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Published: Tuesday, August 22, 2017 @ 8:33 AM
— Target is launching three new brands in August and September, including two new clothing lines and a home decor brand.
The Minneapolis-based retailer is looking to bump up sales by introducing new brands that can’t be found on competing online stores. A New Day, a women’s clothing brand, and the new men’s brand Goodfellow & Co. will both arrive in stores on Aug. 27.
» SNEAK PEEK: Target to redesign stores in major ways
Project 62, a modern decor line with “modern” furniture pieces, will arrive Sept. 19.
“Our new brands are all about the changing face of our guests—what they need, what they’re looking for from Target,” said Mark Tritton, Target’s executive vice president and chief merchandising officer in a Q&A. “When we took a close look at our existing assortment with this in mind, we saw a disconnect. We knew we’d need to refresh our offerings—and define new ones—so our guests continue to love what they’re discovering at Target and want to keep coming back, again and again.”
Target will phase out both the Merona and Mossimo clothing lines.
FIVE FAST BUSINESS READS
Published: Thursday, March 22, 2018 @ 7:02 AM
The immensely popular Fixer Upper show hosted by Chip and Joanna Gaines has inspired a vintage, industrial, handmade and repurposed decorating trend.
Owner Marcie Brow of Springboro picked up on this phenomenon and has begun Monarch Market & The Rusted Marquee. The business, located in downtown Springboro, is a division of Another Adventure LLC. She organizes pop-up sales at various locales. The first one was held at the Dayton Mall this past February 17-18.
“The Dayton Mall (location) was a success! We had happy shoppers,” said business partner/creative director Ashley Smith, also of Springboro. “Our goal is to bring together the best… local small business owners to showcase their boutiques and businesses.”
» RELATED: Toys ‘R’ Us to close all U.S. locations
The Spring Migration “Sip, Shop & Stroll” at the Warren County Fairgrounds this weekend will include live music by American Idol finalist Alexis Gomez. There will also be food trucks, and a beer/wine tasting by Hanover Winery.
More than 100 vendors will offer curated items like vintage/antique pieces, boutique fashion/accessories, repurposed/handcrafted, up-cycled and gourmet goods for sale. The first fifty shoppers to arrive on Friday and Saturday will receive a free ‘swag’ bag. Early arrivers will also get pre-sale perks like boutique gifts and coupons.
“Many items are handmade, one-of-a-kind, or even repurposed. These vendors put a lot of time and effort into their products, and the prices often reflect this,” said Smith.
» TRENDING BUSINESS NEWS: Macy’s rolling out new mobile checkout at most store locations
Brow’s entrepreneurship began in 2013 when she opened a small furniture and decor consignment boutique in Texas. Smith owned a children’s consignment shop in Arkansas.
“During my time as a shop owner, I participated in several local shopping markets and home shows where I sold my painted furniture, boutique items and vintage finds of my own,” said Brow. “Though these events were successful, they were nothing like the vision I have for Monarch Market.”
Brow indicated that her best friend Smith has an excellent eye for style, so Brow brought her on board as a creative director. As a military wife she moved often, so when they got orders to move to Ohio, she brainstormed the concept of a business that could move with her.
The concept works well, because many businesses are willing to showcase their goods, and Brow can run her events without any overhead. Future Monarch Market Affairs are scheduled for May 11 in Washington, May 18 at Tipton County Fairgrounds in Indiana, and October 13 in Elkhart, Indiana.
“Showcasing local businesses is a passion of ours; we both come from owning small boutiques in other states,” said Brow. “We know that local business if the heart of a community. We love that Monarch Market can give so many small businesses a chance to touch so many people in one weekend.”
How to Go:
What: Monarch Market
Sip, Shop, Stroll &
Royal Preview Party
Where: Warren County Fairgrounds
665 N. Broadway, Lebanon
When: Preview 5 to 9 p.m. Fri., Mar. 23
Mkt. Day 9 a.m. to 5 p.m. Sat., Mar. 24
Cost: $8 advance, $10 at door Friday
$5/all day Saturday
Free for 12 and under
More Info: 937-660-0072 or www.monarchmarketaffair.com
FIVE FAST BUSINESS READS
Published: Wednesday, March 21, 2018 @ 5:37 PM
A group of West Dayton pastors urged residents not to attend forums Thursday about the closing of Good Samaritan Hospital, saying there’s not been indication that their feedback will be meaningfully considered.
The Rev. Rockney Carter, speaking Wednesday from Zion Baptist Church in Dayton, said it’s deceptive that Premier Health leaders have said they had to shut down Good Samaritan when at the same time the health system is investing in a suburban expansion.
“I think what they’ll continue to do tomorrow (Thursday) is continue to misrepresent the facts, continue to distort to our community and continue to mislead our people,” Carter said.
