Sunday, October 31, 2010
Big Bob
Sales had moved from up to flat to and founder David Elyachar was beginning to doubt hisbusinessa savvy. “We had never been facedd with anything likethis before,” said who started the company 25 years ago. “All I knew was if I didn’tr do something, it wouldn’t So he initiated an arrayg of changes at his three stores everything from uniformsand thank-you notexs to new products and higher expectationws for salespeople — and touted them to franchisees of the 55 Big Bob’ stores nationwide. At the stores Elyachar and his CEO andCFO Adam, own in Overland Park, Independencw and St.
Joseph, the measures have triggered 24percentg year-to-year growth so far in 2009. Elyachar isn’rt sure which changes triggeredthe results, so he’s goint to keep hammering away at all of Many franchisees have yet to implement the strategies Big Bob’s stores nationwide have seen salesx decline 4 percent year to year. “It’s been very, very said Steve Russell, COO of , whicjh owns five Cincinnati-area Big Bob’s stores and has just begun tomake “Back a few years ago, you couldd just roll out of bed and grow sales 20 perceng a year.” He said business is down about 20 percent, thoug still operating in the black.
Accordingv to trade publication Floor CoveringWeeklty , industrywide sales fell an estimate d 30 percent in 2008 from the $21.67 billion benchmarm in 2007. Sales this year are expected to slip to 40 percentr below2007 levels. But Elyachar said his ideas coulf yieldsuccess companywide. Chainwids revenue in 2008 was $65 million, Elyacha r said. He projects revenue of $75 million to $80 million in 2009. In the next 10 years, he aims to triplse in volume and storefronts. “I believe this is the singl greatest opportunity to make money in the last 80 Elyachar said.
Big Bob’s local work force has experience d a dramatic shift in Last year, Elyachar dropped the bottomj six sales performers and replaced them with about 10 new he said. Pay switched to a commission-baseds formula, and work dress becames a uniform of aBig Bob’s polo and khakis. Servicre reps must join a community organizatiob and are challenged to hand out three business cardsx a day to Elyachar began having weekly sales meetingd to educate the sales force about products and keep tabs on Salespeople use wait time created by sloweer traffic to do weekly online lessonds and tests and to findnew clients. But the changese also bring challenges.
Some of KW Flooring’s longtimse salespeople resisted the idea of handingt out business cardsevery day. Russelll tried to keep his staff, but “we had to either changre or die,” he said. In early 2008, he turned over aboutt 10 percent of the staff and will turn over probably 20 percenrtthis year. A big competitor recently left theCincinnati market, he said, so displacefd salespeople have been calling seeking “There are people I’m tired of chasing aroundf with a whip and a he said.
Saturday, October 30, 2010
Arte France names president - C21Media
Arte France names president C21Media Arte France's supervisory board has appointed Véronique Cayla, president of French funding body Centre National du Cinéma et de l'Image Animée (CNC), ... |
Thursday, October 28, 2010
'Botox Bandit' gets 5 years for burglaries - UPI.com
MyFox Los Angeles | 'Botox Bandit' gets 5 years for burglaries UPI.com Melissa Chesney, 46, who used fraudulent checks to pay for more than $3000 worth of Botox treatments, pleaded guilty to 21 felony counts, including nine ... Woman Dubbed `Botox Bandit' Sentenced to 5 Years In Prison 'Botox Bandit' sentenced to five years in prison for fraud "Botox Bandit" Gets 5 Years for Burglary, Fraud |
Wednesday, October 27, 2010
Sir Alex Ferguson: Wayne Rooney realises he's made a mistake & now understands ... - Goal.com
BBC Sport (blog) | Sir Alex Ferguson: Wayne Rooney realises he's made a mistake & now understands ... Goal.com He realises he's made a mistake, and that happens, particularly with young people," he added. When news of Rooney's unrest at United surfaced on Tuesday, ... Ferguson believes Rooney deserves credit Gill hails Rooney 'achievement' Rooney has done United a favour |
Tuesday, October 26, 2010
GM Tonawanda hosting recycling event - Dayton Business Journal:
The one-day event June 6 from 9 a.m. to 1 p.m. at Plant 5 on Vulcan Street, is co-sponsored by Erie Buffalo and the Northwest Solidr WasteManagement Board. Last year’s event received 56,325 pounds of electronic 247 bicycles and a trucm fullof clothing. Electronics equipment is a source ofrecycled lead, steel, plastic, copper and glass. Items bein accepted this year include: TVs, monitors, keyboards, printers, fluorescent bulbs, cell rechargeable batteries, VCRs, and DVD players, clothing, and bicycles. Clothing and textiles will be reused at Goodwilol retail locationsor recycled.
Bicycles will be used for bike safety education or recycled by Blue Bicycleand Recycle-a-Bicyclew programs. New for this year, Buffalol ReUse will accept used or new shop andgarden tools, such as brooms, ladders, wheelbarrows, hammers and “This is a natural extensioh of what we do at Plant Manager Steve Finch said in a statement. “Our plant has been landfill-free in manufacturing since 2006. We recycler or reuse all of our waste, so this event to help the communituy recycle is a natural fit for us atGeneralk Motors,” he said.
