Saturday, January 10, 2009

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15 idled by closure of Ashley Furniture

Ashley Furniture Homestore in North Charleston has closed its doors, saying it expects to come under new ownership. The 50,000-square-foot outlet shut down on Dec. 31, affecting about 15 workers. The store, a major anchor at The Shoppes at Centre Pointe shopping center, is at 4950 Centre Pointe Drive across from the Tanger Outlet Center.

A pioneering venture in PR

Local public-relations firm owner Colleen Troy made it out of 2008 with increased sales and an awareness that her success was unique. Friends who worked in the industry in Charleston and others who moved for jobs in bigger cities called her with the same devastating news: Despite years of experience, they were out of work. Cleaning her home over Thanksgiving, she thought about how she had been there, collecting unemployment checks and all the insecurities they can bring.

'09 to be a good year for renters

NEW YORK â€" The balance of power between landlords and tenants will shift dramatically in 2009. For landlords, this promises to be a year of intense competition, more bankrupt tenants, and tightfisted lenders. For renters, it looks like a time of abundant choices and tiny â€" if any â€" price increases.

Hard-hit states all share causes

Unlike the last recession, today's unemployment hot spots are all over the map. The five states with the highest unemployment rates â€" Michigan, Rhode Island, South Carolina, California and Oregon â€" all have something in common, though: a heightened exposure to the root causes of this downward spiral.

BMW sales slip, but were 2nd-best ever

GREENVILLE â€" BMW Group's 2008 global sales were down 4.3 percent from the previous year's record, not an unexpected outcome in the wake of the worldwide crisis in the automotive industry, according to the company. Sales for December again showed the result of customers holding back from buying, BMW said, with a drop of 26.4 percent from December 2007.

The Post and Courier

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