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Pike Nurseries Becomes an Employee-owned Company

Pike Nurseries management is pleased to announce the company has combined with Armstrong Garden Centers, its sister corporation in California, to operate under an established Employee Stock Ownership Plan (ESOP). The plan transfers ownership to Pike Nurseries and Armstrong Garden Centers employees through a defined contribution benefit program. 

 

“The ESOP program allows us to reward our employees for their hard work and longevity with the company,” said Mike Kunce, CEO and Chairman of the Board at Pike Nurseries and Armstrong Garden Centers. “This structure not only enables management continuity, but also ensures the employees who have built and sustained Pike Nurseries and Armstrong Garden Centers play an integral part in the future success of the business.”

 

DialAmerica to hold job fair in Athens

DialAmerica to hold job fair in Athens

ATHENS, Ga. -- Teleservices company DialAmerica plans to hire 100 sales and customer service agents in the Athens area.

The company will hold a hiring event at its Athens contact center on Thursday, Mar. 5 from 11 a.m. to 7 p.m.

DialAmerica employees receive flexible work hours, a comprehensive paid training program, competitive salaries, and opportunites for growth. Those who are interested are encouraged to apply online ahead of next week's event at dialamerica.com.

The contact center is located in the Homewood shopping center at 2411 Jefferson Road.

71 Ga. UPS drivers added to Circle of Honor

71 Ga. UPS drivers added to Circle of Honor

(WXIA) -- More than 1,400 UPS drivers worldwide were recently inducted into the Circle of Honor, an organization for employees who have achieved at least 25 years of accident-free driving.

Seventy-one of the inductees live in Georgia.

"My thanks go to all of them for their dedication and focus, and for the countless lives they've saved," Dwayne Meeks, president of UPS South Atlantic District, said in a statement.

Georgia's senior safe driver is Guy Haynes of Tifton, who can boast 43 accident-free years. The most seasoned Circle of Honor driver is Thomas Camp of Livonia, Mich., who has been driving for UPS for 52 years without an accident.

The latest Circle of Honor members from Georgia, by UPS work location, include:

Acworth (Center)
Robert Crumbley, Marietta

Albany (Center)
Tyrone Campbell, Albany
Robert Hammond Jr., Leesburg

RadioShack to close 1,100 stores

(USA TODAY) -- After reporting dismal fourth-quarter earnings, RadioShack said Tuesday that it would close about 1,100 poorly performing stores, roughly 20% of the electronic retailer's locations.

The store closings will leave about 4,000 locations in the U.S. The company has been struggling to revamp its stores for the past year.

Total net sales and operating revenues were $935.4 million in the fourth quarter, vs. $1,171.4 million last year, a 20% decline. Comparable store sales were down 19%, which the company blames on poor performance in its mobile phone business.

RadioShack stock was down more than 20% in premarket trading.

"Even in this environment, we're continuing to make progress on the five pillars of our turnaround plan: repositioning the brand, revamping the product assortment, reinvigorating the stores, operational efficiency and financial flexibility," CEO Joseph C. Magnacca said in a statement.

Best Buy to cut hundreds of jobs

(BUSINESS JOURNAL) -- Best Buy Co. Inc. plans to cut hundreds of jobs throughout its U.S. store operations, according to a report in the New York Post.

The article, citing anonymous insiders, says the "layoffs could affect upwards of 2,000 managers," though the exact scope isn't known. The retailer does not plan to close any of its 1,055 U.S. stores at this time.

Best Buy, which reports its fourth-quarter earnings on Thursday, declined to comment. The chain has 19 stores in metro Atlanta.

Late last month, Best Buy announced it was laying off roughly 950 full-time employees at its Best Buy and Future Shop stores in Canada as part of a store-restructuring initiative. The company said it will consolidate sales departments and reduce management layers in an effort to "streamline its store operating model as part of the company's long-term growth strategy in Canada."

Jos. A. Bank buying Eddie Bauer in $850M deal

Jos. A. Bank buying Eddie Bauer in $850M deal

HAMPSTEAD, Md. -- Jos. A. Bank Clothiers Inc. is buying the parent company of Eddie Bauer in a cash-and-stock deal valued at $850 million.

The men's clothing company, which itself is being pursued by Men's Wearhouse Inc., made the deal with Everest Topco LLC to buy Everest Holdings LLC, Eddie Bauer's parent company.

Jos. A. Bank said Friday that the transaction includes $564 million in cash and about 4.7 million new shares of Jos. A. Bank stock issued to Everest Topco at $56 per share.

Everest Topco may also earn up to an additional $50 million in cash based on Eddie Bauer's adjusted earnings for fiscal 2014.

Jos. A. Bank may end the deal if it receives an acquisition offer for its company that it feels is superior.

13 Ga. bars make 100 Best Bars list

13 Ga. bars make 100 Best Bars list

(ATLANTA BUSINESS CHRONICLE) -- Thirteen Georgia bars have made Southern Living magazine's list of 100 Best Bars in the South.

Says Southern Living, "We sipped our way through the South to compile a list of our 100 favorite Southern bars. From down-and-dirty dives to sleek and buzzy cocktail lounges, these spots are sure to liven up any Friday night."

Georgia bars on the list are:

* The National, Athens
* Normal Bar, Athens
* The World Famous, Athens
* Argosy, Atlanta
* The Brookhouse Pub, Atlanta
* H. Harper Station, Atlanta
* Monday Night Brewing, Atlanta
* One Flew South, Atlanta
* The St. Regis Bar, Atlanta
* Kimball House, Decatur
* Paper Plane, Decatur
* Pinkie Master's Lounge, Savannah
* The Sparetime, Savannah