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.
Thursday, December 4th, 2008
Posted by John Gillie @ 04:43:35 pm

Sea-Tac Airport Friday inaugurates a new program: Park at the airport garage, they'll give you a complementary fill-up.

That's the least they could do, you say, considering that daily parking costs $26 in the airport garage.

There is one hitch: you vehicle must be electric.

The airport is adding five stalls on the fifth floor of the airport garage designated for electric cars.

Those stalls include a 120-volt, 20 amp. electrical hookup to recharge your vehicle.

The power will be free with your parking.

Posted by John Gillie @ 04:28:34 pm

Among U.S. airlines, SeaTac's Alaska Airlines has to consider itself fortunate.

Its business was down in November, but it shrank its capacity at the same rate its business fell.

New figures from the airline show traffic dropped 6.9 percent last month over November 2007. But the number of seats fell proportionally.

That translates to planes operating 76.7 percent full, the same as a year ago.

One compensating side effect of lower business is that on-time arrivals improved to 81.4 percent compared with 77.9 percent last November.

Other U.S. carriers fared worse.

American's business dropped 14.5 percent in November, but its capacity dropped only 9.3 percent. Its percentage of seats full dropped four percentage points.

American Eagle's passenger traffic declined 21.5 percent. Its capacity decreased by 15.9 percent.

Southwest Airlines revenue passenger miles slid 8.3 percent on capacity that was the same as last year. That meant the percentage of seats filled fell from 69.3 percent to 63.2 percent this year.

Categories: General, Aerospace, Tourism
Posted by John Gillie @ 04:04:20 pm

It seems contrary to common sense to even think of gas at less than $1 a gallon, but with prices still sliding, the economy still bleeding and workers still being laid off is it foolish to ponder such a price?

Pierce County's lowest price hit $1.61 a gallon at Costco near the Tacoma Mall today, and the average price of all grades of gasoline continue to fall across the state and and nation.

Here in Pierce County, for instance, the average price reported by TacomaGasPrices.com dropped five cents in a week and 55.7 cents in a month.

Oil industry analysts, contemplating crude oil prices in the low $40-a-barrel range, say the prices could head even farther south in January when more layoffs happen and the economy goes into its usual post-Christmas funk.

Categories: General, Tourism
Posted by Kathleen Cooper @ 12:04:15 pm

For the next few days, as the holidays approach, we’ll be speaking to small retail stores in the South Sound region. If you’d like to nominate a retail business for this series, e-mail c.r.roberts@thenewstribune.com.

Best Loved Baby
Address: 4002 S 12th St., Tacoma

On the phone: Ida Simmons, co-owner with her sister Sarah Simmons; mother-in-law Gerene Simmons; and friend Vronwyn Judd.

Please give me a quick description of what your store sells.

We sell mostly natural or organic baby products, for example: Cloth diapers, baby carriers, clothing, bedding, layettes, shampoo and mama care kind of stuff. We also have nursing covers and other pregnancy products – all natural things.

You recently moved, from Proctor Street to S. 12th Street. Why was that?

We just moved here in the beginning of November. On Proctor we were in a small shop in our house, and we wanted to expand because we were growing quite a bit.

How are sales going so far?

They're up a little bit compared to last year, but not quite as much as you would expect because of the economic situation. People are still coming in but they're buying less and being more frugal. They're coming in especially for cloth diapers since there's such a cost-savings compared to disposables. You can spend roughly $600 from birth to potty training for one child with cloth diapers. For disposables, it's about $2,000 roughly until potty training because babies in cloth diapers tend to potty train earlier.

Are you having any sales?

We just finished our Thanksgiving sale and are getting ready for holiday sale, but we're not quite sure what we'll do for that. We hope to roll it out in the next week.

What's the most popular item?

Bumgenius diapers. It's a one-size cloth diaper that fits from birth-potty training. It has velcro that makes it super easy and convenient, and comes with washable liners. It's the most recognizable brand of cloth diaper, so people come in for that brand. Sometimes they end up buying it, and other times they buy other cloth diapers. But it brings people in.

Categories: General, Shopping
Posted by Kathleen Cooper @ 11:11:42 am

Median home prices in Pierce County dropped again in November, according to figures released Thursday by the Northwest Multiple Listing Service.

The median price for a single-family home or condo in November was $230,000. That price is about $32,950 below the median for the same time last year - an almost 13 percent drop.

Month-to-month, however, it's a 4.5 percent decline from $241,000 in October.

The median price is the midpoint of all sales. Half of homes went for more and half for less.

Other county data for November from the Northwest MLS:

• Homes listed for sale dropped from 1,505 a year ago to 1,368.

• Closed sales were cut almost in half compared to a year ago, from 784 to 463.

Look for more details on the data in tomorrow's News Tribune.