Dayton-based Premier, which operates four local hospitals, announced in January that it would close down Good Samaritan sometime this year and offer jobs at other locations to the 1,600 main campus employees.
The hospital will be razed into a shovel-ready site and Premier is holding two forums about the future of the site Thursday.
Premier said in a statement that it has had multiple meetings with community leaders to get input and the input from the forums today will be carefully considered. The health system stated it will continue to work with the city and CityWide Development to invest in the neighborhoods.
“Together the partners (Premier Health, City of Dayton, CityWide) have invested nearly $25 million, leveraged $45 million in additional private investment, and plan to continue to invest in these neighborhoods,” the Premier stated.
Carter said the group of pastors are not against having a discussion with Premier and have had conversations, like a public forum held in February, but the economic reasons Premier gave at those meetings were not convincing.
“We don’t believe it’s economic and or financial because at the same time they are closing operations here on the west side of Dayton — a predominately African American section of our community — they are building up medical services that are similar on other sides of town,” Carter said.
The decision to close one of the last anchor institutions on the city’s west side has prompted shock and outrage from residents and city leaders. The push back has included criticism that the closing will disproportionately affect black residents’ access to jobs and health services, who already have higher unemployment rates and worse average health outcomes on key measures like infant mortality.
Good Samaritan forums
• 1 p.m. March 22 at Fairview United Methodist Church.
• 6 p.m. March 22 at Fairview Pre-K-6th School.
Published: Wednesday, March 21, 2018 @ 2:27 PM
The housing market in the Dayton area continued to improve in February, with increases in the median sale price and number of homes sold.
The median price for last month was up over 2 percent year-over-year to $129,900, and the sales volume climbed 11 percent since last year to $135.7 million, according to data from the Dayton Area Board of Realtors, which represents Montgomery, Greene, Warren, Darke, and Preble counties.
The number of existing homes that sold was also up 3 percent compared to February 2017, with 882 sales reported on the multiple listing service.
U.S. home sales also improved in February.
The National Association of Realtors said Wednesday that sales rose 3 percent last month to a seasonally adjusted annual rate of 5.54 million. The median home sales price was $241,700 in February, a 5.9 percent increase over the past year.
But a shortage of properties for sale is creating a challenge for would-be homebuyers. As sales listings have steadily declined, prices have been climbing at the same time as a stronger job market has elevated demand — and, also, competition — for purchasing homes. Higher mortgage rates this year might also cause even fewer people to list their homes for sale, which would make the current supply squeeze worse.
In the Dayton area, February’s average sales price totaled $153,923, up 8 percent since the same time last year.
Year-to-date sales the January-February the median price increased 6 percent to $126,450, and the cumulative sales volume was up by 7.7 percent to $259.3 million.
As demand for homes grew, supply in the Dayton tightened. The number of listings submitted in the month of February decreased over 2 percent to 1,448 entries. For the January-February period, 2,705 listings were entered, down nearly 5 percent from last year’s 2,839 listings.
While the overall home market continues to heat up, there are also disparities.
The Dayton Daily News previously reported the Dayton area is one of 61 metros in the U.S. where minorities are denied mortgage loans at higher rates than their white counterparts — a modern-day system of redlining that keeps minority neighborhoods from recovery.
In 2016, black applicants in the Dayton metro area were 2.1 times as likely to be denied a conventional home mortgage as white applicants, even when controlling for applicants’ income, loan amount and neighborhood, according to data analysis by Reveal, the online platform of The Center for Investigative Reporting.
The Associated Press contributed to this story.
Published: Wednesday, March 21, 2018 @ 1:28 PM
WRIGHT-PATTERSON AIR FORCE BASE — The Public Utilities Commission of Ohio has given the go-ahead to Vectren Energy Delivery for a $13.7 million, 50-year deal to take over natural gas delivery at Wright-Patterson from the Air Force.
The contract is the latest Wright-Patterson move to privatize utilities at the sprawling base that spans more than 8,000 acres.
The ownership transition of the natural gas infrastructure will take nine months, according to base spokesman Daryl Mayer. The utility will assess the condition of the infrastructure during the transition, said company spokeswoman Natalie Hedde. Vectren was one of two bidders.
Indianapolis-based Vectren provides energy delivery to about a million customers in southwest Ohio and two-thirds of Indiana, including one other federal installation, the Naval Surface Warfare Center’s Crane Division.
In recent months, Wright-Patterson reached a $490 million, 50-year contract with New Jersey-based American Water Operations and Maintenance, Inc., to privatize water services.
Several years ago, Dayton Power & Light Co. entered into a 50-year deal to take over electrical infrastructure at the base. The utility provides electricity under a separate contract. Constellation Energy provides natural gas, according to Mayer.