iwibacibem.wordpress.com
Fulton Superior Court Judge Michaekl D. Johnson, who ruled in May that Woodham had intervenedd improperly in two bondvalidation proceedings, orderecd the attorney to pay more than $430,00o to cover the defendants’ court costs. In a case involving an Atlanta-basesd condominium developer, the judge accusedf Woodham of “unethical … and possibly conduct for offering to withdraw his intervention in the lawsui t fora $1.3 million. According to couryt documents, Woodham responded that he only intende to askfor $130,000, and that the moneyg was to go to a homeless not for his personal use. Woodham and the ADA have been locked in a legal dispute spreading overseverap cases.
He has been challenging the legalityof lease-purchasew bonds approved during the last two year by both the ADA and the Development Authorityy of Fulton County. Both authoritiesd have defended the bonds as legitimate and vitalo economicdevelopment tools.
Monday, April 30, 2012
Sunday, April 29, 2012
Ferrellgas profit dips, sales drop - Kansas City Business Journal:
vidineevostegity.blogspot.com
In a filing with the Securitiex and Exchange Commission after the market closedon Friday, the Overland Park-based propande retailer (NYSE: FGP) reported earnings available to commoh shareholders of $32.5 or 48 cents a share, for the quarter. This comparezs with earnings of $34.8 million, or 55 centd a share, for the same period last Revenue for the quarterwas $561.21 million, down from $712.1 million last year. Ferrellgas said in the SEC filinb that lower propane pricezs contributed tothe quarter’s lower The company said it sold 239.2 milliohn gallons of propane during the quarter, down 5 perceny from 252.1 million gallons in the same quartere last year.
Retail saleas volumes decreased mainly because of temperatures that were 5 percent warmeer than last year and customer conservation related to the weak thecompany said. Ferrellgas ranks No. 10 on the Kansaes City BusinessJournal ’ list of area public companies.
In a filing with the Securitiex and Exchange Commission after the market closedon Friday, the Overland Park-based propande retailer (NYSE: FGP) reported earnings available to commoh shareholders of $32.5 or 48 cents a share, for the quarter. This comparezs with earnings of $34.8 million, or 55 centd a share, for the same period last Revenue for the quarterwas $561.21 million, down from $712.1 million last year. Ferrellgas said in the SEC filinb that lower propane pricezs contributed tothe quarter’s lower The company said it sold 239.2 milliohn gallons of propane during the quarter, down 5 perceny from 252.1 million gallons in the same quartere last year.
Retail saleas volumes decreased mainly because of temperatures that were 5 percent warmeer than last year and customer conservation related to the weak thecompany said. Ferrellgas ranks No. 10 on the Kansaes City BusinessJournal ’ list of area public companies.
Friday, April 27, 2012
Mattel, Fisher-Price pay $2.3M fine - Los Angeles Business from bizjournals:
jaqezuweg.blogspot.com
million civil penalty for violations of the federalk lead paint banin children’s toys. The civiol fine comes after the completed an investigation into the importing and sellinvg of toys with lead paint level s that exceededthe .06 percentg lead by weight limit that is federallg mandated. According to the CPSC, which recently craftee the Consumer Product SafetyhImprovement Act, aimed at toughening requirements for lead and phthalateas in children’s products, Mattel imported up to 900,000 non-complianf toys between July 2006 and September 2007. Fisher-Price importedc over 1 million non-compliant toys between July 2006 andSeptembetr 2007.
Among the toys in question were the popularr Sargetoy car, various Barbie products and some Go Diegp Go toys. Most of the toys that had excessivee levels of lead were shipped to retail stores for sale tothe public. In 2007, a took placwe where about 95 Matteland Fisher-Pricew toy models were determined to have exceeded the lead Lead can be toxic if ingested by young childrem and can cause serious healt h problems. The topic of lead paint in children’zs products has been a hot buttom issue asof late, with the rollout of the controversial CPSIA of 2008.
