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 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.

No agreement in Premier, UnitedHealthcare negotiations

Published: Friday, April 28, 2017 @ 7:03 PM
Updated: Friday, April 28, 2017 @ 7:03 PM

Premier Health and UnitedHealthcare have not reached an agreement in negotiations that would have preserved health plans for thousands of residents in the region, Premier officials said.

Dayton-based Premier Health, the largest health system in Southwest Ohio, and UHC, the nation’s largest health insurer, did agree Friday to extend Medicare Advantage coverage until the end of this year for UHC members who use Premier hospitals and providers.

RELATED: Contract talks threaten 70K UnitedHealthcare members in Dayton area

However, the two sides remain at odds over a key issue for a portion of their contract that expires at midnight Saturday. Not reaching an agreement will displace tens of thousands of local residents with individual and employer-sponsored health plans.

Those policy holders will no longer have access to Premier hospitals as part of the insurance company’s network.

Premier physicians will be considered out-of-network on May 14 for employer-sponsored, individual and Medicaid plan members, according to UHC. And Premier hospitals and physicians will be out-of-network for Medicaid plans starting May 14.

In a statement, Premier Health said, “We are deeply disappointed that UnitedHealthcare has rejected our proposal to extend our contract until the end of the year. Our offer was put forth in good faith, and an agreement would have provided patients and area employers the opportunity to make choices about where and from whom to access care, during the normal open enrollment period for 2018.”

All toll, about 70,000 residents will be impacted in the area, according to UHC, which said Premier’s decision not to participate in the insurer’s plan design, which ranks hospitals and providers in tiers based on cost and quality, was the sticking point in the ongoing negotiations.

“We are committed to continuing discussions with Premier and working on an acceptable solution that ensures local employers can design competitive benefits that reward their workers for choosing quality, cost efficient care providers and restores network access to its hospitals,” said UnitedHealthcare in a statement.

Premier objects to the “tiering” system because, company officials said, it would intentionally steer patients away from Premier providers.

To combat retail apocalypse, local malls push for shopping innovation

Published: Sunday, April 30, 2017 @ 12:00 AM


            The Limited at The Greene Town Center in Beavercreek closed in December. KARA DRISCOLL/STAFF
            KARA DRISCOLL/STAFF

As retailers nationwide struggle to keep brick-and-mortar stores open, local malls are trying new tactics to reel in Dayton shoppers.

Despite the hovering “retail apocalypse,” local developments like The Mall at Fairfield Commons, Dayton Mall and The Greene Town Center in Beavercreek are reinventing their missions by adding unconventional tenants and offering free and frequent events for the community.

Major national retailers, many of them that typically anchor malls and shopping complexes, are in crisis as online shopping disrupts the industry. A new research report from brokerage firm Credit Suisse estimated that more than 8,600 stores will close this year, up from the 2,065 that closed last year and the 5,077 store closures in 2015.

» RETAIL APOCALYPSE: More than 8,600 stores could close in 2017

The impact of the closures is far-ranging, impacting the job market and retail destinations in Dayton, Springfield and Northern Cincinnati. Around 100 stores have closed or will close in Ohio this year.

“When you’re talking about sales that go to online-only retailers that don’t have a presence here, that’s a shift in consumer demand,” said Gordon Gough, president and CEO of the Ohio Council for Retail Merchants. “Will it have an impact on the local economies? Sure.”

In the last month, retail sales grew just 0.3 percent compared to February and 2.8 percent compared to the same time in 2016, according to the National Retail Federation. However, online sales jumped more than 11 percent compared to the same time last year.

“Various factors were at play in the first quarter, but we are again seeing a pattern similar to previous years — consumer spending was weak but is expected to pick up as we move through the year,” said Jack Kleinhenz, NRF chief economist.

