Marvin’s plans Tennessee home center
Marvin’s Building Materials and Home Centers announced plans to open a new store in Fayetteville, Tenn.
The new store in Fayetteville is the first of at least two new stores planned for Marvin’s in 2012 and the first store in Tennessee to take on the company’s new-store format. It will soon be under construction at the former Food Lion shopping center on Huntsville Highway, Highway 431.
The store, expected to open in February of 2012, will feature a 35,000 square foot home center with an attached lawn and garden center and drive through lumberyard.
The store will offer a complete line of building materials, electrical, plumbing, paint, millwork, hardware, tools, and lawn and garden products.
“Making our customers’ lives easier with affordable, quality solutions is what Marvin’s is all about," said Darrin Gilliam, President and CEO. "We have been working towards a store in the city of Fayetteville and Lincoln County since 2006. Fayetteville is the first new concept store of several that we hope to open in the great state of Tennessee.”
The company expects to capture sales that previously went to businesses outside the city and county, Gilliam said.
Marvin’s will hire approximately 25 associates to work in the new store.
The company opened two new stores in Monroeville, Ala. in May and expects to open Eufaula, Ala., in October of 2011. The company was founded in 1945 by Marvin Cohn in Gadsden, Alabama.
Marvin’s, named the 2010 Retailer of the Year by the Home Channel News, currently operates 27 stores in Alabama, Mississippi, and Georgia.
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I just found a place called "Printapons" where I can get my fav. restaurant coupon for 90% off!! all you have to do is just print and take it.
Jobs plan ignores housing, economists say
President Obama’s jobs-creation package, unveiled last week and already en route to Congress, is offering no relief for the housing industry, according to economists interviewed by the Los Angeles Times.
The $447 billion combination of tax cuts and infrastructure spending does not address home sales, prices or stalled residential construction, which many consider to be a root cause of the nation’s economic woes.
“That’s probably the biggest missing ingredient here," said economist Mark Zandi.
The National Association of Home Builders (NAHB) said it was “discouraged” that the Obama administration “still fails to recognize” the important role that housing plays in the nation’s work force. In a statement released the day after Obama’s Sept. 8 speech to Congress, NAHB chairman Bob Nielsen, a builder from Reno, Nev., said: “Nothing packs a bigger local economic impact than home building. Constructing 100 average single-family homes generates more than 300 full-time jobs, $23.1 million in wage and business income, and $8.9 million in federal, state and local tax revenue.
"Housing has traditionally led the nation out of past recessions and needs to be playing a far bigger role than it has so far in today’s lackluster recovery. That won’t happen until federal regulators move to end the credit freeze for new home production, banks allow qualified home buyers access to affordable home loans and policymakers acknowledge there is a clear need to support homeownership and get housing moving again to spur growth, create jobs and restore consumer confidence."
A paralytic and immense
A paralytic and immense difficulty for small businesses and individuals who're definitely qualifiable but cannot get loans, even those with excellent scores, is causing a horribly misplaced frustration and anger that's incorrectly placing blame directly on the Obama administration. Those of us who know better know it was the Senate Banking Comittee overrun with lobbyists for the banking industry who spent millions to have the rules changed , inflicting awful regulations and restrictions AFTER we bailed them out with tax payer dollars so they can hold on to the money instead of lending, which is why we bailed them out in the first place, so they would keep lending !!! In my business I see it everyday, buyers who go through immense, impractical grief along with small businesses waiting weeks upon weeks for cash in advance that should have closed much sooner, Cursing the President and talking about how we need to get "a Republican in office" so we can finally have a fair set of banking regulations, especially since this would also immensely increase jobs to return to the home industry. Why hasn't the president reacted to this? Besides the fact that this can mean millions of jobs!! Someone needs to get word to this administration to correct this in the eyes of our business communities so they can at least know where this comes from, and work to ease regulations in practical, responsible manners.
Sears names new supply chain leader
Sears Holdings announced that former UPS executive Raj Penkar is joining the company as SVP and president of the company’s supply chain.
In his new role, Penkar will be accountable for all aspects of the company’s supply chain, including logistics, warehousing, inventory management and distribution. Prior to joining Sears, Penkar worked at UPS for 24 years and most recently served as president of UPS’ customer solutions division.
"I believe that Raj’s vast experience in driving innovative customer solutions and logistics strategy will be invaluable to our company as we continue to put the customer first in everything we do," Sears president and CEO Lou D’Ambrosio said. "Supply chain and fulfillment are key components in ensuring that we have the right product assortment, at the right place, and at the right time to meet the needs of every customer online, in their home and at the store. Raj’s customer insight is a key asset for any organization and I welcome him to Sears Holdings."
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