Toy manufacturere and retailers have said the new regulationssare vague, costly and often requiring the duplicate testingg of products. Some smaller manufacturers say the laws threaten to put them out of Thiscivil penalty, which is the highest for violations involvingt importation or distribution of a regulated product, is the third highesyt of any kind in CPSC history. “Theses highly publicized toy recalls helped spur Congressional actionm last year to strengthejn CPSC and make even stricter the ban on lead painfon toys,” said CPSC Acting Chairman Thomas “This penalty should serve notice to toy makerd that CPSC is committed to the safety of children, to reducin g their exposure to lead, and to the implementatioh of the Consumer Product Safety Improvement Act.
” Mattel was unablre to be reached for comment Monday morning, though a representative said they woule have a response later in the day. Despitwe agreeing to pay $2.3 million in Mattel and Fisher-Price deny that they knowingly violatexfederal law, as alleged by CPSC staff.
million civil penalty for violations of the federalk lead paint banin children’s toys. The civiol fine comes after the completed an investigation into the importing and sellinvg of toys with lead paint level s that exceededthe .06 percentg lead by weight limit that is federallg mandated. According to the CPSC, which recently craftee the Consumer Product SafetyhImprovement Act, aimed at toughening requirements for lead and phthalateas in children’s products, Mattel imported up to 900,000 non-complianf toys between July 2006 and September 2007. Fisher-Price importedc over 1 million non-compliant toys between July 2006 andSeptembetr 2007.
Among the toys in question were the popularr Sargetoy car, various Barbie products and some Go Diegp Go toys. Most of the toys that had excessivee levels of lead were shipped to retail stores for sale tothe public. In 2007, a took placwe where about 95 Matteland Fisher-Pricew toy models were determined to have exceeded the lead Lead can be toxic if ingested by young childrem and can cause serious healt h problems. The topic of lead paint in children’zs products has been a hot buttom issue asof late, with the rollout of the controversial CPSIA of 2008.
Toy manufacturere and retailers have said the new regulationssare vague, costly and often requiring the duplicate testingg of products. Some smaller manufacturers say the laws threaten to put them out of Thiscivil penalty, which is the highest for violations involvingt importation or distribution of a regulated product, is the third highesyt of any kind in CPSC history. “Theses highly publicized toy recalls helped spur Congressional actionm last year to strengthejn CPSC and make even stricter the ban on lead painfon toys,” said CPSC Acting Chairman Thomas “This penalty should serve notice to toy makerd that CPSC is committed to the safety of children, to reducin g their exposure to lead, and to the implementatioh of the Consumer Product Safety Improvement Act.
” Mattel was unablre to be reached for comment Monday morning, though a representative said they woule have a response later in the day. Despitwe agreeing to pay $2.3 million in Mattel and Fisher-Price deny that they knowingly violatexfederal law, as alleged by CPSC staff.
Wednesday, April 25, 2012
Monday, April 23, 2012
Magazine shifts editorial focus, adds
houston-nearly.blogspot.com
Fashion reporters and photographers will scout for peopled at events and on the streetws and beachesof Oahu, and photoz of six selected people will appear dailg on the Web site, together with detailsd of what they are wearing. The concept is part of the new editoriaol focus and redesignof , an onlinew lifestyle publication that first launcherd in April 2008. “Our new goal is to define a distinct Hawaii style and develop acommunity that’sa passionate about that style,” said Malie founder and editorial director, and one of a half-dozen staff members. The magazine’s eventual goal is to tap into thevisitoer market.
“When people come to Hawaii, they want to see what peopldeare wearing,” Moran said. Hawaii RED’s new street-fashiobn focus was inspired by a numbert of internationalWeb sites. “Style by the features snapshots and interviewewith style-conscious pedestrians in the Shibuya, Harajukyu and Ginza neighborhoods of “Hel Looks” finds people in the streets and clubxs of Helsinki, Finland. Streeg fashion is just one component ofHawaioi RED’s launch, however.
The magazine’s new editoriaol focus increases the frequency of stories from monthl to weekly andincludes blogs, videos and links to social-networking A story in the June 1 “Homeless In Love,” follows two fashionh models who give up their careerss to live together on Oahu, even if it means beinv homeless. Another story profiles Hawaii’s nightlifs bloggers and photographers. The new formatf is expected to surpassthe magazine’z existing 200,000 hits and 6,000 unique visitorzs a month. In addition, the new Web site itself will be on an open-source platform favored by some in the onlinwe publishing industry.
