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Published: Friday, October 06, 2017 @ 12:13 PM
— Developers are progressing on the renovation of a former Kmart store in Beavercreek, where the Dayton area’s first At Home store will open next year.
At Home, a Texas-based home decor chain retailer, will open its first location in the old Kmart building off of Indian Ripple Road. Beavercreek Planning Commission approved the plans for the retailer to renovate the space at a meeting in August.
Associate city planner Sandra Pereira told this news organization that construction crews were making good progress on the renovation of the building — tearing down the front of the structure for renovation purposes. The former Kmart building, which has stood there for more than 40 years, has been deteriorating significantly in recent years.
This will be the first At Home location in the Dayton area. The retailer already has two locations in the Cincinnati area and another two in the Columbus area. It operates 136 stores in 33 states, and sells “home products to fit any budget or style — from sofas, dining sets, mattresses and patio furniture to lamps, pillows, kitchenware, rugs and more, plus seasonal décor that includes yard displays, lights and Christmas trees.”
» RETAIL APOCALYPSE: What’s really going on?
At Home has opened 80 new stores in just four years, and plans to open 25 new stores in the 2018 fiscal year. The company has delivered revenue growth at a 20 percent compounded annual rate over the past four years, according to a company statement.
FIVE FAST BUSINESS READS
Published: Friday, April 27, 2018 @ 7:05 AM
Updated: Monday, June 25, 2018 @ 9:52 AM
— A popular Nashville food truck that sells fresh peaches from Georgia is making its way to the Dayton region.
Starting Tuesday, June 25, The Peach Truck takes the food truck idea and puts a healthy, Southern twist on it — offering fresh, juicy peaches from Georgia. The truck will visit parts of Cincinnati, Dayton and Columbus.
The first few stops in Dayton will include Church of Incarnation, Rural King, Handyman Ace, Meadow View Growers and other garden centers.
The Peach Truck idea came about when founder Stephen Rose moved to Nashville in 2010 and discovered no one sold fresh, flavorful peaches like the kind he’d grown up eating in Georgia. Two years later, he and his wife Jessica made a trip back to Rose’s hometown farm and started selling peaches out of the back of a ‘64 Jeep truck.
The truck will make stops in Dayton, Hamilton, Kettering, Middletown, Beavercreek, Miamisburg, Xenia, Fairborn, Huber Heights, New Carlisle, Troy and Springfield.
TUESDAY, JUNE 26
8:00 AM - 10:00 AM — Dayton, OH - Church of Incarnation, 55 Williamsburg Lane
8:00 AM - 9:30 AM — Hamilton, OH - Rural King, 1416 Hamilton Richmond Road
11:00 AM - 1:00 PM — Kettering, OH - Handyman Ace, 1950 E. Stroop Road
11:00 AM - 1:00 PM — Middletown, OH - Berns Garden Center, 825 Green Tree Road
2:00 PM - 4:00 PM — Beavercreek, OH - Berns Garden Center, 3776 Indian Ripple Road
2:30 PM - 4:00 PM — Miamisburg, OH - Handyman Ace, 1240 East Central Ave.
WEDNESDAY, JUNE 27
8:00 AM - 9:30 AM — Richmond, IN - Tractor Supply Co., 4675 National Road E.
8:00 AM - 10:00 AM — Xenia, OH - Rural King, 1900 Progress Drive
11:00 AM - 12:30 PM — Fairborn, OH - Handyman Ace, 122 E. Dayton Yellow Springs Road
12:00 PM - 1:30 PM — Huber Heights, OH - Rural King, 7611 Old Troy Pike
2:00 PM - 4:00 PM — New Carlisle, OH - Meadow View Growers, 755 N Dayton-Lakeview Road
2:30 PM - 4:00 PM — Troy, OH - Crystal Room, 845 W. Market St.
THURSDAY, JUNE 28
3:30 PM - 5:00 PM — Springfield, OH - Rural King, 1476 Upper Valley Pike
The truck will return to the area again in mid-July. See the full schedule here.
