breaking news


Menards store to open next week near Dayton Mall

Published: Tuesday, September 11, 2012 @ 10:16 AM
Updated: Tuesday, September 11, 2012 @ 9:55 PM


            The new Menards store just south of the Dayton Mall along Ohio 741 will bring a new level of competition to the already hotly contested home improvement market in the Dayton area. The new Menards is the second in the Dayton area to compete with the likes of Home Depot and Lowe's, who have been butting heads here in Dayton for well over 10 years.
The new Menards store just south of the Dayton Mall along Ohio 741 will bring a new level of competition to the already hotly contested home improvement market in the Dayton area. The new Menards is the second in the Dayton area to compete with the likes of Home Depot and Lowe's, who have been butting heads here in Dayton for well over 10 years.

The big home-improvement chains

Home Depot

Founded: 1978

Headquarters: Atlanta

Total stores: 2,250

Local stores: 3

Revenue: $71.7 billion

Publicly traded

Lowe’s

Founded: 1946

Headquarters: Mooresville, N.C.

Total stores: 1,748

Local stores: 3

Revenue: $50.8 Billion

Publicly traded

Menards

Founded: 1960

Headquarters: Eau Claire, Wis.

Total stores: 272

Local stores: 2

Revenue: $7 billion (estimated)

Family-owned

Source: Dayton Daily News research

MIAMI TWP., Montgomery County —The 225,000-square-foot Menards “Mega Store” that opens next week near the Dayton Mall will intensify the already heated competition for consumer dollars among the major home-improvement retailers in the the Dayton area, an industry analyst said.

Menards officials announced Tuesday the new store at 8480 Springboro Pike at the southeast corner of State Route 741 will open Tuesday, Sept. 18.

The store will have a full-service lumber yard and large lawn-and-garden center, officials said. Customers will be able to use computers to help design their home-improvement projects. The store will also carry name-brand appliances, pet products and a line of convenience groceries.

“Homeowners, tenants, business owners and contractors will now have great access to a full line of building materials and supplies at the lowest prices in the area,” Menards spokesman Jeff Abbott said.

Eben Jose, home-improvement industry analyst for Los Angeles-based IBISWorld, Inc., an independent industry research company, said his firm has projected home improvement sales to grow at an annual rate of 3.3 percent over the next five years, to $187 billion in 2017, following a recession-impacted five-year period ending in 2012 in which sales were projected to drop by 2.8 percent per year. The more optimistic outlook is based on falling unemployment and on signs of renewal in the housing market, particularly in new construction, Jose said.

Menards’ decision to build larger “mega-stores” are part of the company’s strategy to compete aggressively against Home Depot and Lowe’s, Jose said.

Home Depot has captured about 41 percent of the national market, while Lowe’s has a nearly 33 percent market share, Jose said. Menards, with only a fraction of the stores of the two industry leaders, has captured nearly 5 percent of the national market while competing in only 14 states, mostly in the Midwest. In southwest and west-central Ohio, Menards operates stores in Tipp City in Miami County and in Fairfield Twp. in Butler County, as well as in Sidney, Celina and Lima.

The size of the average Menards has grown in recent years from 74,000 square feet to 162,000 square feet, Jose said. With a more varied selection and larger inventory in its larger stores, Menards can source products and raw materials at lower prices, boosting its ability to compete more effectively against the industry leaders, the industry analyst said.

Bill Hamilton, general manager of the Miami Twp. Menards, said Tuesday that his store will stock about 60,000 items, “everything from light bulbs to a complete house package” that include all of the materials needed to build a home from the ground up.

Despite multiple requests for employment numbers, neither Hamilton nor Menards spokesman John Leonauskas could provide provide an estimate or a range of the number of people the Miami Twp. store will employ. A typical Menards store, Leonauskas said, “will employ hundreds.” Leonauskas said he had no information as to whether Menards is considering any other store locations in the Dayton area.

The Miami Twp. Menards store will open at 6:30 a.m. Sept. 18. The hours going forward will be Monday through Saturday 5 a.m. to 10 p.m., and Sunday 8 a.m. to 8 p.m.

INSIDE LOOK: $1.7M home with indoor pool for sale in Washington Twp.

Published: Friday, August 18, 2017 @ 9:53 AM

1658 W. Alex Bell Road
1658 W. Alex Bell Road

An Italian-inspired home on West Alex Bell Road is for sale for $1.7 million in Washington Twp.

The home, located at 1658 West Alex Bell Road, sites on more than seven acres of land — overlooking thickly wooded areas and Hole’s Creek. The architecture of the home features multiple arches, wide limestone columns, walls of windows and glass doors.

» INSIDE LOOK: Nearly $1M home for sale near Piqua

The home offers 6,130 square feet of space with an indoor swimming pool, tennis court and a guest home with a private driveway. There are also 50 sconces around the home, including custom-made ones in the foyer. The kitchen also has a six-burner gas cooktop with double ovens under a counter and a custom-built wine rack. The side buffet counter offers a wet bar and upper display cabinets.

Arched windows and tall columns embellish the screened porches and verandas at the back of the home, which overlooks Hole’s Creek and a naturally wooded hillside.

Under a beamed ceiling, granite covers the kitchen counters, including the island. There is an arched pass-through to the formal dining room.