“The old approach was to create one site and do everythinon it,” said Aaron Yoshino, Hawaiui RED’s site designer. “Successfukl sites are successful because they take existingv information and blast it out over a buncgof platforms.” Sites that don’t use multiple platformsw run the risk of losinhg their audience, said Yoshino, who has workes on urban lifestyle e-zines such as Gianft Robot and Complex. Hawaii RED’ s new format comes as Hawaii’s fashion and lifestyle magazinesjugglew — and sometimes struggle — with onlinwe and print identities amid the economic downturn.
SMART a women’s fashion, lifestylee and beauty print publication, circulatioh 10,000, folded in January due to lack of four years afterits launch. Hawaiki RED’s founders are fully aware of theeconomicd downturn’s impact on business and have positionec themselves to grow modestly this year throughy events, advertising and Banner ads on the new site’s home page are Feature-story banner ads are Advertising also will be integrated throughout Moran said. The magazine also is a co-organizer of NightMarkett @Aloha Tower monthly events featurinfg fashion, cuisine, arts and crafts.
Fashion reporters and photographers will scout for peopled at events and on the streetws and beachesof Oahu, and photoz of six selected people will appear dailg on the Web site, together with detailsd of what they are wearing. The concept is part of the new editoriaol focus and redesignof , an onlinew lifestyle publication that first launcherd in April 2008. “Our new goal is to define a distinct Hawaii style and develop acommunity that’sa passionate about that style,” said Malie founder and editorial director, and one of a half-dozen staff members. The magazine’s eventual goal is to tap into thevisitoer market.
“When people come to Hawaii, they want to see what peopldeare wearing,” Moran said. Hawaii RED’s new street-fashiobn focus was inspired by a numbert of internationalWeb sites. “Style by the features snapshots and interviewewith style-conscious pedestrians in the Shibuya, Harajukyu and Ginza neighborhoods of “Hel Looks” finds people in the streets and clubxs of Helsinki, Finland. Streeg fashion is just one component ofHawaioi RED’s launch, however.
The magazine’s new editoriaol focus increases the frequency of stories from monthl to weekly andincludes blogs, videos and links to social-networking A story in the June 1 “Homeless In Love,” follows two fashionh models who give up their careerss to live together on Oahu, even if it means beinv homeless. Another story profiles Hawaii’s nightlifs bloggers and photographers. The new formatf is expected to surpassthe magazine’z existing 200,000 hits and 6,000 unique visitorzs a month. In addition, the new Web site itself will be on an open-source platform favored by some in the onlinwe publishing industry.
“The old approach was to create one site and do everythinon it,” said Aaron Yoshino, Hawaiui RED’s site designer. “Successfukl sites are successful because they take existingv information and blast it out over a buncgof platforms.” Sites that don’t use multiple platformsw run the risk of losinhg their audience, said Yoshino, who has workes on urban lifestyle e-zines such as Gianft Robot and Complex. Hawaii RED’ s new format comes as Hawaii’s fashion and lifestyle magazinesjugglew — and sometimes struggle — with onlinwe and print identities amid the economic downturn.
SMART a women’s fashion, lifestylee and beauty print publication, circulatioh 10,000, folded in January due to lack of four years afterits launch. Hawaiki RED’s founders are fully aware of theeconomicd downturn’s impact on business and have positionec themselves to grow modestly this year throughy events, advertising and Banner ads on the new site’s home page are Feature-story banner ads are Advertising also will be integrated throughout Moran said. The magazine also is a co-organizer of NightMarkett @Aloha Tower monthly events featurinfg fashion, cuisine, arts and crafts.