» WATCH: Amazon’s new shopping concept means never waiting in lines

The stores closing in Ohio — RadioShack, Sears, JC Penney, BCBGMAXAZRIA, Bebe, Rue21 — are often located in malls or shopping complexes. Stores like Ann Taylor and The Limited closed months ago at The Greene, and retail space was left vacant and ready to lease.

At some local malls, several restaurants and retailers have closed, mimicking national trends. Express, a men’s and women’s clothing store, closed at the Dayton Mall in late January. BCBGMAXAZRIA, a women’s clothing store, will close a store at the Premium Outlet Malls in Monroe and has already closed another in Jeffersonville.

Kristie Miller, general manager of the Mall at Fairfield Commons, told this news organization that successful shopping complexes have to adapt quickly in a “rapid retail environment.”

» RETAIL: Restaurant, store to open at Beavercreek mall

“With our leasing efforts, we try to introduce new and exciting tenants as well as keep the ones that reinvest in our center,” she said. “It’s also just about reminding our community that brands come and go. I think when we have a store closing, to the public it seems like, ‘Oh, gosh. They’re closing. They’re going out of business.’”

Miller said when tenants leave, it just creates an opportunity to bring in a fresh concept. Back in February, Phantom Pizza closed its space in the food court. However, the mall announced it would add a new restaurant, Gyro King, to the mix.

That restaurant and Hannoush Jewelers add to the list of several other retailers moving in. Francesca’s, Vanity and Knot Too Shabby have all opened in recent months, and Fusian and Melt Bar & Grilled will also have a presence at the mall.

Columbus-based Washington Prime Group, which owns and operates the Dayton Mall and the Mall at Fairfield Commons, reported that in the first quarter net income grew 7 percent to more than $14 million, from more than $13 million during the same time last year.

» RETAIL: Greene a major player for shopping, entertainment

However, revenue dropped 4 percent to $202 million during the three months that ended on March 31. That was down from the $210 million revenue reported a year earlier at the same time. The company said it will use “hard work and common sense” to address the harsh and changing retail environment.

“The idea of ‘winner take all’ is just plain silly,” said Lou Conforti, CEO of Washington Prime Group. “There exists a symbiotic relationship between physical space and e-commerce which affords us an opportunity upon which we will continue to capitalize.”

One solution for waning sales is making retail a “destination experience.”

For The Greene Towne Center in Beavercreek, it’s about appealing to every customer through a variety of retailers and free events. The center’s calendar is packed with races, charity events, live music, holiday festivities, fireworks and store sales.

» RELATED: New home decor store opens at The Greene in Beavercreek

Most recently, the center has added new retailers like Griffin & Co., Blinded by Aerolux and will soon add Jaeluxe Shoetique and restaurant Deg’s Chicken. Kelli Kooken, marketing director for the center, told this news organization in a previous interview that The Greene’s brand revolved around uniqueness.

“Even when it looked like The Greene might’ve been stagnant, we always had something in the works,” she said. “Some new business was coming or someone was in the works of signing a lease.”

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Houston bakery creates treats inspired by the Unicorn Frappuccino

Published: Friday, April 28, 2017 @ 5:59 PM



Starbucks

A bakery in Texas is cashing in on the buzz around Starbucks' latest beverage creation, the Unicorn Frappuccino.

El Bolillo Bakery in Houston has created "uniconchas," which are brightly colored, shell-shaped pastries.

>> Read more trending news

The bakery is working on a tres leches unicorn cake, according to KHOU.

How to get a $1 Jimmy John's sub on May 2

Published: Friday, April 28, 2017 @ 4:37 PM

Jimmy John's store sign and logo in Philadelphia, PA
Gilbert Carrasquillo/Getty Images

Jimmy John's is celebrating Customer Appreciation Day on May 2 with $1 sub sandwiches.

Select Jimmy John's locations will be participating in the promotion, which runs from 4 to 8 p.m. Tuesday.

>> Read more trending news

Customers can use a tool on Jimmy John's website to find a participating location.

The promotion applies to in-store orders only, not deliveries.