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Monday, September 21, 2020
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Business Management changes crafted at Michaels

Management changes crafted at Michaels

Other News

Petalo, not Charmin: Virus brings Mexican toilet paper to US

By JOSEPH PISANI AP Retail Writer NEW YORK (AP) — Toilet...

Mall owners close to buying JC Penney out of bankruptcy

By ANNE D'INNOCENZIO AP Retail WriterNEW YORK (AP) — Mall owners Simon Property Group and Brookfield Property Partners are close to a...

At Home launches collection with Fort Worth connection

At Home Group Inc. (NYSE: HOME), The Home Décor Superstore, has debuted an exclusive collection with interior...

Former Toys ‘R’ Us reopens as Havertys in Southlake

HAVERTYS (NYSE: HVT and HVT.A) will officially open its new store in Southlake Corners on Friday, August 21, 2020. The 32,300 square...

Craft chain Michaels got a lift Friday after the Irving-based company said it’s hired former Walmart executive Ashley Buchanan as its new CEO. Buchanan is currently chief operating officer of Walmart’s e-commerce business in the U.S. After a transition period he’ll take over from current Michaels’ CEO Mark Cosby in April. Cosby will remain on Michaels’ board, the company said in a statement Friday. Michaels’ stock has lost nearly half its value this year. Earlier this month the stock plunged more than 15% after Michaels reported a surprise drop in third-quarter profit, which it blamed on higher promotional activity, the Trump administration’s tariffs on inventory purchased from China, and other factors. Michaels stock closed up 33% to $8 on Friday.

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Latest News

Ascension Coffee, ZAAP Kitchen announce openings in Fort Worth

 An Australian-style coffee shop and cafe and a restaurant focusing on Thai Street food and Lao cuisine are coming to Fort Worth.

Transwestern listing downtown Fort Worth office building with modern renovations

Transwestern Real Estate Services on Sept. 21 announced it is the exclusive sales agent for Winfield Place, a 33,064-square-foot, three-story office building...

Fort Worth eye medication firm acquired for $225M

Fort Worth-based Eyevance Holdings LLC, founded in 2017 to provide medication to eye doctors, has been acquired by Santeen Holdings LLC for...

August unemployment rate in Texas drops to 6.8%, lowest level since coronavirus shutdowns

By Mitchell Ferman, The Texas Tribune Sept. 18, 2020 "August unemployment rate in Texas...

August US home building slides 5.1% after months of gains

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — U.S. housing construction fell a surprising 5.1% in August after...