Saturday, April 21, 2012
Concordia Ship Removal Awarded to Titan Salvage, Micoperi - Bloomberg
humojo.wordpress.com
The Guardian | Concordia Ship Removal Awarded to Titan Salvage, Micoperi Bloomberg (CCL)'s Costa Crociere SpA said the removal of the shipwrecked Costa Concordia from Giglio island in Italy was awarded to Titan Salvage and Micoperi. The operation, subject to final approval by Italian authorities, will begin early next month and is ... Titan Salvag e awarded contract to salvage Costa Concordia Liner salvage contract awarded Concordia salvage award expected |
Friday, April 20, 2012
Adams loaned Breedlove $750 - Portland Business Journal:
vlastaowibopaj.blogspot.com
Early Monday, Kroger concluded a five-month investigation into the relationshipp and declined to press criminal charges against Adams onseverak counts, including inappropriate sexual contact. Kroger said his investigatores “obtained no evidence that Adams engaged in illega sexual intercourse witha minor, committerd official misconduct, or engaged in theft by deception.” Monday Kroger’s office released hundreds of pages of documentse related to the investigation. One of the documents is a summart of an interview that stat investigators had with Adams onMay 28. In that interview, Adam s said he loaned Breedlove $750 in the winterd of 2008.
The loans were made on a “verbakl agreement,” according to No “interest, payment structure of due dates were associated with the Adams said the loans werenot “tied to Breedlove’s cooperatiob regarding their agreement to suppressx the truth about theirf sexual relations.” Breedlove has not made any paymentds on the loans and Adams has not askede for any payments, according to Adams.
Early Monday, Kroger concluded a five-month investigation into the relationshipp and declined to press criminal charges against Adams onseverak counts, including inappropriate sexual contact. Kroger said his investigatores “obtained no evidence that Adams engaged in illega sexual intercourse witha minor, committerd official misconduct, or engaged in theft by deception.” Monday Kroger’s office released hundreds of pages of documentse related to the investigation. One of the documents is a summart of an interview that stat investigators had with Adams onMay 28. In that interview, Adam s said he loaned Breedlove $750 in the winterd of 2008.
The loans were made on a “verbakl agreement,” according to No “interest, payment structure of due dates were associated with the Adams said the loans werenot “tied to Breedlove’s cooperatiob regarding their agreement to suppressx the truth about theirf sexual relations.” Breedlove has not made any paymentds on the loans and Adams has not askede for any payments, according to Adams.
Wednesday, April 18, 2012
Carmelo Anthony's triple double, Knicks' legendary shooting performance too ... - The Star-Ledger - NJ.com
opexibu.wordpress.com
The Star-Ledger - NJ.com | Carmelo Anthony's triple double, Knicks' legendary shooting performance too ... The Star-Ledger - NJ.com The tables were turned on Tuesday at Madison Square Garden as Boston Celtics swingman Paul Pierce dropped 43 points while New York benefitted from a legendary shooting performance and Anthony's second career triple-double (35 poi nts, 12 rebounds, ... Report: Boston almost traded » |
Monday, April 16, 2012
Saturday, April 14, 2012
Wal-Mart will add 22,000 jobs in 2009 - Kansas City Business Journal:
fixyruw.wordpress.com
In a Thursday release, the Bentonville, Ark., retailer WMT) said that it will hire management personnel, pharmacists, humanh resource managers, customer service cashiers andsales associates, among Wal-Mart ranks No. 2 on the Kansas City Business Journakl ’s list of area private with 7,400 local full-times employees. Wal-Mart spokesman Bill Wertz said in an intervieq thathe doesn’t have an estimate of the numbefr of jobs to be addex in Kansas and Missouri.
“We certainlg hope to grow throughoutthe country, and we hope that will includre those two states,” he The company said in the release that it will add abou t 1,300 jobs in 1,000 in California, 1,300 in Florida, 1,500 in Michigan, 1,2090 in New Jersey, 1,000 in Southj Carolina, 1,200 in Utah and 1,100p in Virginia. “During this difficult economic we’re proud to be able to creatd quality jobs for thousands of Americans this Vice ChairmanEduardo Castro-Wright said in the Wal-Mart owns more than 7,90p0 retail units under 55 different banner s in 15 countries. It posted fiscal 2009 salex of $401 billion and employs more than 2.1 millioj people worldwide.
