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.

Drone strikes could cause more damage to planes than birds, study says

Published: Sunday, December 10, 2017 @ 12:28 PM


            The campus of the University of Dayton Research Institute, where part of the research on drone strikes was conducted in a recent Federal Aviation Administration study. CONTRIBUTED
The campus of the University of Dayton Research Institute, where part of the research on drone strikes was conducted in a recent Federal Aviation Administration study. CONTRIBUTED

A Federal Aviation Administration study found small drones could potentially cause more damage to an aircraft than a bird strike, researchers say.

The FAA’s Alliance for System Safety of UAS through Research Excellence – also known as ASSURE— worked with researchers across the country on the study.

The research found heavier, stiffer components, such as a drone motor, battery or a camera, could cause more structural damage to an aircraft than birds of the same weight and size, said Kiran D’Souza, an Ohio State University assistant professor of mechanical and aerospace engineering.

Researchers investigated what would happen if a drone hit the body of an aircraft or was ingested into an aircraft engine, D’Souza said in an interview with this news outlet.

The experiments were a mixture of computer simulations and lab tests, he said. For example, at the University of Dayton Research Institute, parts of drones were fired into aluminum panels to simulate an aircraft, he said.

RELATED: Hypersonic research could lead to future spy drone

The study showed the need to develop sense and avoidance technology to avoid mid-air collisions, D’Souza said.

OSU and ASSURE members Mississippi State University, Montana State University and Wichita State University were the primary researchers on the study.

While the effect of bird strikes on airplanes is well documented, little is known about the effects of small unmanned drones with stronger materials hitting aircraft, according to Marty Rodgers, ASSURE director and a Mississippi State researcher.

“The results of this work are critical to the safety of commercial air travel here in the United States and around the world,” he said in a statement.

Researchers evaluated the potential impact of drones weighing 2.7 pounds to 8 pounds on a single-aisle commercial jet and on a business jet, according to OSU.

“Even small unmanned aircraft systems can do significant damage to engines,” D’Souza said in a statement.

In future tests, researchers will focus on collisions with private planes, helicopters and commercial turbofan engines, ASSURE said.

RELATED: Air Force continues to address shortage of aircraft maintainers

Studies were expected to continue through 2021.

While the research studied the potential for damage to an aircraft, it did not estimate the probability of a collision between an unmanned drone and a plane, D’Souza said.

The FAA has reported a rising number of pilot sightings of small drones as the popularity of the small unmanned vehicles has soared.

Drone users are required to operate by altitude and space restrictions.

Sale of Premier Health’s insurance line falls apart

Published: Saturday, December 09, 2017 @ 2:52 PM

FILE
Staff Writer
FILE(Staff Writer)

Premier Health’s plan to sell its health insurance business has been dropped.

The Dayton-based hospital and doctor network had been planning to sell the insurance line that it launched about two years ago to Evolent Health, a Virginia-based health care consultant business.

On Friday, Evolent Health said in a statement that the “two parties were unable to reach terms on the related party agreements” and its plan to buy the insurance business was terminated.

Premier said in a statement that it and Evolent were “required by law to announce their intent to enter into an acquisition agreement early on in the process. Sometimes these acquisitions come to fruition during that process, and sometimes they don’t. We look forward to working with Evolent on our value-based health strategy.”

The insurance division, Premier Health Plan, sold Medicare Advantage plans and commercial insurance plans.

It was launched during a difficult time for start-up health insurance businesses and sustained more than $40 million in losses in two years, according to an independent analyst.

RELATED: High Medicaid, Medicare use in Dayton increases health care costs

Evolent has partnered with Premier on the health insurance plan since its launch and stated it will continue to provide services and support for the employee self-insured, Medicare Advantage and commercial large group health plans that Premier will continue to own and operate.

“Premier and Evolent look forward to continuing to collaborate on value-based services covered by their present agreement as Premier continues to explore strategic options for its health plan business,” the press release stated.

Click here to read more on Premier’s original plan to sell its insurance business to Evolent.

Amazon Prime: What holiday shoppers need to know

Published: Friday, December 08, 2017 @ 11:09 AM

5 Things You Didn’t Know About Amazon

While Amazon is not doing drone deliveries as part of the package just yet, Amazon Prime is an alluring online service for shoppers. It's tough to compare it to other companies, because who else offers a single package that includes free shipping, videos, music, Kindle reading and photo storage?

Still, the multitude of features and perks doesn't mean the yearly outlay will pay off for every shopper. Here's a quick-hit list of the benefits of investing in a Prime account, along with areas to consider carefully if you’re thinking of joining Prime.

