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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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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Friday, February 6th, 2009
Posted by John Gillie @ 03:33:27 pm

It's not just Starbuck's anymore that's opening multiple stores in the same location.

JCPenney Sunday will open its second store in Puyallup's South Hill Mall at 10 a.m. Sunday. The 20-year-old mall is one of a few in the country where the retailer has two stores, said Ann Marie Bishop, a JCPenney spokeswoman.

The second Penney's store is a reincarnation of the old Mervyn's store at the mall. Mervyn's left the mall in January 2007 when it was cutting back it retail network. The California retail later quit business entirely.

The 77,000-square-foot store will house the department store's women's, children's and shoe departments along with a jewelry section, a portrait studio and the store's optical department.

The new store will introduce a full-service Sephora beauty boutique March 1. That boutique will feature skincare, fragrance, makeup and accessory items.

The existing Penney's store, some distance from the remodeled new store, will remain open but will be remodeled in phases, said Bishop.

When the remodeling is complete at the 51,000-square-foot existing store in May, it will house Penny's men's department, a styling salon and a newly added home department with bedding and bath items, window coverings, decorative accessories and housewares. The remodeled store will have wider aisles improved lighting and new signs and graphics.

Meanwhile, the mall itself is expecting bids next week on remodeling work for the mall itself, said South Hill Marketing Director Linda DiLembo. The mall's owner, Cafaro, announced plans last month for an extensive updating of the property.

That remodeling includes new skylights, lighting, entrances, setting, signage and floor coverings. The mall's food court area will be see a major redesign.

Posted by John Gillie @ 02:42:05 pm

A sophisticated navigation system provided by Kent's Naverus Inc., will give Tibet's capital, Lhasa, more reliable airline access to the outside world.

Naverus announced this week it has agreed to provide its Performance Based Navigation procedures to China Eastern Airlines to allow it nighttime and bad weather access to Lhasa's mountainous airport.

The capital of China's Tibet Autonomous Region is sited among the towering Himalayan Mountains with an altitude of 12,000 feet.

The navigation procedures use Global Positioning System satellite signals coupled with precisely calculated software to thread arriving and department aircraft through the mountainous approaches to the airport even when visibility is poor.

Naverus is already providing navigation procedures for three other Tibetian airports, Linzhi, Bangda and Jiuzhaigou.

Categories: General, Aerospace, Tourism
Posted by John Gillie @ 02:16:34 pm

Two of the aviation world's superstars, Sir Richard Branson and Steven Udvar-Hazy, accepted delivery of startup airline V-Australia's first aircraft, a Boeing 777-300ER, in ceremonies at Boeing Field this morning.

The aircraft flew on to Los Angeles for further ceremonies with politicians and civic officials there this afternoon.

Besides the aircraft, the chief media magnets were billionaire adventurer and serial entrepreneur Branson, and aircraft leasing company magnate Hazy.

Branson, for those who've escaped hearing of his widely publicized exploits, is the founder of such ventures as Virgin Records, Virgin Megastores, and airlines, Virgin Atlantic, Virgin Nigeria, Virgin America, Virgin Blue and now V-Australia.

He's also an adventurer holding various globe-spanning records in boating and ballooning.

Hazy is chief executive and founder of the world's largest aircraft leasing company, International Lease Finance Co., and one of Boeing and Airbus' largest customers. Hazy has a wing of the Smithsonian Institution in Washington, D.C. devoted to aerospace named after him.

The two came together because ILFC owns the first Boeing 777-300ER that V-Australia leases. That plane will begin the airline's new service between Los Angeles and Sydney Feb. 27.

Branson predicted a fare war on the U.S.-Australian route that could force one of the four competitors, most likely United Airlines, to drop out of the competition.

Besides United, V-Australia, Delta and Qantas fly between the two countries.

Categories: General, Aerospace, Tourism
Posted by John Gillie @ 01:42:35 pm

Sea-Tac's Airport's dominant airline, Alaska, ranked 30th, last among the major domestic carriers in on-time performance in January, a new report shows.

That report, from Portland's Flightstats.com, said Alaska flights arrived within 15 minutes of schedule 71.23 percent of the time last month.

That put the SeaTac-based airline 30th among all 37 domestic airlines including regional and commuter carriers.

Topping the list in January were Hawaiian Airlines, Virgin America and Southwest Airlines.

Hawaiian flights were on time 90.47 percent of the time. Virgin America's on-time percentage was 83.96, and Southwest scored 83.37 percent on time.

At the bottom was regional carrier Comair with just 56.04 percent of its flights on time.

Alaska's sister regional carrier, Horizon Air, was 72.33 percent on time last month, ranking 29th on Flightstats' list.

Categories: General, Aerospace, Tourism