Billionaire submits bid to save Toys ‘R’ Us

Published: Monday, April 16, 2018 @ 9:14 AM

Retail chain Toys R Us has begun shutting down 144 stores nationwide. Seven of the affected Toys R Us and Babies R Us stores are in Georgia. The chain filed for Chapter 11 bankruptcy protection last September. Gift cards and other customer programs will be honored at closing locations, the company said.

A toy tycoon has submitted a formal bid to purchase 274 U.S. Toys “R” Us stores.

Isaac Larian, the billionaire founder and CEO of MGA Entertainment, submitted a bid of $675 million to buy 274 Toys “R” Us in the U.S. He also bid another $215 million to buy 82 stores in Canada. Larian’s company produces toys like Bratz dolls, Little Tikes and LOL Surprise.

» CONTINUED COVERAGE: 5 retailers closing stores in Ohio this year

Larian said he would not be involved in day-to-day operations of Toys “R” U if the bid is accepted, according to The Wall Street Journal.

Toys “R” Us, Inc. voluntarily filed for relief under Chapter 11, in September 2017. In mid-March, Toys “R” Us officials said it was getting ready to close more than 700 U.S. stores, including Babies “R” Us, in a move expected to impact as many as 33,000 workers.

At the beginning of 2018, the chain had more than 800 stores before announcing in January that it would shutter 180 stores.

“To our loyal customers: We’ve seen an amazing outpouring of love and support in recent days and we truly appreciate it,” the company wrote on Twitter. “Our stores are open for business, ready to bring joy to children wherever we can, and to help new and expecting parents navigate raising a family.”

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Need a job? More than 160 employers will be at UD Arena

Published: Monday, April 23, 2018 @ 4:45 PM


            The 2018 Spring Job Fair at the University of Dayton Arena is scheduled for Wednesday, April 25, 2018. Montgomery County Development Services and Wright-Patterson Air Force Base are putting on the event. Here, attendees meet with employers at a 2015 Spring Job Fair inside the arena. JAROD THRUSH/STAFF FILE PHOTO
            JAROD THRUSH
The 2018 Spring Job Fair at the University of Dayton Arena is scheduled for Wednesday, April 25, 2018. Montgomery County Development Services and Wright-Patterson Air Force Base are putting on the event. Here, attendees meet with employers at a 2015 Spring Job Fair inside the arena. JAROD THRUSH/STAFF FILE PHOTO(JAROD THRUSH)

More 1,000 people and over 160 employers will be at the 2018 Spring Job Fair Wednesday, April 25 at the University of Dayton Arena.

Government agencies and private sector companies spanning construction, engineering, education, health care, information technology, manufacturing, professional services and transportation will be on hand, according to organizers.

“People are in big demand now and this gives a a nice opportunity for the job seeker to meet with the hiring people for each company,” said Mark S. Anderson, an event organizer with Montgomery County Development Services.

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The county agency and Wright-Patterson Air Force Base will host the fair.set from 1 p.m. to 4 p.m., which is open to both civilians and military personnel. “It’s open to all residents in the entire Miami Valley,” he said.

To register, log onto OhioMeansJobs.com/montgomery .

Montgomery County and Wright-Patterson plan a similar fall jobs fair in September at the Nutter Center at Wright State University, but a date has not yet been scheduled, Anderson said.

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Opening date announced for Macy’s outlet store in Dayton

Published: Monday, April 23, 2018 @ 4:24 PM


            KARA DRISCOLL/STAFF
KARA DRISCOLL/STAFF

Macy’s will open an outlet store at the Dayton Mall in June.

The department store will open its first Dayton-area Backstage outlet store at the Dayton Mall on June 6. The new outlet store will have approximately 12,900 square feet of dedicated retail space and will live on the second level inside the full-line Macy’s. The grand opening will be celebrated with giveaways for the first 200 customers and special events throughout the day.

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“Our customers are excited about the Macy’s Backstage shopping experience,” said Michelle Israel, Macy’s Senior Vice President of Off Price. “Macy’s Backstage Dayton Mall was designed to bring great deals and the fun of the hunt into our existing location. If you’re looking for a fashion update, a last-minute gift, or a special treat for yourself, your home or your pet, we have you covered.”

Seven free-standing Backstage stores opened in the Northeast and San Antonio, TX in 2015 and 2016. In the subsequent years, Macy’s has opened approximately 63 store-within-store locations, allowing customers to shop both merchandise offerings in one trip to their local mall. There are currently 70 Macy’s Backstage locations across the U.S.

