Here is news about local businesses from the Business Journal:
Sears gets a $350M loan so it can survive through the holidays Fri, 16 Nov 2018
Sears Holdings Corp. obtained a new $350 million loan that will allow the bankrupt retailer to keep operating through the holiday season.
Great American Capital Partners is loaning the money — at a pretty high interest rate — to keep Hoffman Estates, Illinois-based Sears afloat during the all-important retailing time of the year.
The deal was expected, as the Chicago Business Journal reported yesterday that the funding will be a boost to a $300 million financing package that was already in…
(SLIDESHOW) Traveling for Thanksgiving? Here's how airlines are stacking up when it comes to delays Fri, 16 Nov 2018
Airlines are predicting record passenger traffic at U.S. airports this Thanksgiving travel season, but with an unexpected qualifier: Despite the congestion, flight delays are expected to descend as the month unfolds.
For airlines, Thanksgiving travel informally begins Friday, Nov. 16, and ends Monday, Nov. 26. This year's rush is expected to fluctuate between a high of 3.06 million passengers traveling the Sunday after the holiday to a low of 1.73 million on Thanksgiving day, according to research…
Hanesbrands to open fourth U.S. retail store, expand presence of Champion brand Fri, 16 Nov 2018
Winston-Salem-based Hanesbrands is further expanding the retail presence of its Champion brand with the opening of a speciality store location in Boston, the brand's fourth U.S. retail location.
The 2,825-square-foot store will open Saturday at 333 Newbury Street in Boston. Newbury Street is part of Boston's popular eight-block retail area in the Back Bay area of the city.
Hanesbrands is pushing to grow the retail presence of the Champion brand. This year, the company opened its first three U.S.…
Drills, weights and yoga: Scenes from the 2018 Healthiest Employers awards program Fri, 16 Nov 2018
Triad Business Journal's annual program honoring the Triad's Healthiest Employers is the one awards program where wearing workout clothes is appropriate.
In fact, it might as well be required.
On Thursday, TBJ recognized 16 companies from the Triad who are making the health of their employees part of their mission statements. The program, held at Greensboro's Starmount Country Club, is our most active event, offering a slew of quick exercise classes that promote health and wellness. From yoga and…
AT&T's NC president, N.C. A&T State trustee Harrison headed for Georgia Fri, 16 Nov 2018
AT&T said Thursday it's named Venessa Harrison state president for Georgia, succeeding William Leahy, who recently retired after a nearly-four decade career with AT&T.
Harrison comes to Georgia after serving as AT&T-North Carolina’s state president since 2013. A native of Raleigh, she began her telecommunications career in 1979 as a telephone operator. She subsequently worked her way into management in the network, business, and regulatory and external affairs departments.
In addition to her…
Construction begins on Triad retirement villas Fri, 16 Nov 2018
Construction has begun on 56 villas at a non-profit continuing care retirement community in the Triad.
General contractor Frank L. Blum Construction of Winston-Salem has started work on The Woodlands, part of Salemtowne, which is off Moravian Road in north Winston-Salem.
Salemtowne CEO Mark Steele said most of the villas were sold prior to construction, but some remain available. The Woodlands is near Wachovia Village at Salemtowne.
The project will consist of four two-story buildings with seven…
Belk turns to smart-home tech deals, $1M in gift-card giveaways to lure Black Friday shoppers Fri, 16 Nov 2018
Belk shoppers will find Black Friday doorbusters on smart-home technology for the first time this year.
The Charlotte-based retailer will offer deals on electronics from Amazon, Google and Nest. Think options like Amazon’s Echo Dot for $19.99 or the Nest thermostat for $179.99.
“Smart home is an exploding category,” says Scott Ternes, senior vice president of home merchandise. “We didn’t want to miss out.”
The move positions Belk to better compete and provides another driver to…
Qorvo lowers revenue, earnings expectations due to weak iPhone demand Fri, 16 Nov 2018
Qorvo Inc.’s struggles this month continued after the Greensboro-based semiconductor company lowered its third quarter 2019 projections in response to weak demand for iPhones, according to a filing with the Securities and Exchange Commission.
Qorvo, one of Apple’s chip suppliers, cut its revenue expectations for the upcoming quarter to between $800 million and $840 million. That range falls below Wall Street analyst projections, which average out to around $854 million.
The company previously…