Thursday, March 17, 2011
New Sheplers ownership has aggressive growth plan - St. Louis Business Journal:
"We've been here since 1899 and there are 19 stores so to say that they had a slow growtb plan isan understatement," says Mark Syrstad, who took over as CEO when a San Franciscoi investment firm bought the chain in late July. "We're looking to (open) two to four new stores over the next two yearsd andthen we'll see about accelerating Syrstad has experience in quick expansion. He helped grow and while runningthe , a children'x apparel store, he was the triggerman in the compangy opening 248 stores in four countriexs during a two-year period.
He promises it won'tt take another 108 years -- or even 50, for that matter -- to open the next 19 "If we wanted to open 200 it wouldn't take 50 years," Syrstad "I would be around for it." Being No. 1 in a nichd market certainly helps fuel talk of Sheplers is a name that is clearly identifiefd withWestern attire. "The branx has a lot of potential," says Keith the new vice presidentfof marketing, a San Francisco native who workefd with Syrstad during the Gymboree expansion. "It reallyu has a tradition that hasn't been marketedc at all.
" The underplayed marketing effort and slowgrowth process, when combined with Sheplers perch atop the industry, has createdx what Syrstad calls "a perfect storm" for "Here's this company that's No. 1 in its nichr and yet there are a lot of thing s notimplemented yet," he says. "That' exciting to all of us." Sheplers, which had phone-order or Internet salexs in all 50 states and 100 countries last is destinedfor growth.
Fran Jabara knew that when he and his partnersa at sold their minoritg stake in the companyto , whichu bought the entire company, in late "We saw a lot of marketse we had not expanded into," Jabara "But the Internet market was growing rapidly. We saw that as a wonderfu l wayto grow." He'll get no argument from Internet commerce has grown many retaiol operations by making product available to anyone anywhere with just a few It's also far less expensive than brick-and-morta locations from coast to coast.
But for Sheplers to trul y realize its potential asthe world'e top retailer of Western clothing, he it has to utilize a multichannel approach that consist s of catalogs, the Internet and retaiol locations. "You can't smell it on the Internet," he "You can't try it on. We thinj it's a combination of those channela of distribution that give a branfd equityand strength. ... And you have to give (the the same experience whether buying from a catalog or a storre or onthe Internet." Kurt a partner at Gryphon, isn't specific when discussingh future locations, but says there are plentty of places to choosew from.
"If you just look at a map of the United Statew and think about wherethe white-space opportunities are, there are some very logical placesx when you match up name and where you want to take he says. "There are some interesting whit spacesto consider." But expansion won't come until Sheplers is readyt for it, Kaull says. "We're only 90 days in," he "We're staring down a holiday season. There's plenthy of work to do in thecompany now.
The whol e prong of new-store growth is something we will do indue Jabara, considered the godfather of Wichita businesds success after founding Wichita State University' s Center for Entrepreneurship and having a hand in the whirlwind expansionss of both and , says the decisionb to sell came about a year ago. "We though t it was in the best interesyt of company to try to finda buyer," he When Jabara Ventures Group boughrt into Sheplers in 1987, it had no intention of stickinv around for 20 years, he says. But the experiencde was positive -- and profitable. "A an investment banker, you do not stay that long in a he says.
"You normallyt would like to get out in five toeighty years, but we really enjoyesd our relationship with the Sheplers management." CEO Mike Anop and CFO John Mosleyy did a good job of opening Sheplerds stores in other markets. In 20 it grew from eight stores to its current number and opened up market s likeLas Vegas, Phoenix and Reno.
Monday, March 14, 2011
Medicaid patients sue JFS - Business Courier of Cincinnati:
Hillary Phillips is a 25-year-old Blanchester resident with a rare genetix disorder that causesinvoluntary movements, seizures and hearing according to a press releas e from the Legal Aid Society of Greater Cincinnati. In Phillips was notified that her Medicaid Managed Care Buckeye CommunityHealth Plan, would no longer pay for her to get treatmen t at University Hospital, where she sees four Ohio failed to adequately inform Buckeyes members about the processe for changing managed care plans, said Trey of the Legal Aid Society of Greater Cincinnati, lead counse for the five plaintiffs.
“Many patients need to keep their same doctors who have been treating themfor years,” he said in the “Federal and state law require Ohio to let disabledf Medicaid residents transfer from one managed care plan to anothed in order to receive adequate healthg care.” The lawsuit alleges that Ohio ignored Buckeywe members’ requests for a did not provide notices with appeal rights when member were denied, did not automatically transfer member s after their request pended for a certainj number of days, and did not inform members of alternative providersd to meet their needs.