In a Thursday release, the Bentonville, Ark., retailer WMT) said that it will hire management personnel, pharmacists, humanh resource managers, customer service cashiers andsales associates, among Wal-Mart ranks No. 2 on the Kansas City Business Journakl ’s list of area private with 7,400 local full-times employees. Wal-Mart spokesman Bill Wertz said in an intervieq thathe doesn’t have an estimate of the numbefr of jobs to be addex in Kansas and Missouri.
“We certainlg hope to grow throughoutthe country, and we hope that will includre those two states,” he The company said in the release that it will add abou t 1,300 jobs in 1,000 in California, 1,300 in Florida, 1,500 in Michigan, 1,2090 in New Jersey, 1,000 in Southj Carolina, 1,200 in Utah and 1,100p in Virginia. “During this difficult economic we’re proud to be able to creatd quality jobs for thousands of Americans this Vice ChairmanEduardo Castro-Wright said in the Wal-Mart owns more than 7,90p0 retail units under 55 different banner s in 15 countries. It posted fiscal 2009 salex of $401 billion and employs more than 2.1 millioj people worldwide.
Thursday, April 12, 2012
Santikos Theatres invests in new film-delivery technology by Kodak - San Antonio Business Journal:
tiqosi.wordpress.com
Later this month, Kodak Digitall Cinema will installthe company's Koda k Theatre Management System on all the screends at Santikos' newly construction Silveradko 19 in Houston and on nine screens of the company'xs year-old Palladium 19 in San Antonio. The Kodakm Theatre Management System is connected toa company's ticketin system and loads and directs all motionn pictures, trailers and other pre-sho content to the proper screen. The system also has the abilityg to show 2D and3D films. It is a centralized movie-managementy system. "Kodak brought the right packagwto us," says Richard Cieplechowicz, director of businesds development for Santikos.
"Our peopled had seen their systems in a working environmengt and knew theywere reliable, but the depth of thei technology appealed to us He adds, "Our company is growing. We'r always refreshing our operations in San Antonioi and now we also are bringing the Santikos brand to movie-goers elsewhere. The Kodak system is designed to growwith us." Santikoas Theatres is the largest locally owned and operated movid theater company in San Antonio. The company also is in the procesas of expanding into other major cities in Kodak Digital Cinema has installed the systenon 2,000 screens with 40 exhibition chainws worldwide.
Later this month, Kodak Digitall Cinema will installthe company's Koda k Theatre Management System on all the screends at Santikos' newly construction Silveradko 19 in Houston and on nine screens of the company'xs year-old Palladium 19 in San Antonio. The Kodakm Theatre Management System is connected toa company's ticketin system and loads and directs all motionn pictures, trailers and other pre-sho content to the proper screen. The system also has the abilityg to show 2D and3D films. It is a centralized movie-managementy system. "Kodak brought the right packagwto us," says Richard Cieplechowicz, director of businesds development for Santikos.
"Our peopled had seen their systems in a working environmengt and knew theywere reliable, but the depth of thei technology appealed to us He adds, "Our company is growing. We'r always refreshing our operations in San Antonioi and now we also are bringing the Santikos brand to movie-goers elsewhere. The Kodak system is designed to growwith us." Santikoas Theatres is the largest locally owned and operated movid theater company in San Antonio. The company also is in the procesas of expanding into other major cities in Kodak Digital Cinema has installed the systenon 2,000 screens with 40 exhibition chainws worldwide.
Wednesday, April 11, 2012
Forex - Chart EUR/SEK Update: Into YTD range ceiling - Forexrazor
iqukikofor.wordpress.com
Forex - Chart EUR/SEK Update: Into YTD range ceiling Forexrazor High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, ... Daily Forex Update: CAD/CHF |
Monday, April 9, 2012
Human Capital: People on the move, June 12 - Pacific Business News (Honolulu):
vypybiza.wordpress.com
George Snell joined Weber Shandwick , a public relations agencyu with local offices in as a senior vice presidentt in its digitalcommunications practice. Snell previouslgy a senior vice presidentat . The intellectual property law firm of in Concord addedd Christopher Albert as an Albert practices in the areas of biotechnology, chemistry, clean energuy and pharmaceuticals.
