Business

Cato closing more stores than expected

Charlotte-based retailer Cato reported a 9 percent drop in same-store sales for the third quarter and said it plans to close 26 stores this year. That’s seven more store closings than the company had originally projected.

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5 questions for Randall Johnson

You oughta know Randall Johnson Randall Johnson is the executive director of the N.C. Biotechnology Center’s southeastern office in Wilmington, with a focus on local and regional economic development, entrepreneurship and knowledge-sector development. He helps companies commercialize their innovations in fields including marine biotech, agricultural biotech, renewable energy, clinical research and industrial biotech. Johnson has […]

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Triad on fast track to land Toyota-Mazda plant, consultant says

John Boyd Jr. This time, it looks like the Triad is going to land the “game-changer” project that can accelerate the region’s growth. That’s the view of site-selection consultant John Boyd, who believes the Bloomberg News report that North Carolina and Alabama are finalists for a $1.6 billion Toyota-Mazda vehicle assembly plant. “This is the […]

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Raleigh merchants slam WRAL over parade plans

The Board of the Greater Raleigh Merchants Association has a message for WRAL: Don’t broadcast our Christmas Parade. The broadcaster, which had sponsored the GRMA parade for decades, lost the contract this year to rival WTVD, but announced in October it would still televise the event. The GRMA claimed in its letter WRAL had failed to […]

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