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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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The National Retail Federation today published the STORES Top 100 Retailers list – showing the nation’s top retailers by revenue.
Wal-Mart remains at the top, with 2007 revenues of $378 billion, an increase of 8.6 percent over the past year.
Home Depot, CVS Casemark, Kroger, Costco, Target, Walgreen, Sears, Lowe’s and Supervalu complete the first 10.
Starbucks and Nordstrom were the only other Washington companies recognized on the annual tally.
Within the Top 10, Lowe’s shows the largest increase of outlets, at 10.9 percent, with Walgreen close behind at 9.8 percent. Supervalu marked a 31.2 percent increase in earnings, while Costco was down 1.9 percent, according to stores.org.
For a look at the complete list, visit www.stores.org/pdf/08Top100Chart.pdf
American Airlines will lay off 22 workers at Sea-Tac Airport beginning Sept. 5 as part of its nationwide staff reduction.
That news came today in a warning notice filed with the state Employment Security Department. Nationwide, American plans to eliminate 6,500 employees or about eight percent of its workforce.
Some employees may leave the company voluntarily with a severance package designed to bridge the gap between full-time employment and their retirement, the company said.
American and most other major airlines plan to cut back flying beginning this fall to allow fuel-guzzling older aircraft to be grounded and to cull unprofitable flights from their schedules.
American hasn't yet announced specific flight reductions at Sea-Tac, but it's expected the airline will consolidate some of the multiple flights it schedules between Seattle and its hubs in Chicago and Dallas.
Delta Air Lines will discontinue its three daily non-stop flights from Sea-Tac to Los Angeles beginning Sept. 1, the airline announced today.
The flights are among those now flown on Delta's behalf by ExpressJet Airlines. Delta is ending its contract with Houston-based ExpressJet.
Delta was a marginal player in the highly competitive Los Angeles-Seattle non-stop market. It had cornered just seven percent of the market, according to statistics from FareCast.com.
The largest player in that market is Alaska Airlines with 54 percent of the market followed by United Airlines with 15 percent of the traffic.
A new entrant in the LAX-SEA market, Virgin America Airlines, has won a 13 percent share of the traffic.
That new competition has kept fares low. Roundtrips in July were available for as low as $185 plus taxes today.
ExpressJet flew 55-passenger Embraer ERJ-145s on the route. The other competitors fly larger aircraft, typically 140-150-passenger 737s or A320s.
The end of the ExpressJet contract also means an end to Delta service from LA to Portland.
Delta and other mainline carriers are paring away marginal routes to combat the damage higher fuel prices are doing to their bottom lines.
Ryanair Holdings, the largest low-cost airline in Europe, has ordered three more Boeing 737-800s.
The Dublin-based carrier will receive the new planes beginning in June 2010.
Ryanair's fleet consists entirely of 737s. The company ordered dozens of the Renton-build planes and took options on dozens more during the lull in plane order activity after the 9-11 terrorist attacks.
Though neither Boeing nor Ryanair will say what the airline paid, analysts say Ryanair got a good deal.