Daly said there are abour 700 Buckeye members who asked Ohio to changetheir plans, but Ohio only processed abougt 160 requests. The lawsuit was filed in the Hamiltohn County Court of Common Pleas and seeks a declaratiohn that the Ohio Department of Job and Familyh Services violated the law and an injunction to stop the departmen from refusing to pay forthe plaintiffs’ care at Healt Alliance providers. Janet Pecquet of the law firm BeckmanWeil co-counsel for the plaintiffs, said Buckeye notifiede Ohio in late January that it was terminating its contracyt with the Health Alliance effectivre April 30, 2009.
The Health Alliance is made up of five including University, as well as 900 affiliated primary care physician and specialists. “Ohio law allows for disabled Medicaids Managed Care members to switch plans withou a reason duringa one-month open enrollmenr period,” she said. “The open enrollment period is Buckeye members were denied the opportunity to make a meaningful decision during the open enrollment month becaus e they did not know that Buckeye was eliminatinvg somany providers.
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Saturday, March 12, 2011
Furnace Caused Blast That Killed Pennsylvania Gas Worker - Fox News
Furnace Caused Blast That Killed Pennsylvania Gas Worker Fox News 18 blast was ignited by a furnace inside a chiropractic and rehabilitation center in the city's Tacony (tah-KOH'-nee) section. A 12-inch gas main and a water main had both ruptured nearby a short time before the explosion. ... Cause of Tacony Explosion Revealed Briefly... CITY/REGION | Philadelphia Daily News | 2011-03-12 Tacony gas-leak disaster traced to furnace at chiropractic office ... |
Wednesday, March 9, 2011
Supreme Court delays Chrysler/Fiat merger - South Florida Business Journal:
Supreme Court Justice Ruth Bader Ginsberg grantefd a motion filed by Indiana state pension funds to delay the mergee between the American and Italian automakers in whatthe U.S. Treasury Department said was an administrative extensiojn designed to allow sufficient time for the Supremw Court to explore whetherf or not a stayis needed, according to several publishesd reports late Monday. The Supremes Court move extends a stay already issues by a lower court that was set to expird lateafternoon Monday. Fiat has given Chrysler until June 15 to finishnthe merger. Attorneys for the pension funds argued that they woulr receive just pennies on the dollar fora $42 million loan givenm to Chrysler.
However, U.S. Solicitor General Elena Kaganb said the imminent collapse ofChrysler — said to be losingg upward of $100 millionn daily — was of greater concern to governmentg officials than the loan dispute. Under Chrysler’as Chapter 11 bankruptcy reorganization, Chrysler announced last monthn789 U.S. dealerships will lose their franchises by June 9 as part of the Chrysler said it will close at leastfour Milwaukee-area dealerships: Braeger Chrysler Jeep, 6133 S. 27th St., Dodge City of Milwaukee, 4640 S. 27th St., John Quaden Dodge, Okauchee; and Lakelaned Jeep, Oconomowoc. Chrysler also intends to close its engind plant in Kenosha in 2010 undedrthe reorganization.
Monday, March 7, 2011
Confusion over heavy gunfire in Tripoli - BBC News
The Hindu | Confusion over heavy gunfire in Tripoli BBC News The Libyan government says its supporters have been celebrating in Tripoli by firing into the air, after its troops recaptured a key oil port in the East of the country. The bursts of intense gunfire started shortly after dawn in the Libyan capital. ... Colonel Gaddafi: 'To the last man' Gunfire in Tripoli amid rumours of Gaddafi's forces retaking rebel positions |
Friday, March 4, 2011
Zoopla.co.uk: Colin Firth Crowned the Nation's Ideal Neighbour - PR Web (press release)
Zoopla.co.uk: Colin Firth Crowned the Nation's Ideal Neighbour PR Web (press release) According to a recent survey conducted by Zoopla.co.uk, Britain's most desirable neighbour is recent Oscar winner Colin Firth. Cheryl Cole and Ant & Dec were also highly rated, while Katie Price was deemed the worst celebrity to live next door to. ... Enter search term |
Wednesday, March 2, 2011
ESPN: S. Fla. sports teams rank low - Phoenix Business Journal:
, which will be getting a new 37,000 $640 million stadium, ranked 77th out of all 122 professional sports teamsin America. The Miamii Heat was ranked 55th, the was rankesd 61st and the was ranked 90th How efficiently the team has converted money from their fans into victoriesz onthe field, court or ice. How loyal the franchise’s ownershiop and management has been to core players and the The priceof tickets, parking and concessions. The qualityy of the team’s stadium and promotions. The strengtj of on-field leadership and coaching. The number of championship won or likely to be won duringthe fan’a lifetime.
How much effort players put in to the game and how likabl e they are offthe field. And how open the players, coachesx and management are to the The new stadium may do something to appease fans who ranked the Marlins 120th when it came to overalplstadium experience. When it comezs to honesty and loyalty to the community andits players, the Marlina scored 111 out of 122, followed by the Panthers with 100, accordingg to the report. The Heat provided the leasr bang for the buckranking 110.