This Washington Twp. gated estate exudes elegance in architectural and interior styling. The single-level home blends with the wooded areas of its surrounding 7.56-acre setting. CONTRIBUTED PHOTOS BY KATHY TYLER

Completed in 1998, the home offers about 6,130 square feet of living space all on one level. It includes an indoor swimming pool, a tennis court and an unrivaled view of the creek with the sounds of water flowing over its flat rocks.
Multiple arches, wide limestone columns, spacious rooms, walls of windows and glass doors are only a few of the distinctive interior design amenities.

Price: $1,695,000

Directions: West on Alex Bell Road, left before Chartwell Drive

Highlights:About 6,130 sq. ft., 3-plus bedrooms, 3 full baths, gated estate, 7.6 acres, indoor pool, Italianate architecture, 1998 ranch, study, addition in 2003, multi-purpose room, 7 fireplaces, patio, screened porches, veranda, custom-designed lighting, attached 3-car garage, updated ranch guest house with 4-car garage

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Ohio’s jobless rate grows

Published: Friday, August 18, 2017 @ 8:50 AM

A worker at the Columbiana Boiler Company in Columbiana, Ohio, July 20. Dustin Franz/The New York Times
A worker at the Columbiana Boiler Company in Columbiana, Ohio, July 20. Dustin Franz/The New York Times

Ohio’s unemployment rate edged up last month to 5.2 percent, up from 5 percent in June, as the number of unemployed people outpaced the number of people who won new jobs.

In its monthly report released Friday, the state said its non-agricultural wage and salary employment rose 1,600 over the month, from a revised 5,536,500 in June to 5,538,100 in July.

But the number of workers unemployed in Ohio also went up in July, rising 9,000 from 291,000 in June.

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The number of unemployed has increased by 19,000 in the past year from 281,000. In the same period, non-agricultural wage and salary employment grew by 47,500.

In July 2016, the jobless rate was 4.9 percent.

The U.S. unemployment rate for July was 4.3 percent, down from 4.4 percent in June and down from 4.9 percent in July 2016.

Cleveland economist George Zeller called the report “disappointing.” He said the state's employment growth rate still appears to be an ongoing recovery from the 2007-2008 recession, but the speed of the recovery is too slow to provide sufficient jobs for all those who have lost jobs since the year 2000.

“July 2017 was the 56th consecutive month when Ohio's job growth has been below the USA national average,” Zeller said in an email. “This highly alarming streak has now reached a highly alarming duration of 4 years and 8 additional months.”

 Sectors hit last month included construction — a loss of 1,700 jobs — and manufacturing, which saw a loss of 1,100 jobs.

What’s going on at The Greene? Pop-up shop program to bring in new retailers 

Published: Friday, August 18, 2017 @ 8:14 AM

The Greene Town Center seen from the air

A new puzzle shop has opened at The Greene Town Center in Beavercreek, and plenty of other unique stores could open soon at the retail development through a new pop-up shop program.

Puzzle Plus, a family-owned puzzle store, sells jigsaws, brain teasers, puzzle books and games. The store carries games and puzzles for all ages and skill levels. The puzzle store opened in 1995 in Beavercreek, but just moved to a new location at The Greene at 4465 Glengarry Drive. That’s next to Tilly’s and across from the Beech Parking Garage.

“Puzzles Plus is a family-owned retail store selling jigsaw puzzles, games, brain teasers, puzzle books, all-age toys, and children’s toys. We have the best selection of jigsaw puzzles in the Miami Valley and a unique variety of games and toys,” according to its website.

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Steve Willsaw, general manager of The Greene Town Center, said Puzzles Plus got their start through a new program the center is trying out. The Greene is introducing pop-up shops, where the town center is allowing small business to test their product sales on the weekends.

It worked for Puzzles Plus, and the business signed a longer lease.

“The gist of the program is that someone will be able to utilize a finished out space that is already fully fixtured for a week at a time. I think that the thing that is really appealing about this is that the businesses will only be required to pay us a small fee for each day they are actually open for business not all the days of occupancy. This has been very appealing so far. There are no other fees involved to operate in the space,” Willshaw told this news organization in an email.

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The pop-up shops will be housed in a space at 4420 Glengarry Road across from Sephora. The Greene is cleaning the space and planning for an early mid-September occupancy for the business. While the space won’t have any food or beverage tenants, The Greene is also working on a restaurant incubator program.

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Workplace incivility, aggression impacts more than half of US workers

Published: Friday, August 18, 2017 @ 8:33 AM


            FILE
FILE

What’s causing so much unhappiness at work for more than half of American workers? Incivility in the workplace, according to a new study.

Nearly 55 percent of workers say they’ve faced “unpleasant or potentially hazardous” conditions at work, according to a new study by the Rand Corp., Harvard Medical School and the University of California, Los Angeles. The study of more than 3,000 workers in the U.S. found that many workers feel they’ve faced sexual harassment, bullying and hostile environments in the workforce.

“I was surprised how taxing the workplace appears to be, both for less-educated and for more-educated workers,” said lead author Nicole Maestas, an associate professor at Harvard Medical School and an adjunct economist at RAND. “Work is taxing at the office and it’s taxing when it spills out of the workplace into people’s family lives.”

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