Charlotte

Belk to expand SC distribution center

July 10, 2014

(The Charlotte Observer)

Charlotte-based Belk Inc. will invest $28 million and add 20 jobs in an expansion of its e-commerce distribution center in Jonesville, S.C. Its landlord will invest an additional $19 million. The retailer reported 42% growth in online sales in the first quarter.

Bojangles' opens 600th store

July 9, 2014

(The Charlotte Observer)

Bojangles' opened its 600th store Tuesday in Charlotte. The Charlotte-based company plans to open 55 to 60 new restaurants this year, mostly in the Southeast, and expects annual sales to reach $1 billion.

Patrick Cannon's parking business suffers after arrest

July 9, 2014

(The Charlotte Observer)

The parking business co-founded by former Charlotte Mayor Patrick Cannon has lost contracts at about a third of the lots it managed in uptown Charlotte. E-Z Parking managed about 25,000 spaces there last fall; that number is down to about 15,000.

Georgia-based BrandMortgage opens Charlotte office

July 8, 2014

(The Charlotte Observer)

BrandMortgage, a Lawrenceville, Ga.-based lender with 18 offices throughout the Southeast, has opened an office in Charlotte. Charlotte native Rebecca Madej will be team leader.

Teardowns common in Charlotte's older neighborhoods

July 7, 2014

(The Charlotte Observer)

Builders and homeowners are tearing down outdated homes in popular Charlotte neighborhoods and replacing them with larger ones. The teardowns reflect a nationwide trend of people wanting to live in established neighborhoods closer to downtown areas.

Concord Mills to hold 'Better than Tax Free' sale

July 3, 2014

(The Charlotte Observer)

Concord Mills mall will hold a special shopping event July 25-27 to replace the tax-free holiday customers relied on for back-to-school shopping. North Carolina lawmakers last year repealed the sales tax holiday, which cost the state more than $13.6 million in tax revenue in 2012.

Icahn purchases underlying shares in Family Dollar

July 3, 2014

(The Charlotte Observer)

Investor Carl Icahn spent $622 million to purchase almost 10.7 million shares of Matthews-based Family Dollar on Wednesday. He previously held most of his 9.4% stake through options. 

Rucho pushes for a veto override

July 2, 2014

(The Charlotte Observer)

N.C. Sen. Bob Rucho is pushing for lawmakers to override Gov. McCrory's veto of of a bill on unemployment insurance. The bill, among other things, would require benefit recipients to report more job searches and show photo ID.

Family Dollar closing 30 stores

July 1, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores announced it will close 30 stores across the Carolinas — 19 in North Carolina and 11 in South Carolina — as part of a restructuring plan.

Charlotte e-cig company up to second in market share

July 1, 2014

(Winston-Salem Journal)

Charlotte-based Mistic said Monday it has moved into second, after passing NJoy, in the electronic-cigarette market. It trails only blu eCigs, which was founded in Charlotte but later bought by Lorillard. 

Charlotte's first outlet mall nears opening

July 1, 2014

(The Charlotte Observer)

The Charlotte Premium Outlets, a partnership between Simon Property Group and Tanger Factory Outlet Centers, is set to open at the end of the month.

UnitedHealth to join insurance exchange in 2015

June 30, 2014

(The Charlotte Observer)

UnitedHealthcare, the nation's largest insurer, notified the N.C. Department of Insurance that it intends to sell subsidized coverage in North Carolina under the Affordable Care Act next year. It would become the third insurer to do so.

Construction to begin in January on EpiCentre hotels

June 27, 2014

(The Charlotte Observer)

Construction on a 20-story hotel tower at Charlotte's EpiCentre entertainment complex will begin in January and should be completed in about 15 months. The tower, which will house two Marriott branded hotels, was announced earlier this month.

BofA lays off 540 workers in Charlotte

June 26, 2014

(The Charlotte Observer)

Bank of America announced Wednesday it will lay off 540 mortgage workers in Charlotte. The cuts are in a division created in 2011 to service troubled mortgages, including many that stemmed from the bank's 2008 acquisition of Countrywide Financial.  

American, US Airways ticket prices vary for same flights

June 25, 2014

(The Charlotte Observer)

Although American Airlines and US Airways completed their merger in December, the companies have not yet merged their reservation systems. Airline ticket prices for the same flights on the same planes can vary widely depending on which carrier's website customers use for booking. 

SkyHouse developer plans second apartment tower in Charlotte

June 25, 2014

(The Charlotte Observer)

Developers of the 24-story SkyHouse apartment tower in uptown Charlotte are planning a second tower on the lot next to it. A spokesman from Atlanta-based Novare Group says the developer has the land under contract. The project is still in the early stages of planning.

NC Senate votes unanimously for closure of coal-ash pits

June 25, 2014

(The Charlotte Observer)

The state Senate voted 45-0 on the second reading of a bill that would force Duke Energy to close all of its coal-ash ponds. The legislation, which will require a third Senate vote on Wednesday, requires Duke to move ash from four power plants to lined landfills and close all 33 of its ash ponds in the state within 15 years. 

BofA announces changes to rewards program

June 24, 2014

(The Charlotte Observer)

Bank of America introduced a new rewards program Monday that extends benefits to customers with at least $20,000 in checking, savings or investment accounts. Previously, clients needed $50,000 in assets in the Charlotte-based bank to qualify for rewards.

Delta Apparel cutting 70 jobs at Maiden plant

June 24, 2014

(The Fayetteville Observer)

Delta Apparel will eliminate 70 jobs at its manufacturing plant in Maiden and will increase production at its plant in Honduras. About 190 employees will remain at the Maiden factory.

Two new developments under way in north Mecklenburg

June 24, 2014

(The Charlotte Observer)

Construction has begun on Two Harbour Place in Davidson, a 51,000-square-foot office and retail building that will serve as the regional office for Minneapolis-based paint company Valspar Corp. In Huntersville, Northwood Ravin broke ground on a 400-unit apartment project. Construction on both projects is expected to be completed in 2015.