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Local Business News

Stein Mart reports income loss in third quarter, despite rising sales
Fri, 21 Nov 2014 22:16:05 +0000

Stein Mart Inc. reported a $1.2 million net income loss in its third-quarter earnings, despite rising sales compared to last year.

Its sales went up 4.5 percent, to $303.7 million in third quarter 2014 from $290.5 million during the same time last year, according to a news release from the company.

But Stein Mart’s merchandise costs also rose, from $212.7 million to $219.1 million, as well as its general expenses, from $77.9 million to $86.3 million. That helped push the company’s net income below where it was in the third quarter of last year, when it made $28,000.

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Holmes Stamp & Sign buys Savannah company
Fri, 21 Nov 2014 20:58:23 +0000

Holmes Stamp & Sign Co. has made another acquisition. It’s purchased Savannah Stamp & Stencil, a 140-year-old maker of rubber stamps, stencils, engraved nameplates and badges.

Holmes Stamp & Sign has similar products.

This is the company’s sixth acquisition in the past five years.

Roger Bull: (904) 359-4296

Duval's jobless rate down slightly; falling gas prices slowing inflation
Fri, 21 Nov 2014 20:53:50 +0000

Duval County’s seasonally adjusted unemployment rate fell in October from the September figure and falling gas prices are starting to make things more affordable on the First Coast.

University of North Florida economist Paul Mason released his figures on leading economic indicators and the Consumer Price Index Friday. His differ from the state’s official numbers because Mason uses his own data and adjusts the First Coast numbers for seasonal influences.

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Looking for the best Black Friday deals? Here's where Wallethub says they'll be
Fri, 21 Nov 2014 16:44:58 +0000

Black Friday, some live for it and others despise it, but it’s considered the biggest shopping day of the year.

With stores opening earlier and the economy improving, two-thirds of shoppers are planning to head out on Black Friday as compared to just over 50 percent in 2013, according to the latest Accenture Holiday Shopping Survey.

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It took only days after Rayonier's admission for shareholder attorneys to file class-action suits
Thu, 20 Nov 2014 21:41:06 +0000

On the morning of Nov. 10, Rayonier Inc. admitted in an SEC filing that it made errors in its first two quarterly reports this year. It had listed more timber inventory than it could make use of, the company said, leading it to overstate its income by about $2 million in each report.

That filing led Rayonier to become the 138th company hit by a class-action shareholder lawsuit this year.

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Five percent increase predicted for Florida holiday sales, tourism on record pace
Thu, 20 Nov 2014 21:21:24 +0000

The Florida Retail Federation is predicting that sales will be 5 percent higher this holiday season than they were last year. That’s above the 4.1 percent that the National Retail Federation predicted last month for the entire country.

Consumer spending accounts for about 75 percent of the Florida’s gross national product.

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Arena sets attendance record
Thu, 20 Nov 2014 17:24:49 +0000

Jacksonville Veterans Memorial Arena has set a new record for attendance. Through Wednesday night’s James Taylor concert, 520,420 people have attended events at the arena this year. That beats the previous record of 518,000 set during the arena’s inaugural year of 2004.

With three more concerts scheduled next month, the arena is on pace to hit the 550,000 mark for the year, a spokesman said.

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NBC, Netflix drop Bill Cosby programming amid building rape allegations
Wed, 19 Nov 2014 20:52:03 +0000

NEW YORK — NBC says it has scrapped a Bill Cosby comedy that was under development, the second outlet within a day to put off or abandon a Cosby project after another sexual assault allegation against the comic emerged.

NBC spokeswoman Rebecca Marks said Wednesday the project “is no longer under development,” and had no further comment.

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Jacksonville's Beaver Street Fisheries rolls out new line of hot dogs
Wed, 19 Nov 2014 17:28:17 +0000

Jacksonville’s Beaver Street Fisheries is going to the dogs as the company announced a new product line this week.

The company that built its reputation as a seafood and meat supplier launched a new line of all-beef hot dogs known as Grillman’s Franks. The frank product line adds to Beaver Street’s line which includes Sea Best fish filets and breaded seafood such as stuffed clams and lobster cakes along with other shellfish products.

The company also offers products including beef, pork, lamb and poultry through the HF Outstanding Brand.

 

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Winn-Dixie accepting Apple Pay
Tue, 18 Nov 2014 21:21:39 +0000

Winn-Dixie and the rest of the Bi-Lo group are now accepting Apple Pay in all of their stores. The readers have been installed in all registers, including the self-pay, at Winn-Dixie, Bi-Lo and Harvey’s stores.

The service works with Apple iPhone 6 and 6 Plus.

The readers also accept Google Wallet and other virtual-pay services.

Roger Bull: (904) 359-4296

Candace Moody: The best way and day to ask for a raise
Tue, 18 Nov 2014 21:00:55 +0000

According to Towers Watson, a compensation consulting firm, the average raise in base pay is expected to be 3 percent in 2015. If you have not received a recent raise, next year may be the year to ask. Here’s a road map to increasing your chances of success if you plan to ask.

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Jacksonville company to pay $40 million to settle class action suit over unsolicited ads
Tue, 18 Nov 2014 18:50:38 +0000

Interline Brands Inc. has reached a $40 million settlement, subject to approval by a judge, in a class action lawsuit claiming the company sent illegal advertisements via fax.

The lawsuit, which was filed in May 2011, claims that the Jacksonville company sent unsolicited fax advertisements between 2007 and 2011. The ads were in violation of the Telephone Consumer Protection Act, the lawsuit says, which bans companies from sending unsolicited fax ads to consumers they don’t already have a business relationship with.

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City board will vote on financial support for new downtown steakhouse, hotel
Tue, 18 Nov 2014 18:17:08 +0000

A proposed incentives package for turning an abandoned downtown building into the Cowford Chophouse would provide up to $750,000 in city help.

The Downtown Investment Authority is scheduled to vote Wednesday on the deal, which would then go to City Council for final approval.

The DIA board also will consider backing property tax rebates for a developer to build a 150-room hotel in the fast-changing Brooklyn neighborhood on the edge of downtown.

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One Spark Speaker Summit to feature top entrepreneurs
Tue, 18 Nov 2014 14:23:54 +0000

Travel websites and apparel company officials will kick off an expanded rendition of Jacksonville’s One Spark crowdfunding festival in April. There will even be some mixing with sharks, sort of.

Officials with One Spark announced their lineup of guest speakers and the list features CEOs and top entrepreneurs from across the country.

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Shareholders say they took hit over Rayonier timber inventory mistake
Mon, 17 Nov 2014 22:39:28 +0000

A handful of shareholders of Rayonier Inc. have filed class action lawsuits against the company, saying they bought its stock at inflated prices after it gave incorrect information about its timber inventory.

Rayonier, a Jacksonville-based company that owns 2.6 million acres of timber forest in the United States and New Zealand, said in a Nov. 10 SEC filing that it overstated its income by about $1.9 million in its first quarter earnings report and by about $2 million in the second quarter.

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Last updated at: 11/22/2014 12:09:33 AM ET

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Photo courtesy of Richard McKinney

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LAS VEGAS, NV - DECEMBER 10: Recording artist Darius Rucker arrives at the American Country Awards 2013 at the Mandalay Bay Events Center on December 10, 2013 in Las Vegas, Nevada. (Photo by Isaac Brekken/Getty Images)

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27th Annual Martin Luther King, Jr. Breakfast

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