Business Page for April 22, 2010
By: Kevin Flanigan
Updated: April 22, 2010
BUSINESS NEWS - If you are looking for some new fashionable footwear, a new business now open in Centre County may be of interest. The Shoe Department Encore is now open near the Macy's department store in the Nittany Mall.
The 12 thousand plus square foot store opened this week and features an extended selection of footwear from some of the top brands in the industry.
This is the second new fashion store to open in the Nittany Mall in recent days.
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One of the fastest growing retailers in the country is about to open a new location in our region.
A new Dollar Tree is scheduled to open next Tuesday in the former Ames building on the Million dollar highway in Saint Marys .
The company moved from its old location Elk County location in search of a larger retail space. Dollar Tree currently operates more than 35-hundred stores with several of them scattered around this region.
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Auto industry analysts say General Motors is making a significant recovery following its its bankruptcy last year. The auto giant has announce plans to speed up the re-payment of more than $8 billion borrowed from the Federal Government.
Much of the improvement comes from G-M slashing its debt load and workforce as part of its bankruptcy reorganization last year.
While the company does appear to be making progress in its recovery, the auto giant is still a long way from regaining its old blue-chip status.
The company remains more than 70 % government-owned and lost more than $3 billion in the fourth quarter of last year alone.
Still G-M sales were up by 43 % last month when compared with the year before.
And cars and trucks produced by G-M are now getting high marks from some consumer groups.
A new poll just released reveals a growing number of American consumers now believe that cars made in this country are just as safe an reliable as those made by some foreign competitors. The results made be due in part to the recent troubles of Toyota.
The 12 thousand plus square foot store opened this week and features an extended selection of footwear from some of the top brands in the industry.
This is the second new fashion store to open in the Nittany Mall in recent days.
.....................................
One of the fastest growing retailers in the country is about to open a new location in our region.
A new Dollar Tree is scheduled to open next Tuesday in the former Ames building on the Million dollar highway in Saint Marys .
The company moved from its old location Elk County location in search of a larger retail space. Dollar Tree currently operates more than 35-hundred stores with several of them scattered around this region.
...............................................
Auto industry analysts say General Motors is making a significant recovery following its its bankruptcy last year. The auto giant has announce plans to speed up the re-payment of more than $8 billion borrowed from the Federal Government.
Much of the improvement comes from G-M slashing its debt load and workforce as part of its bankruptcy reorganization last year.
While the company does appear to be making progress in its recovery, the auto giant is still a long way from regaining its old blue-chip status.
The company remains more than 70 % government-owned and lost more than $3 billion in the fourth quarter of last year alone.
Still G-M sales were up by 43 % last month when compared with the year before.
And cars and trucks produced by G-M are now getting high marks from some consumer groups.
A new poll just released reveals a growing number of American consumers now believe that cars made in this country are just as safe an reliable as those made by some foreign competitors. The results made be due in part to the recent troubles of Toyota.
