The Biz Buzz

The News Tribune Business Team will keep you updated on what's happening in the South Sound and beyond. Check here for news about economic development, aerospace, shopping and much more.

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Got something to say? Here's the place to say it. We welcome your comments on what's going on in business in the South Sound that we should be discussing, reporting or analyzing here on our blog or in the pages of The News Tribune.

Contributors

Marce Edwards is the business editor. She has been at The News Tribune for seven years and has written about technology and big businesses in the South Sound including Weyerhaeuser and Russell. Before moving to Tacoma, she worked at The Idaho Statesman in Boise. She is a Northwest native who likes to garden and refuses to use an umbrella. She lives in Tacoma with her husband and two kids.

C.R. Roberts is a Tacoma native. Before joining The News Tribune, he worked as a freelance writer and part-time cowhand on a cattle ranch in Northern Idaho. He writes about small business, personal finance and other business issues.

John Gillie writes about the aerospace and airline industries, commercial development and consumer issues. During his 30-year-tenure at The News Tribune he has covered issues as diverse as the Native American fishing rights disputes, crime and the courts, the wood products industry and energy. He lived in Tacoma with his family for 25 years, but now lives in Kent because his wife heads a five-state non-profit foundation headquartered in Ballard, and it only seemed a sensible compromise to make considering their workplaces are 40 miles apart.

Kelly Kearsley has been a business reporter at The News Tribune since 2005. She covers the Port of Tacoma and international trade. Being born and raised in Spokane she’s used to living in cities with inferiority complexes and, in fact, prefers it. Prior to working at The News Tribune, she spent three years as a reporter for The Bulletin in Bend, Oregon and another year working stints for The Associated Press and Seattle Times. She graduated from Pacific Lutheran University. She lives in Tacoma with her husband and miniature schnauzer.

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Get the most up-to-date news, insights and analysis of Tacoma, Pierce County and South Puget Sound business.
Tuesday, May 22nd, 2007
Posted by Devona Wells @ 02:06:42 pm

Wal-Mart Stores Inc. has decided to cut a second line of women’s apparel by the end of this year as it struggles with growing inventory despite a drive to offer more fashion for price-conscious shoppers, according to an Associated Press story at MSNBC.

The world’s largest retailer said Monday it will reduce the number of U.S. stores selling a fashion line by designer Mark Eisen, which it unveiled last year as part of a drive to match successful low-price designer labels at rivals like Target Corp.

But a Wal-Mart spokeswoman said the reduction will not be as large as the retailer’s rollback of its urban-style Metro 7 line for women, which the company said was pushed too fast into too many stores.

“This is not of the same magnitude,” spokeswoman Linda Blakley said. “It is not at all uncommon for adjustments to be made as you roll out a new line.”

The line getting downsized goes by the name George ME. A quick look at the retailer’s Web site turned up sateen capris, a cord blazer, a paisley chiffon dress and a cotton-silk camp shirt by George ME. All were priced between $16.82 and $27.82.

Categories: Shopping
Posted by John Gillie @ 01:53:18 pm

The price drop isn't exactly enough to get you thinking about buying a new 14 mpg Mercedes G55, but the price of gasoline both in the state and in the Puget Sound area fell overnight.

"Fell" might be too strong a word for what AAA Washington figures show. The statewide average for regular dropped from $3.445 on Monday to $3.443 today. In the Seattle-Bellevue-Everett area, the price eased downward by .2 of a cent to $3.461.

In Tacoma, the regular average changed from $3.448 to $3.445 a gallon. That's a grand savings of six cents on a $68.90 fill-up.

The significant news, however, is that after nearly three months of a steeply upward climb in Washington the prices may have plateaued or even turned downward.

The drop follows a trend seen in California where gas prices have been inching downward since May 9. At $3.45 a gallon, the California price is down four cents a gallon in the last two weeks.

While West Coast prices are softening, the national average is still climbing though its got a long way to go catch up with the West Coast. The national average price of regular Tuesday was $3.209 a gallon, up 1.3 cents from Monday.

Illinois now has the priciest gas in the U.S. at $3.481 a gallon. The lowest? You'd never guess. New Jersey with the only sub $3.00 price, $2.947 among the 50 states.

