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Pike Nurseries Becomes an Employee-owned Company

Pike Nurseries management is pleased to announce the company has combined with Armstrong Garden Centers, its sister corporation in California, to operate under an established Employee Stock Ownership Plan (ESOP). The plan transfers ownership to Pike Nurseries and Armstrong Garden Centers employees through a defined contribution benefit program. 

 

“The ESOP program allows us to reward our employees for their hard work and longevity with the company,” said Mike Kunce, CEO and Chairman of the Board at Pike Nurseries and Armstrong Garden Centers. “This structure not only enables management continuity, but also ensures the employees who have built and sustained Pike Nurseries and Armstrong Garden Centers play an integral part in the future success of the business.”

 

RadioShack to close 1,100 stores

(USA TODAY) -- After reporting dismal fourth-quarter earnings, RadioShack said Tuesday that it would close about 1,100 poorly performing stores, roughly 20% of the electronic retailer's locations.

The store closings will leave about 4,000 locations in the U.S. The company has been struggling to revamp its stores for the past year.

Total net sales and operating revenues were $935.4 million in the fourth quarter, vs. $1,171.4 million last year, a 20% decline. Comparable store sales were down 19%, which the company blames on poor performance in its mobile phone business.

RadioShack stock was down more than 20% in premarket trading.

"Even in this environment, we're continuing to make progress on the five pillars of our turnaround plan: repositioning the brand, revamping the product assortment, reinvigorating the stores, operational efficiency and financial flexibility," CEO Joseph C. Magnacca said in a statement.

RadioShack to close 500 stores

(ATLANTA BUSINESS CHRONICLE) -- RadioShack scored big points with its comedic 1980s-themed Super Bowl ad that poked fun at the retailer's outdated image, but the mood was more somber on Tuesday when news broke that around 500 stores will close in the coming months.

WATCH | RadioShack Super Bowl ad

The Wall Street Journal says it isn't clear which of the Fort Worth, Texas-based company's 4,300 stores will be closed or when.

The closings are part of a restructuring. Says the WSJ, "The retailer has struggled to reverse a string of losses deepened by a sales strategy focused around smartphones, which failed to improve revenue over the past two years."

Grocery is the #1 holiday purchase! Research shows where consumers are spending this holiday season

Grocery is the #1 holiday purchase! Research shows where consumers are spending this holiday season

With all the hype and Black Friday campouts at Best Buys and Toys R Us, you'd guess that the majority of holiday shopping budgets go to purchases like electronics, toys and clothing. But according to new research, the biggest share what comes out of your holiday wallet actually goes to ... groceries and restaurants.

New data from Card-Linked Marketing leader Cardlytics -- collected from millions of U.S. households over the past two years -- shows what consumers actually spend their money on during the holiday season.  When it comes to holiday shopping Americans are spending 24% of their budget on groceries followed by restaurants and apparel.  Toy purchases are actually at the bottom of the list.

The Top 10 Share of Wallet (see link/attached for graphics and pie charts for 2011 and 2012 holiday spending):

1. Groceries - 24%

LittlePINKBook.com invites women to join conversation Nov. 12 with top female executives

LittlePINKBook.com invites women to join conversation Nov. 12 with top female executives

ATLANTA -- LittlePINKBook.com, America’s No. 1 digital platform for career women, will host its 9th Annual Fall Empowerment Event on Tuesday, Nov. 12. Top-level female executives will share their experiences with rising through the corporate ranks to an audience of like-minded, successful women motivated to get there.  

Executives on the panel will be asked questions from the event’s moderator, Carol Costello, anchor at CNN Newsroom, Little PINK Book’s CEO and Founding Editor Cynthia Good as well as attendees. Panelists include:

Sad day for Atlanta couponers: The end of Kroger double coupons

Sad day for Atlanta couponers: The end of Kroger double coupons

ATLANTA -- The wave of couponers' cries heard in the Midwest and Texas has finally hit the Southeast!

For years, we have enjoyed the everyday doubling of coupons $0.50 and less. We got FREE items because of this great policy and it made handling an almost impossible budget easier for us couponers and savvy shoppers.

While I am not saying that this will hurt us (I will be posting some other things Kroger is doing), it does have me wondering -- in this competitive Atlanta market, where we use more coupons per capita then ANYWHERE in the US -- how will this fare? Will Publix jump on the bandwagon?

The end of double coupons becomes effective September 21, 2013. For this couponer, I will be having to double check my shopping list with this new rule. It's not fun, but a lot of new things are coming from Kroger, and I think this is why the program of double couponing is ending.

Local nonprofits gain grant to help domestic violence victims in Georgia

Local nonprofits gain grant to help domestic violence victims in Georgia

ATLANTA -- The Judicial Council of Georgia Domestic Violence Committee awarded a grant on Friday that will go towards the work of nine nonprofit organizations in and near Atlanta. 

The grant of almost $1.6 million will help bring legal services to around 4,500 people with low income around Georgia who have suffered from domestic violence and are working to bounce back. A spokeswoman for the Judicial Council reported that the funds are given each year to develop domestic violence training and legal services for victims.

According to the spokeswoman, not included are divorces, deportations and other matters which are not related with the victim's safety, along with economic security.