Cost: For $99 a year, consumers receive free two-day shipping for eligible purchases, unlimited streaming of movies and TV shows with Prime Video and book-borrowing privileges from the Kindle Owners' Lending Library for $99 a year. Those who only shop heavily a few months a year might want to consider the same benefits for $10.99 a month, which adds about $32 to the annual price if you keep it for 12 months.

>> Read more trending news

 Cost-benefit ratio: If you typically have a total order required for free standard shipping from Amazon, or constantly need (or want) items within two days, the savings in shipping and time-opportunity cost can quickly offset your investment. A free trial membership available through the Amazon website will also give you an idea of how many of the items you need or like that qualify for Prime and how often you might use the service. Just be careful to cancel the membership after the free trial period if you don’t want it, since a credit card is required.
 
More Amazon Prime shipping benefits: To truly maximize the shipping benefits of a Prime membership, you must live in one of the more than 7,000 cities and towns that receive free same-day or one-day shipping on more than a million qualifying items (and orders over $35). To see if you qualify, check out your zip code on the Amazon website.

Tapping those shipping benefits is a matter of looking for the Prime FREE Same-Day or Prime FREE One-Day logo when you're shopping on the site, or using that filter in search. At check-out, make sure to choose the same-day or one-day option.

You also have to order in the morning, typically before noon, to receive items by 9 p.m. that day or order in the afternoon for qualified free one-day shipping to arrive the next day by 9 p.m.

Prime Early Access: Bargain hunters and those who genuinely enjoy online shopping will revel in the Amazon Prime member benefit of a 30-minute early access to Lightning Deals on Amazon.com.
 
Sharing benefits with household members: If you're a happy shopping family, Prime membership costs can be divided. Prime members can allow others adults in their Amazon Household to share Prime benefits at no extra cost by linking their regular Amazon account to the Household service and agreeing to share payments. Shared benefits include shipping, video, vault for photo storage, other digital benefits and exclusive offers.
 
More must-know facts about Amazon Prime benefits and features:

  • Large items sold or fulfilled by Amazon don't qualify for free two-day shipping though large item shipping is still free.
  • If you're expecting the two-day delivery on time, you must carefully note both the order cut-off time on each item's detail page and the proper shipping selection at checkout.
  • Saturdays and Sundays are not considered business days in calculating free two-day shipping for Prime. The shipping methods apply to business days only, not weekends or holidays.
  • Orders that cost more than $1,300 may require a signature for delivery.
 
This Christmas: An Amazon Prime membership makes a great gift for a family or couple just getting started with establishing a household, or who could really use the entertainment options along with the speedy shipping.

To purchase other gifts for guaranteed Christmas delivery from Amazon via Prime, be aware that gift orders on Amazon.com must be completed online by Dec. 18 to be shipped with free standard shipping and by Dec. 22 for the free Prime two-day shipping. The select cities that offer free one-day shipping for Prime orders require orders complete by 9:30 a.m. local time on Dec. 24.
 
Oh, and about those drones. Amazon does have a separate Prime Air delivery service in the works. It would deliver packages up to five pounds in under 30 minutes using small drones. As of Dec. 7, 2017, Amazon said it would start offering Prime Air as an option "when and where we have the regulatory support needed to safely realize our vision. We’re excited about this technology and one day using it to deliver packages to customers around the world."

Far Hills Bob Evans property sold for $2.5M

Published: Friday, December 08, 2017 @ 4:59 PM

CONTRIBUTED
CONTRIBUTED

The sale of area and Ohio Bob Evans restaurant properties continues.

A New Albany outfit has purchased the property housing the Centerville-area Bob Evans restaurant for $2.5 million.

The 4,992-square-foot building and 1.25-acre site at 7115 Far Hills Ave. was sold to Timothy P. and Paula S. Heather, of New Albany, Ohio, according to Montgomery County property records.

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The new owners give the same address as the Bob Evans headquarters in New Albany.

The local franchise food site was built in 1986.

Bob Evans has been restructuring its business and selling its restaurants quickly. Back in May, a trio of Dayton-area Bob Evans restaurants sold for a total of $5.6 million.

At the time, Bob Evans Farms Inc. had divided its business by keeping its food production side and selling off its restaurant chain to private equity group Golden Gate Capital.

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Bob Evans Farms, Inc. said in January it intended to sell off its restaurants to focus on packaged foods.

Golden Gate Capital bought the restaurants for $565 million, and Bob Evans Farms bought Pineland Farms Potato Co. for $115 million.