Categories: Aerospace
Posted by Devona Wells @ 01:48:28 pm

The Tacoma-Pierce County Chamber 2007 New Tacoma awards were announced last week.

They winners were:

• Ghilarducci Award (recognizing successful new development, renovation, or beautification): Prium Companies

• Popham Award (recognizing the individual that has done the most to build community): Lisa Fruichiante, Grand Cinema promoter, underground artist, and community builder

• Union Station Award (recognizing leading companies or individuals that have built or sustained momentum for revitalization): Jim Merritt, architecture company Merritt Arch

• Schoenfeld Award (recognizing exemplary performance--and pizzaz!--as a retailer): Leroy Jewelers & The Art Stop

The following nominees were also recognized:
Alexa Folsom Hill (SOTA)
Bill Evans, Tacoma City Council
Chuckals Office Supply
Dame Lola
Derek Young
Felix Flannigan, Martin Luther King Housing Development Authority
Kevin Freitas
Jeff Rounce, The Business Examiner
Matador Restaurant
Paddy Coyne's Irish Pub

Categories: Downtown Tacoma
Posted by John Gillie @ 10:34:56 am

The final assembly line for Boeing's new 787 Dreamliner is unlike any in aviation.

When it's finally up and running at full speed, the job of taking the parts of the 787 brought from plants all over the world and making a finished plane will take three days. That's about a quarter of what it takes Boeing to build a plane now.

That speed is a product of Boeing's decision to have much of the large construction and small detail work on large subassemblies done at subcontractors' plants. When the system is working well, those large subassemblies, big sections of the fuselage, the tail, the nose and the wings will come prestuffed with all the wiring, plumbing, ducting, motors and sensors needed for the complete plane.

Workers at Everett will simply join those half dozen big pieces together, connect the wiring and plumbing, hang the engines on the wings, and install the interior. Three days=one finished 787.

Boeing showed reporters Monday how it has modified an assembly hall at Everett to accommodate the new assembly method.

The company, for instance, has eliminated overhead cranes that are used in other assembly halls to move major plane parts. Instead, partially built 787s will be secured in specially built cradles that move on rails in the floor. A towering, bridge-like device, nicknamed the Mother of All Tools, will move the pieces of the plane's tail into position to join with the fuselage.

Once the planes' landing gear is installed, it will support itself as it rolls down the assembly line.

Smaller parts necessary for final assembly and not installed at the factories of Boeing's partner contractors, will be assembled into "kits" by a company called New Breed for delivery to the assembly line for installation. A kit could include major parts plus all of the fasteners and even the tools needed to install it.

Here's an additional photo taken this week on the assembly line:

Final Body Join K64055-01.jpg

Categories: Aerospace
Posted by John Gillie @ 09:45:26 am

Gov. Christine Gregoire took time out of her busy day Monday to give the engineers, executives and workers at Boeing a well-deserved attaboy for reaching the critical milestone of beginning assembly of the new 787 jetliner.

But for all the governor's virtues, she's obviously no aviation aficiando. You could see the silent cringes on the faces of the assembled engineers at an event Monday at Boeing's Everett plant when she referred to the part of the 787 Dreamliner built at Boeing's Frederickson plant as "the wing," and when she said the 787 was an ecological wonder because it would use less "gas."

The part that the folks in Frederickson build is the vertical tail. The 787 wings are made in Japan. The 787, like all jetliners, doesn't use "gas" but jet fuel that's similar to kerosene.

But the Boeing brass obviously appreciated the governor's interest and accolades, so a minor mistake in aviation jargon was not a big deal.

Categories: Aerospace
Posted by Devona Wells @ 09:02:20 am

Fast-food chain Wendy’s plans to add breakfast to 30 percent of its restaurants by the end of the year, according to trade magazine Marketing Daily. Key to the strategy is serving a Folgers Gourmet line of coffee.

“We've engaged in consumer testing and it scores extremely well. It's a high-quality, premium coffee that will compete favorably with any other coffee in the marketplace," said spokesman Bob Bertini.

Perhaps the company was emboldened by a recent Consumer
Reports coffee tasting that ranked McDonald’s brew ahead of Starbucks'.

No info on which Wendy's will get the new breakfast program, but Marketing Daily reports that all the restaurants will eventually be serving the Folgers Gourmet – with or without eggs and hashbrowns.

Categories: Restaurants