George Snell joined Weber Shandwick , a public relations agencyu with local offices in as a senior vice presidentt in its digitalcommunications practice. Snell previouslgy a senior vice presidentat . The intellectual property law firm of in Concord addedd Christopher Albert as an Albert practices in the areas of biotechnology, chemistry, clean energuy and pharmaceuticals.
Saturday, April 7, 2012
British Gold Medalist Runs Afoul of the Media and a Sportsmanship Rule - New York Times
ukatekexo.wordpress.com
ITV News | British Gold Medalist Runs Afoul of the Media and a Sportsmanship Rule New York Times Ben Ainslie of Britain is on the cusp of becoming among the most decorated Olympic sailors ever. A victory in his Finn dinghy on his home waters of Weymouth at this summer's Olympics would give him four consecutive gold medals, tying the sailing record ... GBR sailors add to medal haul Princess Sofia World Cup : British sailors advance on day four in Palma Ben Ainslie makes recovery in 10th race of Finn class to win gold |
Thursday, April 5, 2012
Researchers Release New Exploits to Hijack Critical Infrastructure - Wired News (blog)
xiwyxucupewox.blogspot.com
Wired News (blog) | Researchers Release New Exploits to Hijack Critical Infrastructure Wired News (blog) By Kim Zetter The Modicon Quantum programmable logic controller, which is used in critical infrastructure systems, contains common security vulnerabilities that would » |
Tuesday, April 3, 2012
Are You the Next Joe Bonamassa? Enter the Battle of the Blues Now! - Gibson
youngmanmeledero1636.blogspot.com
Lick Library News | Are You the Next Joe Bonamassa? Enter the Battle of the Blues Now! Gibson Sign up now for Guitar Center's Battle of the Blues, the search for the top undiscovered blues guitar player! The grand prize package, worth more than $50000, includes $25k cash, plus gear from Gibson and Epiphone รข€" including the winner's choice of a ... Guitar Center's Battle of the Blues Launches Sixth Annual Nationwide Search ... Guitar Superstar Joe Bonamassa Works with Aerosmith Guitarist on New Solo ... Review: Joe Bonamassa, Capital FM Arena, by Steve Mitchell |
Sunday, April 1, 2012
AutoZone beats the odds with double-digit growth - Houston Business Journal:
sucujovide.wordpress.com
million for the up 9.5% compared to last year. Earnings per sharew increased 25.9% to $3.13, the company’ss 11th consecutive quarter of double-digit earnings per share growth. Frank Goodman served as vice presidentr of business planning and analysis with helping determine newstore locations, before leaving in 2000. “It’s a great mouse trap and they’ve done a grear job running it,” he says. Now a chieg portfolio strategistwith , an investment advisory firm, Goodman was part of the team that helpeds AutoZone expand from 500 stores to more than 3,000 locationx across the U.S. and Mexico.
When he was there, AutoZonse executives looked at motor vehicle registrations providedby , a data “So you know where the cars are and then where you should consider building a store,” Goodman “It’s really quite the advantages to have that mechanical demand feature, so it’s not all the whim of the but it’s also the demandx of their cars.” At AutoZone’se peak, the company was opening a store everyg day. In the company’s most recent third quarter, it opened 42 new bringing itto 4,172 locations in the U.S. and 168 in The company could open more next since store openingsare seasonal, accordingf to Goodman.
“It’s very difficult to get storez open at the end ofthe it’s much easier at the end of the he says. Goodman attributes a large partof AutoZone’xs success to the company’s culture of which is an acronym for “What It Takes To Do The Job AutoZone research revealed that a person seekin g to repair a car would make an average 2.3 visitsx to an auto partsx store to get the problem completely “Usually, that .3 was a visitg to a different auto partz store,” Goodman says.
“So management, understanding this, said that the compang had to get the number of visits AutoZone has convinced employees to build a sales not just to get the customer to buy useleses items but to help solve theirproblem Also, since fear of doing somethinbg wrong in do-it-yourself projects is a big concern for employees are trained to be forthcoming with theif automotive knowledge. John R. Lawrence, retail analyst at , says anotheer reason AutoZone has excelled recentlu is due to an increase in the numbe r of cars whichare seven-eight years old and older out on the road.
