Regulatory Utility Commissioners President Colette D. Honorable of Arkansas today named Commissioner Brandon Presley of Mississippi as Chair of the Association’s Committee on Consumer Affairs.
Commissioner Presley is replacing outgoing Committee Chair Betsy Wergin of Minnesota, whose three-year term expired. Commissioner Jack Betkoski of Connecticut will remain as Vice Chair of the committee.
The Consumer Affairs Committee is chartered to analyze the important role State utility regulators play in protecting consumer interests. It also is one of the only NARUC committees that cut across all utility disciplines, with a particular focus on the energy and telecommunications industries. With the onset of restructured markets, the committee addresses related challenges such as slamming, information protection, and consumer education. Read the rest of this entry »
The Tupelo Convention and Visitors Bureau has been working on a new branding campaign, and a meeting at 4 p.m.today at the CVB office will unveil what it’s all about.
Here’s a big hint from this notice about the meeting: it has something to do with the “Center of Positivity.”
The current branding has been to “put a little Elvis in it,” but CVB executive director Neal McCoy said last year that while it worked well with some elements of the CVB’s branding, it didn’t translate over to everything, like sports and film.
We’ll get all the details later today.
So… Tupelo is the “Center of Positivity.”
What do you think?
Ashley Furniture HomeStore, the largest furniture retailer in the U.S., celebrated the opening of its 500th store in Longview, Texas, on Feb. 21. It is the chain’s 48th store in the Lone Star state.
The company, whose sales exceeded $3 billion in 2013, has 50 additional HomeStore openings on tap in 2014.
“When the first HomeStore opened in 1997 (in Anchorage, Alaska), we were confident that this business model would be capable of providing complete home furniture solutions that would meet or exceed consumer expectations in price, delivery and service,” said Todd Wanek, president and CEO of Ashley and Ashley Furniture HomeStore.
“It is with a tenacity to never stop innovating that our teams – from the local level to our corporate headquarters – have propelled our growth throughout the last two decades, and with the latest improvements to our operations and customer fulfillment systems, I’m confident that this trend will continue into the future.”
Ashley Furniture Industries employs about 3,000 workers at its facilities in Northeast Mississippi: Ecru, Ripley and Verona.