For the latest quarter, Brooks reported double-digit revenue growth, boosted by sales of the company's shoes for avid runners, including Brooks' Ghost and Adrenaline footwear models.
Brooks' third-quarter sales climbed 11 percent, while global footwear revenue was up 14 percent during the period, the company reported Monday. The retailer is also gaining traction in the "$100 and above" segment for adult running footwear, NPD data show. [...]
Brooks Running CEO Reveals the Secrets to Winning In the Digital Retail World
(VIDEO) Considering the competition from Nike, Under Armour and Adidas the results aren't too shabby. Brooks Running CEO James Weber said the brand is winning with running enthusiasts. It also doesn't hurt to be under the Berkshire umbrella, Weber said, as he and his team could think longer term.
Shaw Industries creating 75 jobs in Decatur
A Georgia carpet-maker plans to put $42 million into its existing plant in Decatur, Tennessee, creating 75 jobs, company and state officials announced Friday.
Shaw Industries Group Inc., a Berkshire Hathaway subsidiary based in Dalton, Georgia, makes synthetic yarn at the Decatur factory for use at its other carpet plants. It plans to expand, using both nylon and polyester fiber in its product, according to a news release from the Tennessee Department of Economic and Community Development. [...]
Stuart plant closing due to declining sales, Shaw officials say
There aren't as many people buying hardwood flooring right now. That fact was part of the reason Shaw Industries decided to close their plant in Stuart, company officials said Friday. [...]
Farris said despite the downturn in sales, the company is not getting out of the hardwood business. It will continue to operate the three other solid hardwood manufacturing facilities it owns in other states. The decision to close the Stuart plant, however, means that 160 employees are out of work. Farris said that each of them will be given an offer to work in one of the company's other facilities. The Stuart plant is the only one that operated in southern Virginia, so that would require relocating if the offers are accepted. Farris said that a final closing date hasn't been set for the Stuart plant. It will continue to operate through December or at the latest, early January of 2018. Shaw bought the factory in 2010, before being itself bought out by Berkshire Hathaway. [...]
Iowa wind turbines power all of utility's customers for 2 days
MidAmerican Energy officials said winds blew hard enough on Monday and Tuesday for wind turbines to provide all of the power needed to meet its customers’ needs for the state.
MidAmerican spokeswoman Tina Hoffman said the utility’s experts noted the wind was strong enough to produce the energy needed to power 670,000 electric customers in the state.
MidAmerican’s goal is to eventually produce 100 percent of its power with renewable resources. The company is upgrading its old wind turbines and building new ones to help reach that goal. MidAmerican is owned by Omaha-based Berkshire Hathaway.
CEO of NV Energy highlights great role of geothermal for State of Nevada
In a passionate interview, Paul Caudill, the CEO of NV Energy, Nevada’s largest utility owned by Berkshire Hathaway Energy, talks about his company’s stand and commitment on renewable energy in the state of Nevada. [...]
"I see a brighter future for geothermal energy than we have for the last five, six years here. In the early days — go back 30 years — some of our longest power purchase agreements were with geothermal plants. It was a resource that was number one in those days because of the cost of solar and the fact that wind is not a great resource here. Geothermal was the place to go if you wanted renewable energy here. And then what happened is solar costs came down." [...]
"But as you go to higher penetrations of renewable energy displacing thermal plants, geothermal has a significant value. And that is you can dispatch it. 24/7. We can use geothermal plants at night when we can’t use a solar facility. I think there is a significant value there. And as you start pushing to increase [solar] penetration on the grid, geothermal is going to become more valued." [...]
Dozens of Dairy Queens are closing
About 29 Dairy Queen locations are shuttering, after a franchisee files for bankruptcy.
Vasari LLC, which operates about 70 Dairy Queen locations in Texas, New Mexico, and Oklahoma, filed for Chapter 11 bankruptcy on Monday. In the filing, the company announced plans to close approximately 29 Dairy Queen locations. [...]
Berkshire Hathaway Guard Insurance closes deal to buy WB building; new jobs on the way
[Berkshire Hathaway GUARD Insurance] ended months of speculation Wednesday, announcing it closed a deal to buy the Wilkes-Barre Center at 39 Public Square. A sales price was not disclosed.
The move means an additional 170 or so jobs will be coming to the downtown over the next two years. [...]
GUARD, a subsidiary of billionaire investor Warren Buffett’s Berkshire Hathaway Inc., had increased six-fold to more than $1.2 billion in annual sales and doubled its workforce to more than 675 over the past five years. It’s already added about 114 of the 285 new hires to be filled by August 2019. [...]
Worker Killed at Berkshire Hathaway Manufacturing Subsidiary in Georgia
Authorities in Georgia say a man is dead after being caught in a piece of machinery at a plant in north Georgia.
Whitfield County Coroner Greg Bates told The Atlanta Journal-Constitution that 51-year-old Jesus Pimentel was caught between a moving part of a machine and a stationary steel I-beam Monday. Pimentel, an employee of Shaw Industries in Dalton, died on the scene. [...]
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