by The Editors on September 17, 2008
BHY S&B Holdings LLC, the new owners of the bankrupt Steve & Barry’s chain of cheap sports clothing stores, has decided to close 103 of their 276 stores including the store in Carlsbad’s Plaza Camino Real (not that anyone will notice another empty retail space).
BHY S&B Holdings LLC, a newly formed investment consortium affiliated with Bay Harbour Management and York Capital Management, purchased the assets of Steve & Barry’s for $163 million. . . following the retailer’s filing for Chapter 11 bankruptcy protection July 9.
Wish we could say we’ll miss that store, but truth is aside from an occasional trip to AT&T we never visit Plaza Camino Real because we’re scared.
[Link: Los Angeles Business]
by The Editors on September 17, 2008
Residents of Carlsbadistan’s exclusive Bressi Ranch are getting a brand new 44,000 square foot Stater Bros Market. And groundbreaking ceremonies went on today at 9:30 AM (sadly, we missed this photo op).
The NEW Stater Bros. Supermarket will be located at Bressi Village Shopping Center at the intersection of Gateway Road and El Fuerte St. in southeast Carlsbad. A Grand Opening Celebration for the new Bressi Ranch Stater Bros. Supermarket is scheduled for February 2009.
We won’t want to miss that celebration. If the market keeps going the way it’s headed today we’re all going to need some free food come February.
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by The Editors on September 17, 2008
Forbes.com is calling Carlsbadistan one of the country’s largest foreclosure hotspots right in above La Jolla, and Miami Beach.
In Carlsbad, for example, there are 302 homes in foreclosure. The wealthy beach town–the median home sale price is $710,000–has suffered from overvaluation and risky financing, says Rick Sharga, a senior vice president at RealtyTrac. . . . The only thing that separates homeowners in Carlsbad from those in [other hot spots] is that in Carlsbad folks are losing their second homes.
Oh, we get it. Forbes is saying that it’s no big deal because in Carlsbad we can all afford to lose our “second homes.” Nice.
[Link: Forbes.com]
by The Editors on September 17, 2008
The economy may be down, but it looks like more people are Jazzercising than ever as Carlsbad’s Jazzercise has had it’s best year in the company’s 39 years of operation.
System wide sales topped 93 million for the past fiscal year, marking a 9% increase over last year’s totals. The increase marked the seventh consecutive year Jazzercise has posted system wide sales growth, including company divisions of Jazzertogs fitness apparel and award-winning JM Digitalworks. Jazzercise has more than 7,500 instructors teaching 32,000 classes weekly in all 50 states and 32 countries worldwide.
It’s amazing how much money can be made by charging women to jump around to music. Crazy.
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by The Editors on September 12, 2008
Carlsbadistan’s favorite nanocrystalline structured alloy company PowerMetal Technologies, Inc. has just announced a “long-term strategic alliance and an equity investment from DuPont Engineering Polymers, according to a story on Nanowerk.com.
The investment by DuPont Engineering Polymers is an exciting step in our company’s evolution,” said Edward Hughes, President and CEO of PowerMetal. “DuPont Engineering Polymers has built a long-standing and well-deserved reputation as a leading provider of innovative engineering polymer solutions that have impacted nearly every aspect of our society. We think this will be a very successful alliance.”
When if comes to materials, DuPont proabably isn’t the worst partner a company can have. One word, my boy: nanocrystalline structured alloy.
[Link: Nanowerk.com]
by The Editors on September 12, 2008
by The Editors on September 12, 2008
Two male Oriental fruit flies (Bactrocera dorsalis) have been spotted in Carlsbad, according to a story in the San Diego Union-Tribune.
In Carlsbad, state agriculture workers will begin eradicating the Oriental fruit fly Friday within a 8.7-square-mile area of where the flies were trapped, using pesticide-laced food for the insect; people are urged to not move fruits and vegetables out of the area.
But that’s not the biggest news. The larger issue is that 1,181-square miles of San Diego County has been “placed under quarantine for the Asian citrus psyllid” a.k.a. Diaphorina citri.
[Link: San Diego Union-Tribune]
by The Editors on September 9, 2008
Carlsbadistan’s satellite products company ViaSat Inc. has just signed a $50 million deal to “intall land-based ‘gateways’ to connect European broadband subscribers to the Internet via satellite.”
The contract was awarded by Skylogic, a subsidiary of Eutelsat Communications of Paris. ViaSat will install 10 broadband gateways in Europe linked to the KA-SAT satellite, which is scheduled to launch in the third quarter of 2010.. . . “This is the first network infrastructure award resulting from our transformational broadband initiative and leverages ground system economies of scale because it can be used for both high-capacity satellites — KA-SAT and ViaSat-1,” said Mark Dankberg, chairman and chief executive officer of ViaSat.
Yeah, what Mark said. We’re hoping someone got a nice fat bonus for this one.
[Link: San Diego Business Journal]
by The Editors on September 8, 2008
According to a story on Golfweek.com Carlsbadistan’s number one golf company Callaway is holding on to CEO George Fellows until at least 2011 thanks to an agreement made by the company’s board of directors.
Fellows, 65, joined Callaway in August 2005. Last year, the Carlsbad, Calif.-based equipment maker posted record net sales of $1.125 billion and fully diluted earnings of $0.81, an increase of 138 percent compared with the previous year.
Fellows will be making “not less that $925,000” and is up for a bonus that could equal that salary. That’s not a bad paycheck for working in God’s favorite city.
[Link: Golfweek]
by The Editors on September 6, 2008
It’s getting to be a bit of old hat, but Carlsbadistan’s Legoland has won an Amusement Today’s Golden Ticket Award for Best Children’s Park for the fifth year in a row. Must be a lot of competition in that category.
It’s a great honor to be distinguished as the Best Children’s Park five years in a row,” said John Jakobsen, Managing Director Legoland Parks and General Manager of Legoland California Resort . “We are constantly striving to make Legoland California an incredible adventure for families with children 2 to 12 years old.”
Congrats, Legoland.
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