The Dayton Daily News was the first to report about the Backstage outlet coming to the region. The estimated market value of the completed project is $75,000.

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Did you buy this product? Vegetable sold in Ohio ALDI stores recalled

Published: Monday, April 23, 2018 @ 3:29 PM


            FILE
FILE

A vegetable item sold in Ohio ALDI stores has been recalled.

McCall Farms Inc. is voluntarily recalling a limited amount of cases of Happy Harvest Spinach in 13.5 ounce cans as a precautionary measure due to the potential presence of peanuts resulting from product mislabeling, the U.S. Food and Drug Administration announced.

The product was available for purchase in the following states: Florida, Georgia, Iowa, Illinois, Indiana, Kentucky, Michigan, Minnesota, North Carolina, Ohio, South Carolina, South Dakota, Tennessee, Virginia, Wisconsin, and West Virginia. The product was also available for purchase to ALDI customers in the Atlanta and Chicago areas through the company’s partnership with Instacart, a grocery delivery service.

All affected product has been removed from its stores. ALDI is the only retailer with this product. The product was packaged in 13.5 oz cans with the lot code of A23IX. The best-by date is January 2021. The UPC code is 041498131289.

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500 people from two local companies inspect fan blades after fatal accident

Published: Monday, April 23, 2018 @ 8:52 AM

A CFM56 engine built by CFM International in West Chester Twp. is readied for installation on the A320 final assembly line at an Airbus factory in this 2014 photo. CONTRIBUTED.
A CFM56 engine built by CFM International in West Chester Twp. is readied for installation on the A320 final assembly line at an Airbus factory in this 2014 photo. CONTRIBUTED.

In the wake of last week’s fatal Southwest Airlines accident, about 500 people tied to two regional companies are involved in inspecting engine fan blades, making sure those components are airworthy.

Those companies are also supporting investigations into why the Southwest aircraft engine blew apart last week, killing a passenger on a New York-to-Dallas flight.

CFM International — a joint venture between French firm Safran and GE Aviation headquartered in West Chester Twp. in Butler County — late last week issued a service bulletin to operators of CFM56-7B engines, which power certain Boeing 737 airplanes. The bulletin calls for inspections of fan blades on engines that have been in service for a long time.

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“The big effort right now is the 500 GE and Safran team members involved in assisting airlines with the fan-blade inspection program,” said a spokesman for GE Aviation, Rick Kennedy.

The European Aviation Safety Agency and the Federal Aviation Administration have each issued emergency airworthiness directives calling for inspections of fan blades on CFM56-7B engines.

This has wide ramifications.

Southwest Airlines is cancelling about one percent of its flights due to the need for inspections. About 40 flights have been impacted, a media report said.

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Last week, an affected Southwest Boeing 737 took off Tuesday from New York, headed for Dallas. About 20 minutes into the flight, at an altitude of about 32,500 feet, a fan blade broke off the engine and shrapnel shattered a window.

A passenger on that flight, Jennifer Riordan, 43, was sucked part of the way out of the broken window and pulled back inside by fellow passengers.

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The engine in question is assembled in the GE-Evendale plant and by Safran (previously Snecma )in Villaroche, France.

CFM, which has offices in West Chester Twp., is a joint venture of French firm Safran and GE.

Jamie Jewell, a GE Aviation spokeswoman, said the CFM engine has been in service since 1997 and production has been gradually phasing out as GE and CFM ramp-up introduction of the new LEAP engine.

"None of that is as a result of SWA (Southwest Airlines) incident," Jewell said in an email.

The engine's fan blade is produced by Safran, but the National Transportation Safety Board is leading the investigation. Jewell said the companies do not expect to rely on the University of Dayton Research Institute (UDRI) for any post-accident engine component testing at this time.

UDRI is involved in testing of engine casings or housings to help determine how durable those components are. 

CFM sent a team of technical representatives to the site to assist NTSB and government investigators in their probe of what happened on the Southwest flight.

Citing international conventions governing these investigations, Jewell said she can't comment on whether any causes have been identified in the Southwest accident.   

"The NTSB is leading the accident investigation according to the ICAO (International Civil Aviation Organization) Annex 13 rules, and CFM cannot provide information about the accident or details related to it," Jewell said. 

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