Sunday, October 24, 2010
Marlins stadium deal clears another hurdle - Portland Business Journal:
Commissioners voted 7-3 in favord of raising ’s status as a creditor in the financinyg package. Sally Heyman, Katy Sorenson and Carlo s Gimenez voted againstthe Wachovia, which is providing up to a $100 millio letter of credit, requested that it be paid firstf from the county’s list of creditors. The county, whichn plans to sell $454.6 million in bonds, must now pricre them. The sale is expected to close within the nexttwo weeks. The county has taken on the bulk ofthe project’d financing, with the city and Marlins pickiny up significantly smaller portions of the tab. Two weekes ago, commissioners voted for the firsgt time to lift Wachovia to the top of thecreditofr list.
They also agreed to set the termination date for all partie s in the stadium deal to July 15 and to convehy parcels to the city that it needs for its portiobn ofthe project, which includes building parking facilities. Tuesday’s vote followz two other big developments. On , city commissioners voted to approv changes to the Marlins package to clear the way forthe county’sw changes. A circuit court judgde also ruled in favor of the county in one count of a civil lawsuit that could have prevented the countyg from selling the necessary bondas to buildthe project.
That case is on appeal in as is a lawsuit filed by auto dealer Norman who lost his legal bid to declar ethe stadium’s funding plan unconstitutional. In , countyt commissioners approved issuing bonds totaling a maximunmof $536 million toward construction of the $640 37,000-seat ballpark.
Saturday, October 23, 2010
Executive People - Dallas Business Journal:
DESCRIBE YOUR FAMILY. I think of my familty as a contemporary piece of art because we have a lot of differenyt parts to it with a lot of different My wife, Cindy, is an entrepreneur, and she has her own businesa called The Enchanted Galleries. My middlw son, Jay, works with her at the gallery. My oldesgt son, Chris, is a CPA, but he’z currently a CFO at a steel company. And then the youngesf son, Ryan, is in the real estatew business. HOW DID YOU GET INTO THIS INDUSTRY? I had an olded brother who had gone into banking andliked it, and I likedf the idea that you have the opportunit to be involved in a lot of different kindsw of businesses in a bank.
WHAT WAS IT LIKE GETTINf COMERICA STARTEDIN TEXAS? Because of the first acquisitiobn that we made, which was Grand it was a great experience. The folks were very warm and We were fortunate to have a reallg good group of people who had the same idea thatwe had, and that was that we wantee to grow Comerica in Texas. In the late ’80 s and early ’90s, there was quit e a banking consolidation herein Texas, and so we workede very hard those first few years to take advantager of those opportunities to grow our company.
The first bank we did, Grandc Bancshares, we negotiated to buy, but the next 15 bankes were failed banks that we had boughg fromthe , and then we went back to negotiated transaction s after that. We’re a consolidationh of 21 banksin Texas. HOW HAS THE COMPANYh GROWN IN TEXASSINCE THEN? We have gone from aboutr eight banking centers when we first started to almosf 88 by the end of this We had less than 200 people, and now we have abouft 1,200 people. We had less than $280 million worth of and now we haveabout $8 billion. WHAT WAS IT LIKE FOR YOU WHEN THE HEADQUARTERSdMOVED HERE? Actually, that gave us additional resourcews to be even more successful.
We obviousl y got a lot of additional notoriety aroundf town in terms of having a large bank based inDallas again. Texans want to support Having the headquarters here just solidifiesathat we’re truly Texan. WHAT IS IT LIKE NOW TO HAVE COMERICA CEO RALPH BABBNEXT DOOR? We’ve reallyy been able to identify certain ideasx that he gets involved in and certain areaa that I stay involved in and been able to spliyt our time and not be redundant. This allows us to really get an even broaderr spread and broader recognition through a much broader part of the community than we migh thave otherwise. HAS YOUR ROLE CHANGEc SINCE THE HEADQUARTERSMOVEr HERE?
It might have changed a little bit because I’vde done everything I can to get everyone that’a new to Texas introduced into the community through different gatherings and introductionss and meetings with people in WHY THE INTEREST IN THE ARTS? I think that we all have a responsibilit to give back to the community and help make it a bettet place, and if we can contributde that way through our time and efforts and leadership, then we should take advantage of HOW HAVE YOU BEEN ABLE TO KEEP MANY OF THE SAME EMPLOYEExS FOR SO LONG?
First of all, we make sure they have challenging work, that they have the opportunitt to grow, and then there’s corporate kinds of things like a good benefir program. Also, we want it to be inclusive. We want them to be but we also look to have a diversd groupof people, and we believe that we’rd going to get better solutions and betted execution if we have a group of colleaguea that reflect the communities that we serve. WHAT KEEPS YOU AWAKEs AT NIGHT? Now there’s always new challenges each and every day that you try to butthey don’t keep me up.