Published: Friday, June 22, 2018 @ 9:38 AM
Dayton — Fifth Third Bancorp is cutting jobs in the region, bank officials are telling the media.
The company is not discussing the number of employee layoffs or how many are happening in the Dayton area.
No notice of layoffs appeared on the state’s “WARN” (Worker Adjustment and Retraining Notice Act) notice board as of early Friday. Typically, larger companies that lay off 50 or more employees within 30 days are required by law file a WARN notice with the state’s Department of Job and Family Services.
A Fifth Third spokesman said Friday the bank needs to make “adjustments when there is not a good match-up between staffing, market demand and the operating environment.”
“Fifth Third has long had an approach of managing staff carefully and making ongoing adjustments,” Fifth Third spokesman Larry Magnesen said in an email. “That has helped avoid large, broad-based reductions.”
The Cincinnati-based company is still hiring for certain critical skills, and has about 1,122 open positions. More than 500 of those openings are posted on our a Fifth Third recruiting web site.
“It’s worth noting that the bank’s total employment in greater Cincinnati of about 7,500 employees is up by 800 over the last five years or so (since year-end 2013),” Magnesen said.
He added: “Clearly, staffing adjustments increase efficiency. That is a priority of the bank in order to invest in the capabilities in terms of expertise and technology to address our customers’ evolving needs.”
Fifth Third met its goal of closing some 105 branches by June 2016, Greg Carmichael, the bank’s president and chief executive, told this news outlet in August 2016.
At the time, the bank had 47 branches and about 700 employees in the Dayton market.
Published: Monday, June 25, 2018 @ 8:07 AM
Dayton — Passengers on the mid-April Southwest Airlines flight that suffered a mid-flight engine failure are suing the airline and associated companies, including CFM International Inc., the engine manufacturer which has a Butler County presence.
More than two months ago, an Southwest Boeing 737 took off 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.
Riordan later died in a hospital.
The engine had been made by CFM International — a joint venture between French firm Safran and GE Aviation headquartered in West Chester Twp. in Butler County.
CFM has since been inspecting the aircraft engines in question, CFM56-7B engines, which power certain Boeing 737 airplanes.
Inspections are to be completed by August 31.
An “airworthiness directive” mandated by the Federal Aviation Administration in April says that airlines must perform these inspections every 3,000 cycles (1.5 to 2 years of operation). As well, airlines are required to inspect fan blades as they reach the 20,000 cycle threshold, with the continued repetitive 3,000 cycle inspections.
A spokeswoman for GE Aviation declined to comment on pending litigation.
The passengers’ lawsuit was filed recently in New York State Supreme Court. The suit also names the Boeing Co., GE Aviation Systems LLC, Safran USA Inc. and CFM International as defendants.
Published: Saturday, June 23, 2018 @ 4:52 PM
The Kroger Co. finalized a merger with meal delivery company Home Chef this week as the Cincinnati-based company seeks to speed up growth in the meal kit market.
Home Chef will operate as a Kroger subsidiary and will assume responsibility for the grocer’s meal kit initiatives. Home Chef meal kits will now be featured in Kroger’s portfolio of stores and will remain available online.
The initial transaction price is $200 million, with future earnout payments of up to $500 million over five years, contingent on milestones including significant growth of in-store and online meal kits, according to Kroger. Home Chef grew 150 percent in 2017, earning $250 million in revenue and delivering profit in two quarters, the company said.
“We couldn’t be more excited to join the Kroger family and for what this will mean for millions of customers,” said Pat Vihtelic, Home Chef founder and chief executive, in a statement. “We look forward to bringing Home Chef’s simple, convenient and enjoyable meal solutions to Kroger locations.”
Home Chef, founded in 2013, is headquartered in Chicago and operates a distribution center there, as well as in Atlanta and Los Angeles. The company employs about 1,000 people.
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