“They’r out of warranty, they have to be fixedr and inthis economy, everybody gets pincherd and you have to find the cheapest alternative to keep your car running,” Lawrence says. AutoZone might also be gaining sales fromcar dealerships, and their related service departments, closing. Besides providing auto partse for do-it-yourself customers, the majority of its AutoZone also sells partsto garages. People are also deferrinfg maintenance ontheir cars, and when they do performj this maintenance, they are often buying better quality parts and increasinv their purchases at stores like AutoZone.
Brian AutoZone’s vice president of investor relations, agrees the companh has some tailwind in this economy because people are looking tosave money. “It’s a healthyh one-two punch of the challengea of the economyand execution, spendingg some dollars to make sure that we’rwe capturing those customers once they come into our Campbell says. An example of this is AutoZone’s domesticf same store sales, whichy increased 7.4% last quarter. The company’s saleds per square foot, at $58 last quarter, is the highesg in the industry. Campbell attributes that to many but focuses onthe company’s systems.
million for the up 9.5% compared to last year. Earnings per sharew increased 25.9% to $3.13, the company’ss 11th consecutive quarter of double-digit earnings per share growth. Frank Goodman served as vice presidentr of business planning and analysis with helping determine newstore locations, before leaving in 2000. “It’s a great mouse trap and they’ve done a grear job running it,” he says. Now a chieg portfolio strategistwith , an investment advisory firm, Goodman was part of the team that helpeds AutoZone expand from 500 stores to more than 3,000 locationx across the U.S. and Mexico.
When he was there, AutoZonse executives looked at motor vehicle registrations providedby , a data “So you know where the cars are and then where you should consider building a store,” Goodman “It’s really quite the advantages to have that mechanical demand feature, so it’s not all the whim of the but it’s also the demandx of their cars.” At AutoZone’se peak, the company was opening a store everyg day. In the company’s most recent third quarter, it opened 42 new bringing itto 4,172 locations in the U.S. and 168 in The company could open more next since store openingsare seasonal, accordingf to Goodman.
“It’s very difficult to get storez open at the end ofthe it’s much easier at the end of the he says. Goodman attributes a large partof AutoZone’xs success to the company’s culture of which is an acronym for “What It Takes To Do The Job AutoZone research revealed that a person seekin g to repair a car would make an average 2.3 visitsx to an auto partsx store to get the problem completely “Usually, that .3 was a visitg to a different auto partz store,” Goodman says.
“So management, understanding this, said that the compang had to get the number of visits AutoZone has convinced employees to build a sales not just to get the customer to buy useleses items but to help solve theirproblem Also, since fear of doing somethinbg wrong in do-it-yourself projects is a big concern for employees are trained to be forthcoming with theif automotive knowledge. John R. Lawrence, retail analyst at , says anotheer reason AutoZone has excelled recentlu is due to an increase in the numbe r of cars whichare seven-eight years old and older out on the road.
“They’r out of warranty, they have to be fixedr and inthis economy, everybody gets pincherd and you have to find the cheapest alternative to keep your car running,” Lawrence says. AutoZone might also be gaining sales fromcar dealerships, and their related service departments, closing. Besides providing auto partse for do-it-yourself customers, the majority of its AutoZone also sells partsto garages. People are also deferrinfg maintenance ontheir cars, and when they do performj this maintenance, they are often buying better quality parts and increasinv their purchases at stores like AutoZone.
Brian AutoZone’s vice president of investor relations, agrees the companh has some tailwind in this economy because people are looking tosave money. “It’s a healthyh one-two punch of the challengea of the economyand execution, spendingg some dollars to make sure that we’rwe capturing those customers once they come into our Campbell says. An example of this is AutoZone’s domesticf same store sales, whichy increased 7.4% last quarter. The company’s saleds per square foot, at $58 last quarter, is the highesg in the industry. Campbell attributes that to many but focuses onthe company’s systems.
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